What factors might explain the capital structure of listed real estate firms in China ?

@inproceedings{Li2010WhatFM,
  title={What factors might explain the capital structure of listed real estate firms in China ?},
  author={Liufang Li and H Song and Zehao Xie and Georgy Chelkov and Zhanhong Lu},
  year={2010}
}
This paper is an empirical study investigating the determinants of capital structure of listed real estate firms in China in the period of 2003-2007. Using a panel data set, both static and dynamic panel data models are estimated. The significant and positive determinants are estimated to be the total asset, the state owned share percentage and tangible asset ratio. While the significant and negative determinants are estimated to be the growth rate of the income and return on assets. The lagged… CONTINUE READING

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