Ng Yin Hung. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2003. / Includes bibliographical references (leaves 70-74). / Abstracts in English and Chinese. / Abstract --- p.i / Acknowledgements --- p.iii / Table of contents --- p.iv / Chapter Chapter 1 . --- Introduction --- p.1 / Chapter 1.1 --- Background --- p.1 / Chapter 1.2 --- Purpose of Study --- p.1 / Chapter 1.3 --- Summary of Results --- p.3 / Chapter 1.4 --- Organization --- p.5 / Chapter Chapter 2. --- Literature Review --- p.6 / Chapter 2.1 --- Tax --- p.6 / Chapter 2.2 --- Agency Costs --- p.7 / Chapter 2.3 --- Asymmetric Information --- p.8 / Chapter 2.4 --- Product Market Interactions --- p.10 / Chapter 2.5 --- Corporate Control --- p.10 / Chapter Chapter 3. --- Data --- p.12 / Chapter 3.1 --- Methodology --- p.12 / Chapter 3.2 --- Data Collection --- p.12 / Chapter 3.3 --- Measures of Leverage --- p.14 / Chapter 3.4 --- An Overview of Corporate Capital Structure in 42 Countries --- p.15 / Chapter 3.5 --- Chapter Summary --- p.16 / Chapter Chapter 4. --- Firm Characteristics Factors in Capital Structure --- p.18 / Chapter 4.1. --- How Firm Characteristics Factors Related with Levearge --- p.18 / Chapter 4.1.1 --- Tangibility --- p.18 / Chapter 4.1.2 --- Market-to-Book Ratio --- p.19 / Chapter 4.1.3 --- Size --- p.19 / Chapter 4.1.4 --- Profitability --- p.20 / Chapter 4.1.5 --- Business Risk --- p.20 / Chapter 4.2. --- What the Data Tells Us --- p.21 / Chapter 4.2.1 --- Regression Analysis of the Effect of Firm Characteristics and Industry Dummy on Corporate Leverage --- p.21 / Chapter 4.2.1.1 --- Tangibility --- p.22 / Chapter 4.2.1.2 --- Market-to-Book Ratio --- p.24 / Chapter 4.2.1.3 --- Size --- p.27 / Chapter 4.2.1.4 --- Profitability --- p.28 / Chapter 4.2.2 --- Regression of Leverage on Firm Characteristics and Industry Dummy with Business Risk Added --- p.30 / Chapter 4.3. --- Chapter Summary --- p.32 / Chapter Chapter 5. --- Country and Firm Characteristics Factors in Capital Structure --- p.34 / Chapter 5.1. --- Regressions of Leverage on Country Dummies --- p.34 / Chapter 5.2. --- Regressions of Leverage on Country Dummies and Firm Characteristics --- p.37 / Chapter 5.2.1 --- Controlling Frim Characteristics --- p.37 / Chapter 5.2.2 --- Controlling Nationality of a Company --- p.39 / Chapter 5.3. --- Chapter Summary --- p.42 / Chapter Chapter 6. --- Macroeconomic and Institutional Factors in Capital Structure --- p.44 / Chapter 6.1. --- Macroeconomic Factors --- p.44 / Chapter 6.1.1 --- Inflation --- p.45 / Chapter 6.1.2 --- Real GDP Growth Rate --- p.47 / Chapter 6.1.3 --- Real GDP per capita --- p.48 / Chapter 6.2. --- Institutional Factors --- p.49 / Chapter 6.2.1 --- Financial Development --- p.51 / Chapter 6.2.1.1 --- Financial Intermediary Devleopment --- p.52 / Chapter 6.2.1.2 --- Stock Market Development --- p.53 / Chapter 6.2.2 --- Financial System Structure --- p.54 / Chapter 6.2.3 --- Legal Instituion Strength --- p.57 / Chapter 6.2.4 --- Investor Rights and Protection --- p.59 / Chapter 6.2.5 --- Entry Regulations --- p.61 / Chapter 6.2.6 --- Tax Codes --- p.63 / Chapter 6.3. --- Chapter Summary --- p.65 / Chapter Chapter 7. --- Conclusion --- p.67 / Chapter 7 1 --- Summary of Results --- p.67 / Chapter 7.2 --- Limitations and Suggestions for Future Studies --- p.68 / References --- p.70 / Tables --- p.75
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_324269 |
| Date | January 2003 |
| Contributors | Ng, Yin Hung., Chinese University of Hong Kong Graduate School. Division of Economics. |
| Source Sets | The Chinese University of Hong Kong |
| Language | English, Chinese |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, x, 219 leaves ; 30 cm. |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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