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Applicability of financial theories of capital structure to the Chinese cultural context: A study of privately owned SMEs
16 references·16 citing·39 second hopsampled
Applicability of financial theories of capital structure to the Chinese cultural context: A study of privately owned SMEs (2011)Applicability of financial theories of ca…The determinants of capital structure: Evidence from China (2005)The determinants of capital s…Law, finance, and economic growth in China (2005)Law, finance, and economic gr…The financing of business start-ups (2003)The financing of business sta…Capital structure and financing of SMEs: Australian evidence (2003)Capital structure and financi…Capital structure decision making (2001)Capital structure decision ma…Financial Policy and Capital Structure Choice in U.K. SMEs: Empirical Evidence from Company Panel Data (1999)Financial Policy and Capital …The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)The economics of small busine…Trade Credit: Theories and Evidence (1997)Trade Credit: Theories and Ev…Small firm growth, access to capital markets and financial structure: Review of issues and an empirical investigation (1996)Small firm growth, access to …Relationship Lending and Lines of Credit in Small Firm Finance (1995)Relationship Lending and Line…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…The Capital Structure Puzzle (1984)The Capital Structure PuzzleCredit Rationing in Markets with Imperfect Information (1981)Credit Rationing in Markets w…A MEAN‐VARIANCE THEORY OF OPTIMAL CAPITAL STRUCTURE AND CORPORATE DEBT CAPACITY (1978)A MEAN‐VARIANCE THEORY OF OPT…A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE (1973)A STATE‐PREFERENCE MODEL OF O…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Financial Performance and Corporate Governance on Firm Value: Evidence from Spain (2025)Financial Performance and Cor…The Entrepreneur Motivation and Financing Sources (2021)The Entrepreneur Motivation a…DETERMINANTS OF LEVERAGE IN EMERGING MARKETS: EMPIRICAL EVIDENCE (2021)DETERMINANTS OF LEVERAGE IN E…Trade-Off Theory Versus Pecking Order Theory: Ghanaian Evidence (2020)Trade-Off Theory Versus Pecki…Application of capital structure theories: a systematic review (2020)Application of capital struct…Linking distinctive management competencies to SMEs’ growth decisions (2017)Linking distinctive managemen…Capital structure of Chinese listed SMEs: an agency theory perspective (2016)Capital structure of Chinese …The determinants of the costs of financial distress in SMEs (2014)The determinants of the costs…Discouraged finance seekers: An analysis of Australian small and medium-sized enterprises (2014)Discouraged finance seekers: …The three faces of China: Strategic alliance partner selection in three ethnic Chinese economies (2013)The three faces of China: Str…The Capital Structure of Business Start-Up: Is There a Pecking Order Theory or a Reversed Pecking Order? —Evidence from the Panel Study of Entrepreneurial Dynamics (2013)The Capital Structure of Busi…How Do SMEs with Single and Multiple Owners Finance Their Operations Differently? Empirical Evidence from China (2013)How Do SMEs with Single and M…Financial Management in SMEs (2013)Financial Management in SMEsDo Social Capital Building Strategies Influence the Financing Behavior of Chinese Private Small and Medium–Sized Enterprises? (2013)Do Social Capital Building St…The influence of managerial factors on the capital structure of small and medium‐sized enterprises in emerging economies (2012)The influence of managerial f…Ownership concentration and product innovation in Chinese private SMEs (2012)Ownership concentration and p…Increases in risk and in risk aversion (1974)Risk Sharing and Incentives in the Principal and Agent Relationship (1979)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial Dependence and Growth (1996)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Journal of Business Venturing (2011)Crowdfunding: Tapping the right crowd (2013)Looking inside the spiky bits: a critical review and conceptualisation of entrepreneurial ecosystems (2017)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Significance tests and goodness of fit in the analysis of covariance structures. (1980)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)The theory and practice of corporate finance: evidence from the field (2001)CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION (1963)Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure (1979)The Determinants of Firms' Hedging Policies (1985)The cost of capital, corporation finance and the theory of investment (2008)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Theory of Capital Structure (1991)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The Capital Structure Puzzle (1984)Debt Maturity Structure and Liquidity Risk (1991)Agency Costs and Ownership Structure (2000)Chapter 12 Finance and Growth: Theory and Evidence (2005)Legal Determinants of External Finance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)Capitalism with Chinese Characteristics (2008)Growing Like China (2011)The Fundamental Institutions of China's Reforms and Development (2011)Relationship Banking: What Do We Know? (2000)Does Distance Still Matter? The Information Revolution in Small Business Lending (2002)The Theory of Bank Risk Taking and Competition Revisited (2005)Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure (2002)Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)Small and medium-size enterprises: Access to finance as a growth constraint (2006)
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References

  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 1984The Capital Structure Puzzle7,520 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 2005Law, finance, and economic growth in China4,481 cited
  • 1998The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle3,690 cited
  • 1995Relationship Lending and Lines of Credit in Small Firm Finance3,641 cited
  • 1997Trade Credit: Theories and Evidence2,600 cited
  • 1973A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE2,598 cited
  • 2003The financing of business start-ups1,110 cited
  • 2005The determinants of capital structure: Evidence from China900 cited
  • 1999Financial Policy and Capital Structure Choice in U.K. SMEs: Empirical Evidence from Company Panel Data741 cited
  • 1996Small firm growth, access to capital markets and financial structure: Review of issues and an empirical investigation720 cited
  • 2001Capital structure decision making650 cited
  • 2003Capital structure and financing of SMEs: Australian evidence

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598 cited
  • 1978A MEAN‐VARIANCE THEORY OF OPTIMAL CAPITAL STRUCTURE AND CORPORATE DEBT CAPACITY564 cited
  • Cited by

    • 2012Ownership concentration and product innovation in Chinese private SMEs127 cited
    • 2013The three faces of China: Strategic alliance partner selection in three ethnic Chinese economies114 cited
    • 2013Do Social Capital Building Strategies Influence the Financing Behavior of Chinese Private Small and Medium–Sized Enterprises?105 cited
    • 2013Financial Management in SMEs86 cited
    • 2014The determinants of the costs of financial distress in SMEs77 cited
    • 2016Capital structure of Chinese listed SMEs: an agency theory perspective76 cited
    • 2020Trade-Off Theory Versus Pecking Order Theory: Ghanaian Evidence65 cited
    • 2020Application of capital structure theories: a systematic review64 cited
    • 2014Discouraged finance seekers: An analysis of Australian small and medium-sized enterprises54 cited
    • 2012The influence of managerial factors on the capital structure of small and medium‐sized enterprises in emerging economies43 cited
    • 2021The Entrepreneur Motivation and Financing Sources39 cited
    • 2013The Capital Structure of Business Start-Up: Is There a Pecking Order Theory or a Reversed Pecking Order? —Evidence from the Panel Study of Entrepreneurial Dynamics25 cited
    • 2013How Do SMEs with Single and Multiple Owners Finance Their Operations Differently? Empirical Evidence from China23 cited
    • 2025Financial Performance and Corporate Governance on Firm Value: Evidence from Spain22 cited
    • 2017Linking distinctive management competencies to SMEs’ growth decisions22 cited
    • 2021DETERMINANTS OF LEVERAGE IN EMERGING MARKETS: EMPIRICAL EVIDENCE21 cited