Browsing by Author "Chen, Haoyu"

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    Capital structure and corporate strategy in South Africa an empirical analysis
    (2009) Chen, Haoyu; Ayogu, Melvin
    Using South African data, this study tests three propositions about capital structure and product market strategy. The results support the hypotheses that oligopolists have relatively high debt-equity ratio; their debt tends to be long term; and firms that produce unique and / or durable goods tend to have less debt-equity ratio.