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domestic firms and financial leverage by examining 146 Medium Enterprises (MEs). The results show that except for ownership …, the business sector, firm age, foreign ownership level, and financial leverage significantly influence performance …. Foreign ownership substantially mediates the correlation between firm age and performance but not leverage. Both foreign …
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This paper examines the dynamics trade-off financial structure in presence of ownership dispersion of newly created …
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Background: This study tries to investigate how firms adjust their leverage policy across the firm’s life cycle. For … rate of leverage and its determinants in three different life stages of Chinese firms. We find that adjustment rate of … leverage varies for different life stages. Results: In accordance with trade off theory of capital structure this study reports …
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