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Board Characteristics and Capital Structure: An Empirical Study on China’s Private Listed Companies
private listed companies board of directors capital structure South China University of Technology
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2007/7/4
Board of directors is one of the important parts of the corporate internal governance mechanism. Using panel data from 144 China’s private listed companies during 2001——2003, this paper empirically st...
Managerial Entrenchment and Capital Structure Decisions
Managerial Entrenchment Capital Structure Decisions
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2014/5/27
We study associations between managerial entrenchment and firms' capital structures, with results generally suggesting that entrenched CEOs seek to avoid debt. In
a cross-sectional analysis, we find ...