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Target capital structure choice and capital structure adjustment speed vary over time due to the different company characteristics and macroeconomic conditions. Based on the unbalanced panel data of Chinese nonfinancial listed companies from 1997 to 2006, this article builds a partial adjustment capital structure model which endogenize some decisive factors of target capital structure, and the empirical...
E-commerce has obtained fast development as a new commercial model in recent years. There is a big difference between E-commerce and traditional commerce. On the contrary, physical distribution as an essential part of E-commerce, has becomes more important. In this paper we analyze relationship between e-commerce and physical distribution, and the distribution problems of B2C is discussed according...
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