Residential College | false |
Status | 已發表Published |
Actual controller’s foreign residency and firm leverage: evidence from China | |
Lu, Timothy1; Ren, Jinjuan2; Liu, Elaine3 | |
2020-05-03 | |
Source Publication | Applied Economics Letters |
ABS Journal Level | 1 |
ISSN | 1350-4851 |
Volume | 27Issue:8Pages:620-623 |
Abstract | We investigate how the characteristics of firms’ actual controllers influence firms’ access to external finance. Using hand-collected data of actual controllers of Chinese firms, we find that firms have significantly lower leverage when the actual controllers have foreign residency. Whereas actual controllers’ political connection increases firm leverage, such effect is fully eroded when the actual controllers have foreign residency. |
Keyword | Leverage Actual Controllers Foreign Residency Political Connection |
DOI | 10.1080/13504851.2020.1728220 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Economics |
WOS ID | WOS:000517444500001 |
Publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND |
Scopus ID | 2-s2.0-85079386809 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Business Administration |
Corresponding Author | Lu, Timothy |
Affiliation | 1.Peking University - HSBC Business School, Shenzhen, China 2.Faculty of Business Administration, University of Macau, Macau, China 3.China International Capital Corporation, Shanghai, China |
Recommended Citation GB/T 7714 | Lu, Timothy,Ren, Jinjuan,Liu, Elaine. Actual controller’s foreign residency and firm leverage: evidence from China[J]. Applied Economics Letters, 2020, 27(8), 620-623. |
APA | Lu, Timothy., Ren, Jinjuan., & Liu, Elaine (2020). Actual controller’s foreign residency and firm leverage: evidence from China. Applied Economics Letters, 27(8), 620-623. |
MLA | Lu, Timothy,et al."Actual controller’s foreign residency and firm leverage: evidence from China".Applied Economics Letters 27.8(2020):620-623. |
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