Study of Debt Financing of GEM Listed Companies in China

DOI

10.2991/mcei-15.2015.93How to use a DOI?

Keywords

Debt financing; GEM listed companies; Internal financing; External financing; Corporate governance

Abstract

Small and medium enterprises (SMEs) have a major role in contributing towards long-term economic growth and employment. The objective of this paper is to investigate the influencing factors of debt financing for the GEM listed companies in China. The current status of debt financing for GEM listed companies was analyzed, and highlights current policies and measures supporting the debt financing for GEM listed companies in China. By learning the experience and successful practices, some measures and suggestions on policy for improving the debt financing efficiency of GEM listed companies was proposed. The study shows that over-investment increases debt financing of a company, while an increasing new debt-financing restrains over-investment of the company. The study is of great help to gain a better understanding of debt financing of GEM listed companies in China and effectively obtain debt financing through external and internal debt financing for GEM listed companies in China by improving the internal corporate governance and external creditors governance, optimizing the structure of corporate finance

Copyright

© 2015, 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  - Ran Liu
AU  - Jihui Sun
PY  - 2015/06
DA  - 2015/06
TI  - Study of Debt Financing of GEM Listed Companies in China
BT  - Proceedings of the International Conference on Management, Computer and Education Informatization
PB  - Atlantis Press
SP  - 352
EP  - 356
SN  - 2352-538X
UR  - https://doi.org/10.2991/mcei-15.2015.93
DO  - 10.2991/mcei-15.2015.93
ID  - Liu2015/06
ER  -