Since 2014
Analysis of the Effect of Credit Fluctuation on Capital Structure of Listed Companies
International Business and Management
View Archive Info| Field | Value | |
| Title |
Analysis of the Effect of Credit Fluctuation on Capital Structure of Listed Companies
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| Creator |
WU, Kai
YANG, Wen |
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| Subject |
Economics
Credit Fluctuation, Capital Structure, Credit Supply Side — |
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| Description |
This paper studies the influence of credit fluctuations on capital structures from the credit supply side perspective. The results, based on an analysis of data from the Listed Companies in China's A share market from 2003-2015, show that there is a positive, significant correlation between credit fluctuations and the capital structure of listed companies. We also determined that the credit policies have affect the capital structure of listed companies. Further research shows that the differences in credit policy environment have different effects on the capital structure of listed companies. Under the stable credit policy environment, the influence of credit fluctuation on the capital structure of listed companies is positive and the coefficient of influence is larger. Under the tight or expanding monetary policy environment, the impact of credit fluctuation on the capital structure of listed companies is negative and the impact coefficient is smaller. Based on this, this paper puts forward the policy recommendations to optimize the capital structure of listed companies.
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| Publisher |
Canadian Research & Development Center of Sciences and Cultures
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| Contributor |
—
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| Date |
2017-08-26
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://www.cscanada.net/index.php/ibm/article/view/9992
10.3968/9992 |
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| Source |
International Business and Management; Vol 15, No 1 (2017): International Business and Management; 37-47
1923-8428 1923-841X |
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| Language |
eng
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| Relation |
http://www.cscanada.net/index.php/ibm/article/view/9992/pdf
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| Coverage |
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| Rights |
Copyright (c) 2017 Wu Kai, Wen Yang
http://creativecommons.org/licenses/by/4.0 |
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