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Split-share reforms and capital structure adjustment in China: a dynamic panel fractional estimation

Tanveer Ahsan, Sultan Sikandar Mirza, Bakr Al-Gamrh and Muhammad Zubair Tauni
Additional contact information
Tanveer Ahsan: ESC [Rennes] - ESC Rennes School of Business
Sultan Sikandar Mirza: Waikato Management School - Waikato University
Muhammad Zubair Tauni: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School

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Abstract: The purpose of this study is to explain the adjustment rate toward the target capital structure of Chinese nonfinancial listed firms and to investigate the impacts of the split-share reforms (2005–2006) on the capital structure adjustment rate.

Keywords: adjustment rate; dynamic panel fractional estimator; target capital structure; split-share reforms (search for similar items in EconPapers)
Date: 2020-05-18
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Citations: View citations in EconPapers (1)

Published in Journal of Economic Studies, 2020, 47 (6), pp.1265-1280. ⟨10.1108/JES-03-2019-0096⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03163990

DOI: 10.1108/JES-03-2019-0096

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