Management team stability and financing constraints

Zhenge Peng, Wenbin Yang and Jiaqi Mou

Applied Economics Letters, 2025, vol. 32, issue 1, 141-145

Abstract: This paper investigates the impact of management team stability on corporate financing constraints, based on the data of Chinese listed companies from 2008 to 2020. The results show that management team stability has a negative effect on financing constraints. Mechanism test shows that this effect operates through reducing agency cost. This paper combines internal human capital team characteristics with resource acquisition efficiency in the capital market, which represents a novel finding in the literature on financing constraints determinants.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2023.2259585 (text/html)
Access to full text is restricted to subscribers.

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:taf:apeclt:v:32:y:2025:i:1:p:141-145

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2023.2259585

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().