Series: IMF Working Papers
Author(s): Cem Karacadag , and Paul Heytens
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2001
Keywords: Chinese economy, Chinese corporate sector, Chinese financial sector, industrial enterprises, listed companies, enterprise sector, net fixed assets, state enterprise, Corporate Finance and Governance: General,
This paper examines the leverage, efficiency, and debt-repayment capacity of the Chinese enterprise sector using aggregate and firm level data. The cash coverage of interest expense, in particular, is used as a bri...