A Study on the Effect of Debt Governance in China's Listed Companies Based on Ownership Classification
Haipeng Zhang
Abstract
Haipeng Zhang
Abstract
The paper firstly analyses the reasons why the effect of debt governance is weak in China's listed companies,and then verifies the difference of the effect of debt governance in China's state and non-state ownership listed companies respectively.The paper finds out that debt financing can not control the deputy costs and improve the performance.The effect of debt governance of non-state ownership listed companies is worse than state ownership listed companies.
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The paper firstly analyses the reasons why the effect of debt governance is weak in China's listed companies,and then verifies the difference of the effect of debt governance in China's state and non-state ownership listed companies respectively.The paper finds out that debt financing can not control the deputy costs and improve the performance.The effect of debt governance of non-state ownership listed companies is worse than state ownership listed companies.
Key concepts: Corporate governance, Business, Debt, China, Accounting, Debt ratio, Control (management), State (computer science)