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Empirical Analysis on Influencing Factors to the Capital Structure of GEM Board Listed Companies in China

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Shi-chang Lu

    (Liaoning Technical University)

  • Xue Luo

    (Liaoning Technical University)

Abstract

Taking the GEM (Growth Enterprises Market) Board listed company in China as research subjects, using factor analysis and regression analysis methods, this article analyzes influencing factors of the capital structures. The result shows that: there is negative relationship between the operation situation, operation security, operation efficiency and capital structure, that is, the profitability, cash flow, debt-paying ability and operating ability of the company are negatively related to capital structure; while there is positive relationship between operating prospect, operating ability and capital structure, that is, the scale, growth potential and mortgage assets are positively related to capital structure.

Suggested Citation

  • Shi-chang Lu & Xue Luo, 2013. "Empirical Analysis on Influencing Factors to the Capital Structure of GEM Board Listed Companies in China," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 295-301, Springer.
  • Handle: RePEc:spr:sprchp:978-3-642-38433-2_32
    DOI: 10.1007/978-3-642-38433-2_32
    as

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