Financing decisions and financial constraints: evidence from the UK and China
Kasseeah, Harshana (2008) Financing decisions and financial constraints: evidence from the UK and China. PhD thesis, University of Nottingham.
Firms are the engines of growth in any economy. It is therefore important to study how they finance themselves, as this may have a direct impact on the overall growth rate of the economy. A firm can choose whether to finance its activities with equity, debt, or both. An optimal capital structure is that mix of internal and external finance (debt and/or equity) that optimizes the value of a firm. Therefore, the question of how to finance or equivalently from where to borrow becomes a crucial decision.
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