Factors affecting the capital structure of listed Chinese media companies

Danhong Zhu, Zitong Qiu and Junwei Wang

International Journal of Finance & Economics, 2023, vol. 28, issue 3, 2998-3007

Abstract: The development of the capital market in China and the growing number of media companies have determined the expansion of ways to finance them: the growth of the financial market is due to the provision of services for the cultural industry, and companies in this sphere need to use the capabilities of the financial market to obtain funds. The use of multiple linear regression for empirical analysis has shown that the following factors demonstrate a significant positive correlation: non‐debt tax shield, growth and ratio of assets to liabilities; company size, growth and long‐term liabilities ratio; company size, volatility and current liabilities ratio. The results of the study are of statistical significance, they are recommended for use in future empirical studies by scientists, for representatives of government bodies in the field of culture and media in China that develop measures to optimize financing of this sector.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/ijfe.2580

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:ijfiec:v:28:y:2023:i:3:p:2998-3007

Ordering information: This journal article can be ordered from
http://jws-edcv.wile ... PRINT_ISSN=1076-9307

Access Statistics for this article

International Journal of Finance & Economics is currently edited by Mark P. Taylor, Keith Cuthbertson and Michael P. Dooley

More articles in International Journal of Finance & Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().