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The Capital Structure of Chinese Companies
Introduction
Several researches have been conducted to demonstrate the current structure of the Chinese markets, which appears to significantly vary across various industries (Morri and Beretta 2008). Apparently, in order to understand the intricacies of the capital structure in China, it is important to consider that capital structure is different in each industry. For instance, the property industry is different in the sense that the property industry has more collateral assets accompanied by larger that has higher leverage ratio (Liang, Li and Song 2014). On the other hand, the financial sector sets specific standards when ...