Research on the factors of term structure of debt financing of the coal listed companies

2011 ◽  
Author(s):  
Jiansong Yang ◽  
Yeli Dong
Keyword(s):  
Term Structure ◽  
Listed Companies ◽  
Debt Financing

Ultimate ownership, institutions and listed companies' debt financing

2011 ◽  
Vol 1 (4) ◽  
pp. 316-333 ◽  
Author(s):  
Yu Honghai ◽  
Xu Longbing ◽  
Chen Baizhu
Keyword(s):  
Listed Companies ◽  
Debt Financing ◽  
Ultimate Ownership

scholarly journals Corporate reliance on bank loans: Evidence from listed companies in Ghana

2014 ◽  
Vol 8 (4) ◽  
pp. 479-489
Author(s):  
J Abor
Keyword(s):  
Interest Rates ◽  
Listed Companies ◽  
Debt Financing ◽  
Bank Loans ◽  
Debt Ratio ◽  
Bank Debt ◽  
Firm Risk ◽  
Listed Firms ◽  
Bank Financing ◽  
Firm Profitability

 This paper examines the incidence of bank financing among Ghanaian listed companies and the determinants of listed firms’ reliance on bank borrowing. The empirical results from a regression model reveal that bank loans account for one-third of debt financing. This suggests that bank loans are important in financing Ghanaian listed firms. The results also show that asset structure, growth opportunities and interest rates have significantly positive associations with bank debt ratio, while age of the firm, size of the firm, profitability and firm risk are significantly and negatively related to bank debt ratio. The results generally indicate that bank loans represent an important source of financing Ghanaian listed firms.

Debt Financing, Corporate Governance and Overinvestment

2011 ◽  
Vol 219-220 ◽  
pp. 1081-1084
Author(s):  
Lei Zhu ◽  
Bei Tang
Keyword(s):  
Listed Companies ◽  
Free Cash Flow ◽  
Debt Maturity ◽  
Debt Financing ◽  
Manufacturing Companies ◽  
Hard Constraint ◽  
Maturity Mismatching ◽  
Chinese Listed Companies ◽  
Investment In China ◽  
The Impact

This paper examines the impact of debt financing on overinvestment in Chinese listed companies. Using an accounting-based framework to measure over-investment and free cash flow, we find evidence that, debt financing can’t mitigate overinvestment in Chinese listed manufacturing companies. Further tests examine whether firm’s governance structures are associated with overinvestment. The evidence suggests that governance factors also can’t mitigate over-investment in China. Reasons lie that hard constraint of debt financing doesn’t play its role in China. There also exists assets maturity and debt maturity mismatching problems in Chinese manufacturing listed companies.

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