DocumentCode
693894
Title
Why Don´t Companies Borrow? Evidence from China´s Listed Companies
Author
Xiao Liping ; Li Zhe
Author_Institution
Sch. of Math. & Stat., Northeastern Univ. at Qinhuangdao, Qinhuangdao, China
fYear
2013
fDate
14-16 Nov. 2013
Firstpage
231
Lastpage
235
Abstract
In order to find out why some companies adopt an extreme capital structure of zero debt, we use the data of China´s listed companies to analyze the features of those zero debt companies. Our empirical results show that some factors influence the choice of zero debt policy. Our analysis explains what kind of company may adopt zero debt, and also contribute to the research of low leverage.
Keywords
credit transactions; microeconomics; China listed companies; borrowing; capital structure; zero debt policy; Companies; Educational institutions; Finance; Industries; Investment; Profitability; almost zero debt; influncing factors; zero debt;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Intelligence and Financial Engineering (BIFE), 2013 Sixth International Conference on
Conference_Location
Hangzhou
Print_ISBN
978-1-4799-4778-2
Type
conf
DOI
10.1109/BIFE.2013.49
Filename
6961127
Link To Document