UM  > Faculty of Business Administration
Residential Collegefalse
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 PublicationApplied Economics Letters
ABS Journal Level1
ISSN1350-4851
Volume27Issue: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.

KeywordLeverage Actual Controllers Foreign Residency Political Connection
DOI10.1080/13504851.2020.1728220
URLView the original
Indexed BySSCI
Language英語English
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000517444500001
PublisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND
Scopus ID2-s2.0-85079386809
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionFaculty of Business Administration
Corresponding AuthorLu, Timothy
Affiliation1.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.
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Lu, Timothy]'s Articles
[Ren, Jinjuan]'s Articles
[Liu, Elaine]'s Articles
Baidu academic
Similar articles in Baidu academic
[Lu, Timothy]'s Articles
[Ren, Jinjuan]'s Articles
[Liu, Elaine]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Lu, Timothy]'s Articles
[Ren, Jinjuan]'s Articles
[Liu, Elaine]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.