...Shangkun Liang; Fu Xin; Junli Yu; Gang Zhao Purpose The political influence on the determinants of capital structure has been under-researched for a long time. Taking the turnover of secretary of municipal committee as a political factor in China, this paper studies the effect of local government...

.... Xin et al. (2022) investigate whether local government officials' turnover leads to a change in firm capital structure with respect to financial leverage. Following Julio and Yook (2012) , they use the turnover year of local top officials in China to capture political uncertainty. The most...

... vary significantly across industries and geographic areas; profitability, firm size, capital structure, and capital intensity are all associated with ten‐year effective tax rates; corporate ownership structures, i.e. tradable vs non‐tradable shares, are related to ten‐year effective tax rates...