Tags : Corporate Financing

About 4 results
Capital Structure in Emerging Asia
This paper examines the capital structure and financing decisions of firms in emerging Asia between 1991-2014. Neither the mean/median leverage nor the upper tails of the leverage distribution show any upward shift in recent years. On the whole, corporate leverage appears quite stable. The legal environment and ...
https://iems.ust.hk/publications/iems-working-papers/goyal-packer-capital-structure-emerging-asia
Local Financial Development and Constraints on Private-Firm Exports: Evidence from City Commercial Banks in China
Video Key insights In her IEMS Academic Seminar, Sandra Poncet (University of Paris 1) explores whether the entrance of City Commercial Banks (CCBs) in China have relaxed the credit constraints faced by private firms. Drawing from her study spanning 260 cities between 1997 and 2012, Prof Poncet shows that CCBs ...
https://iems.ust.hk/events/academic-seminar/2017/poncet-local-financial-development-constraints
Credit Distribution and Exports: Microeconomic Evidence from China
This paper explores how the distribution of credit supply within an industry affects that industry's export intensity (the export-to-sales ratio) and export propensity (the ratio of the number of exporters to the total number of firms). Using a heterogeneous firm trade model, we derive two opposing hypotheses: for ...
https://iems.ust.hk/publications/iems-working-papers/credit-distribution-exports-microeconomic
Market Access and Capital Structure: Evidence from China
The goal of this research is to examine financing decisions of private, public, and state-owned enterprises (SOEs) in the Chinese context. As China's system is dominated by large state-controlled banks, SOEs are biggest beneficiaries of lending by Chinese banks. This results in Chinese private firms with limited ...
https://iems.ust.hk/research/project/2014/goyal-market-access-and-capital-structure
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