Testing the influence of capital structure on corporate profitability of Chinese listed companies

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.coverage.spatial China
dc.creator Mai, Yuxiang
dc.date.accessioned 2015-05-06T14:54:05Z
dc.date.available 2015-05-06T14:54:05Z
dc.date.issued 2014
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/26100
dc.description 1 online resource (iv, 68 p.) : col. ill.
dc.description Includes abstract and appendices.
dc.description Includes bibliographical references (p. 48-55).
dc.description.abstract This study investigates the impact of capital structure on the profitability of non-financial listed companies in China for the period between 2010 and 2014. The entire sample data includes 571 companies from 12 different industries. The study builds a panel-data model for the data, use both linear model and quadratic model to test the relationship between capital structure and profitability. Through correlation and regression analysis, the study finds that the relationship between total debt-asset ratio and profitability is negative, and relationship between long-term debt to total debt ratio and profitability is positive. Moreover, the quadratic model indicates that the evidence of optimal capital structure exist in the Chinese capital market. en_CA
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dc.description.provenance Made available in DSpace on 2015-05-06T14:54:05Z (GMT). No. of bitstreams: 1 Mai_Yuxiang_MRP_2014.pdf: 1585218 bytes, checksum: 80966d8a8e0eac3b108b18c2d14d4464 (MD5) Previous issue date: 2014 en
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title Testing the influence of capital structure on corporate profitability of Chinese listed companies en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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