Capital structure decision is an important issue of corporate finance.Theories show that,the corporate debt ratio is determined by many factors.This study conducts empirical work on capital structure theories,focusing...Capital structure decision is an important issue of corporate finance.Theories show that,the corporate debt ratio is determined by many factors.This study conducts empirical work on capital structure theories,focusing on the corporate data of Chinese listed companies,by considering the intrinsic characteristics,utilizing the principal factor analysis and the ridge regression method.Our results suggest that a firms debt ratio has a positive relationship with its size,profitability and operating risk and has a negative relationship with its growth and non debt tax shield,while the long term leverage has a positive relationship with its collateral value of assets.展开更多
This paper summarizes partial findings on education about standardization by CNIS in 2008. As of December 31, 2008, 21 universities and colleges in China had established a standardization curriculum. This paper deals ...This paper summarizes partial findings on education about standardization by CNIS in 2008. As of December 31, 2008, 21 universities and colleges in China had established a standardization curriculum. This paper deals with standardization education related to economic management, engineering, agriculture and science of law and summarizes respondents' opinions on teaching performances and design of teaching materials and curriculums.展开更多
文摘Capital structure decision is an important issue of corporate finance.Theories show that,the corporate debt ratio is determined by many factors.This study conducts empirical work on capital structure theories,focusing on the corporate data of Chinese listed companies,by considering the intrinsic characteristics,utilizing the principal factor analysis and the ridge regression method.Our results suggest that a firms debt ratio has a positive relationship with its size,profitability and operating risk and has a negative relationship with its growth and non debt tax shield,while the long term leverage has a positive relationship with its collateral value of assets.
基金supported by the Foundation for Scientific Research Program of AQSlQ's(Grant No. 2007QK30)the CNIS's Program on Basic Research Fund (Grant No. 51076S-1467) Study on Feasibility of Establishing the Discipline of StandardizationNo. 10-36 programs funded for scientific research of AQSIQ, Study on Boosting Education about Standardization and the Discipline of Standardization Development.
文摘This paper summarizes partial findings on education about standardization by CNIS in 2008. As of December 31, 2008, 21 universities and colleges in China had established a standardization curriculum. This paper deals with standardization education related to economic management, engineering, agriculture and science of law and summarizes respondents' opinions on teaching performances and design of teaching materials and curriculums.