云南財經(jīng)大學(xué)商學(xué)院龍泉學(xué)術(shù)講壇（第21期）
題 目：What are the Reliably Important Determinants of Capital Structure in China?
(什么是中國資本結(jié)構(gòu)的真正決定因素,？)
主講人：陳 欣博士
主持人：納鵬杰 教授
時 間：2014年6月24日（周二） 19:30-21:30
地 點：云南財經(jīng)大學(xué)南院逸夫樓410
主辦單位：商學(xué)院 科研處 研究生部
Abstract：Existing studies disagree over the basic determinants of capital structure in Chinese firms. We identify profitability, industry leverage, asset growth, tangibility, firm size, state control, and the largest shareholding as reliable core factors explaining book leverage. Compared with evidence from the United States and other countries, we identify three new core factors, and observe that the relative importance of four common core factors for Chinese firms is diverse. In particular, the state-control dummy is negatively associated with book leverage, contrary to findings in certain previous studies. Additional tests indicate that such a negative effect of state-control derives primarily from easier access to equity financing.
陳欣博士簡介：
上海交通大學(xué)安泰經(jīng)濟與管理學(xué)院會計系博士生導(dǎo)師,，明尼蘇達大學(xué)金融學(xué)博士，MIT訪問學(xué)者,，Aarhus大學(xué)兼職博導(dǎo),，曾兼任世界銀行顧問。主持國家自然科學(xué)基金,、留學(xué)基金委基金等多項研究項目,，在Asian Pacific Finance Review（SSCI），China Economic Review （SSCI）,， 管理世界,、金融研究、審計研究等發(fā)表多篇論文,。
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