An Analysis of the Factors Affecting Debt Financing Structure--Empirical Evidence from Chinese Listed Companies

DOI

10.2991/asshm-13.2013.173How to use a DOI?

Keywords

debt financing; debt maturity structure; influencing factors

Abstract

This paper explores the factors affecting the Chinese listed companies debt financing and examines them using the data of Chinese listed companies. The evidence suggests that company size, the company's growth opportunities, the fixed asset ratio and free cash flow have a significant impact both on the company's maturity structure of debt financing and the type and source of it. It provides the basis for corporate to arrange the debt covenants and select financing structure reasonably.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Bo Yan
PY  - 2013/12
DA  - 2013/12
TI  - An Analysis of the Factors Affecting Debt Financing Structure--Empirical Evidence from Chinese Listed Companies
BT  - Proceedings of the 2013 International Conference on Advances in Social Science, Humanities, and Management
PB  - Atlantis Press
SP  - 930
EP  - 935
SN  - 1951-6851
UR  - https://doi.org/10.2991/asshm-13.2013.173
DO  - 10.2991/asshm-13.2013.173
ID  - Yan2013/12
ER  -