Financing Behavior of Family Firms-An Evidence from Chinese Listed Firms论文

Financing Behavior of Family Firms-An Evidence from Chinese Listed Firms论文

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大小:6.22 MB

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时间:2019-03-21

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1、学校代码:10270分类号:S化dent化:142201440上每作後夫爹MasterThesisFrms-FinancinBehaviorofFamilyiAnevidencefromgChineselistedfirmsSchool:SchoolofFinance&BusinessMaor:FinancejSecialization:CorporateFinancepName:乂化iqAliSuervisor:UHuipDate:2016/12/0

2、4AbstractFamil巧rmscon巧ituteamaorercentaeoflobaleconom化ereforescholarsandyjpggy,researchershaveutalotefforts化exlainandunderstandtiiissementoft:heeconom.ppgySimirihbidifibholahfilfirmsoiiillalytaseenentedmanscrstatameratenaunuewawhe

3、yyypqyconductingtheirbusinessoperations.Manytheoriesandstudiessuggestedthatfamilyfirms-consfaci.idermany打oneconomicobectivesasaketorfor化ebusnessThealsosuesttiiatjyygg-化unlikenonfamilyfirmswhohaveoalofmaximizi打evalueofshareholders

4、familrmsgg,yfi-reserveiiilfamiliiilthe化no打economcobectvesuchasfamlcontrodenttandfampjy,yy,y-iAndthesenoeconomicfactorslaakeroithediiirsssuccesson.nlenecsonmaknoceofpyygpfa"巧liki!deciiinyrmseca化structuii打sons.pgh*iifocu1identi1heii

5、ilistefirmsATsiesearchssed:0fy:financnbehavorofChnesedfamU.ndgywUh化eheifilpofWndDataBase876Chineselistedfamdirmsare巧udied.Afterreviewn,ygtherelevantliteratUK7ho化esesaredeveloedwhichare化stedwithaseriesofreression,yppgmodels.Di

6、fferentfinancingoptionsavailable化Chinesefamilyfirmsareidentifiedandeachfinancingsourceisbeingtestedinthesemodeltofindouttheanswerstothedesignedresearchuestions.Similarlwiththehelofthesereressionmodelsandinteractionrahsthestudqypgg

7、p,yanalyzedthemoderatoreffectsoffirmsizeandfirmageaswell.TheresultsshowedthatChinesefamilfirmsbehaveddiferentlascomaredtothelobailfi.Ulikllfi出lfamrmsneobarmseyypgyg,rimarfncnfebnke-inaichoiceofChinesefamUirmswasfoundtobedt巧nan

8、ciliShortpygyg,-1ermdebtsLotermebtTadeCeditsandE山tFinancin.:ngdsrr,,qygKeword

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