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Split-share reforms and capital structure adjustment in China: a dynamic panel fractional estimation

Tanveer Ahsan 1 Sultan Sikandar Mirza 2 Bakr Al-Gamrh 1 Muhammad Zubair Tauni 3
1 Rennes School of Business
2 Waikato Management School
3 Métis Lab EM Normandie
Abstract : The purpose of this study is to explain the adjustment rate toward the target capital structure of Chinese nonfinancial listed firms and to investigate the impacts of the split-share reforms (2005–2006) on the capital structure adjustment rate.
Keywords : adjustment rate dynamic panel fractional estimator target capital structure split-share reforms
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Journal articles
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https://hal-rennes-sb.archives-ouvertes.fr/hal-03163990
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Submitted on : Tuesday, March 9, 2021 - 3:50:26 PM
Last modification on : Thursday, March 18, 2021 - 3:25:59 PM

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ESC-RENNES | EMNORMANDIE | METIS | COMUE-NORMANDIE

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Tanveer Ahsan, Sultan Sikandar Mirza, Bakr Al-Gamrh, Muhammad Zubair Tauni. Split-share reforms and capital structure adjustment in China: a dynamic panel fractional estimation. Journal of Economic Studies, Emerald, 2020, 47 (6), pp.1265-1280. ⟨10.1108/JES-03-2019-0096⟩. ⟨hal-03163990⟩

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