Abstract The paper discusses the impact of capital structure on corporate value in transition economy by smapling panel data. It is shown that capital structure of Chins’s listed companies has positive effects on corporate value remarkably. Furthermore, other factors such as state-owned shares ratio, centrality of stock ownership and company scale also affect corporate value in some degree. Moreover, cross-section fixed effects and period fixed effects are a plus.
LI Yong,LI Feng. Capital Structure Affect on Corporation Value in Transition Economy ——An Empirical Analysis Based on Panel Data of China’s Listed Companies. Economic Survey, 2013, 1(2): 0105.
2013, Vol. 1 
