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Debt financing costs, patient capital, and the resilience of real estate enterprises

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成果类型:
期刊论文
作者:
Yingjun Yang;Lihong Cheng;Lin Ni*;Xin Xu
通讯作者:
Lin Ni
作者机构:
[Yingjun Yang] School of Economics, Lanzhou University of Finance and Economics, Lanzhou 730000, China
[Lihong Cheng] Lanzhou Open University, Lanzhou 730000, China
[Lin Ni] Science and Technology Daily, Beijing 100000, China
[Xin Xu] School of Economics, Hunan Agricultural University, Hunan 410000, China
通讯机构:
[Lin Ni] S
Science and Technology Daily, Beijing 100000, China
语种:
英文
期刊:
Finance Research Letters
ISSN:
1544-6123
年:
2025
卷:
83
页码:
107689
基金类别:
This research was supported by The Social Science Foundation of Gansu Province (NO. 2024YB072 ).
机构署名:
本校为其他机构
院系归属:
经济学院
摘要:
This study examines listed real estate companies in China from 2008 to 2023, focusing on the impact of debt financing costs and patient capital on corporate resilience. The findings indicate that increasing debt financing costs significantly suppress resilience, exhibiting a U-shaped dynamic trend of initially decreasing and then increasing effects. There is also a significant negative correlation between patient capital and resilience. In addition, patient capital has an important moderating effect on the relationship between debt financing costs and resilience, with different effects found b...

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