...Zulfiqar Ali Memon; Yan Chen; Muhammad Zubair Tauni; Hashmat Ali Purpose The purpose of this paper is to investigate the influence of cash flow volatility on firm’s leverage levels. It also analyzes how cash flow volatility influences the debt maturity structure for the Chinese listed firms...

... re-use rights only Financial development Corruption Capital structure Debt maturity G21 G30 Ever since MM theory was been introduced by Modigliani and Miller (1958) , the company’s capital structure decision has been the most controversial topic in academic and business...