{"title":"产业竞争特征对企业债务融资决策的影响:来自中国的证据","authors":"Hong Zeng, Susie Xi Rao","doi":"10.1109/ICSSSM.2005.1499491","DOIUrl":null,"url":null,"abstract":"Study on debt financing decision of firms in different competitive forms by a dynamic empirical model, includes how to decide the capital structure and the decision between debt financing and equity financing. Result shows that there is important linkage between debt financing decision and industrial competitive characteristic, and when deciding debt financing, completely competitive firms are more rational than monopoly ones.","PeriodicalId":389467,"journal":{"name":"Proceedings of ICSSSM '05. 2005 International Conference on Services Systems and Services Management, 2005.","volume":"32 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2005-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Impact of industrial competitive characteristic on firms' debt financing decision: evidence from China\",\"authors\":\"Hong Zeng, Susie Xi Rao\",\"doi\":\"10.1109/ICSSSM.2005.1499491\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Study on debt financing decision of firms in different competitive forms by a dynamic empirical model, includes how to decide the capital structure and the decision between debt financing and equity financing. Result shows that there is important linkage between debt financing decision and industrial competitive characteristic, and when deciding debt financing, completely competitive firms are more rational than monopoly ones.\",\"PeriodicalId\":389467,\"journal\":{\"name\":\"Proceedings of ICSSSM '05. 2005 International Conference on Services Systems and Services Management, 2005.\",\"volume\":\"32 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2005-06-13\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Proceedings of ICSSSM '05. 2005 International Conference on Services Systems and Services Management, 2005.\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/ICSSSM.2005.1499491\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of ICSSSM '05. 2005 International Conference on Services Systems and Services Management, 2005.","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICSSSM.2005.1499491","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Impact of industrial competitive characteristic on firms' debt financing decision: evidence from China
Study on debt financing decision of firms in different competitive forms by a dynamic empirical model, includes how to decide the capital structure and the decision between debt financing and equity financing. Result shows that there is important linkage between debt financing decision and industrial competitive characteristic, and when deciding debt financing, completely competitive firms are more rational than monopoly ones.
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