The empirical study on the influential factors of capital structure of 146 listed family firms in China was analyzed according to profitability,firm scale,firm growth rate,family factors,stock equity concentration degree,stock equity discretion,district factors and listing pattern etc.The results showed as follows: listing pattern had outstanding influence on capital structure of family firms.There was positive correlation between enterprises scale and capital structure.Family share holding proportion was inversely proportional to the capital structure.It showed that family listed business was inclined to retain control right,and had positive correlation with claim financing and negative correlation with the equity financing.
谭利. 我国家族上市公司资本结构影响因素实证分析[J]. J4, 2005, 2(6): 721-.
TAN Li. Empirical Study on Influential Factors of Capital Structure of China's Family Listed Business. J4, 2005, 2(6): 721-.