Debt Financing Structure and Its Impact on Corporate Performance: An Empirical Study on Family Owned Listed Firms in Zhejiang Province, China

Author

Zhou, Hong ; Geng, Zhao-Yuan ; Huang, Jieqiong ; Chen, Cheng

Author_Institution

City Coll., Dept. of Finance, Zhejiang Univ., Hangzhou, China

fYear

2009

fDate

20-22 Sept. 2009

Firstpage

1

Lastpage

5

Abstract

In order to reveal the impaction of debt financing to corporate performance, we select Zhejiang Province family owned listed corporation as study sample, using multivariate linear regression method, analyzing corporate performance by three factors: overall level of debt financing, debt maturity structure and debt sources structure. Our conclusion is Zhejiang family owned listed firms´ debt financing is negative correlated to corporate performance, current debt and long term debt both show a significant negative correlation to corporate performance, selection of debt financing has no significant relation to corporate performance.

Keywords

financial management; organisational aspects; regression analysis; China; Zhejiang Province; corporate performance; debt financing structure; debt maturity structure; debt sources structure; multivariate linear regression method; Cities and towns; Companies; Cost function; Educational institutions; Finance; Financial management; Industrial control; Industrial relations; Linear regression; Performance analysis;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science, 2009. MASS '09. International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-4638-4

Electronic_ISBN

978-1-4244-4639-1

Type

conf

DOI

10.1109/ICMSS.2009.5302735

Filename

5302735