Research on Factors Affecting Capital Structure of Listed Companies Without Actual Controllers

DOI

10.2991/aebmr.k.191217.168How to use a DOI?

Keywords

Without actual controllers, Capital structure, Influence factor

Abstract

Taking the listed companies without actual controllers of A-shares in China from 2009 to 2017, this paper studies the influence factors of listed companies without actual controllers through hypothesis test and model construction. This paper finds that company size, mortgage asset value, profitability has significant positive impacts on the debt level of listed companies without actual controllers. Internal accumulation level and risk control ability has significant negative effects, while the influence of company growth, bank-enterprise relationship and turnover ability is not significant.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shujun Wang
PY  - 2019
DA  - 2019/12/20
TI  - Research on Factors Affecting Capital Structure of Listed Companies Without Actual Controllers
BT  - Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)
PB  - Atlantis Press
SP  - 986
EP  - 991
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191217.168
DO  - 10.2991/aebmr.k.191217.168
ID  - Wang2019
ER  -