Topic: An empirical study of the capital structure of Chinese listed firms
Pages: 44, Double spaced (12100 ) Order type: Dissertation Style: Harvard Dissertation Proposal 1. The proposed title of dissertation 2. Introduction (about 2pages) 3. Background of the Chinese firms 4. Literature review (10-15 pages) 5. Methodology and Analysis (20 pages) Use Yi=a+b1X1i+b2X2i+b3X3i 6. Conclusion (3pages) 7. Reference Attention:
Sources: 50
Subject: Finance
Language: English (U.K.)
Order Description
An empirical study of the capital structure of Chinese listed firms
a. Motivation
The motivations for the Chinese firms to achieve an optimal capital structure?
With the reform of the Chinese economic system, from the planned economy to market economy, the development of capital market shows an increasing trend. Generally, the good capital structure can greatly improve the performance of a company. The optimal balancing of debt and equity could play an important role in maximizing the value of the company
b. Objectives
What are the determinants of the optimal capital structure for Chinese firms?
For the capital structure of companies, many factors will have an impact on it. In order to achieve an optimal capital structure, the companies have to analyze the relevant factors. There are many theories have been studied be the previous scholars, such as MM theory, trade of theory.
c. Methodology(briefly)
d. Organization
For example, raising funds, capital structure…………………
I would like to use the quantitative research methods on my dissertation. I can use much data to analyze the determinants of the capital structure. The multiple linear regression model will be my first choice now, but I will not make sure if changed later. First of all, the data collection will be the first step of my research. I would like to collect the data from 50 listed companies in 2005 and 2010. These data should be found on the companies’ annual financial report. For the companies’ choice, I will decide it later. Because I will analyze the capital structure of companies. So in the multiple linear regression model, the gearing ratio will represent Y. The choices of different variables will depend on the literature review. I will use the tangibility, profitability, growth and liquidity to be the independent variables for now. However, these may change according to the literature review. After the choices of different variables, I will use the Excel or Stata to get the results and analyze it to get a conclusion.
Using panel data regression model by Excel or Stata.
Data should be based on 50 companies in 2010 and 2015.
