On the Key Factors of the Chinese Listed Companies Financing Decisions of Issuing Medium Term Notes
Authors
Kan Zhang, Yi Liu, Pan Xiao, Linzi Chen
Corresponding Author
Kan Zhang
Available Online November 2015.
- DOI
- 10.2991/ssemse-15.2015.571How to use a DOI?
- Keywords
- Medium Term Notes; Development Prospect; Financial leverage; Corporate governance
- Abstract
Based on the companies issuing Medium Term Notes (MTNs) listed at Shanghai Stock Exchange (SSE), this paper applies the Logistic model and pair sample analysis to study the key factors that determines the listed companies financing decisions of issuing MTNs from enterprise’s business conditions, financial statements and corporate governance. The results show that company size, development prospect, financial leverage and ownership concentration have great effect on the decisions of issuing MTNs. In other words, the bigger companies size, the better development prospect, the lower financial leverage, the better corporate governance, the higher probability to issue MTNs.
- Copyright
- © 2015, 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/).
Cite this article
TY - CONF AU - Kan Zhang AU - Yi Liu AU - Pan Xiao AU - Linzi Chen PY - 2015/11 DA - 2015/11 TI - On the Key Factors of the Chinese Listed Companies Financing Decisions of Issuing Medium Term Notes BT - Proceedings of the 2015 International Conference on Social Science, Education Management and Sports Education PB - Atlantis Press SP - 2247 EP - 2251 SN - 2352-5398 UR - https://doi.org/10.2991/ssemse-15.2015.571 DO - 10.2991/ssemse-15.2015.571 ID - Zhang2015/11 ER -