Table 1.
Variables and definitions.
Table 2.
Descriptive statistics.
Table 3.
The non-state-owned shareholder ‘s governance and the speed of the capital structure adjustment.
Table 4.
The non-state-owned shareholder ‘s governance and the degree of deviation of capital structure.
Table 5.
The non-state-owned shareholder ‘s governance and the speed of the capital structure adjustment.
Table 6.
The non-state-owned shareholder ‘s governance and the degree of deviation of capital structure.
Table 7.
The role of the level of government control.
Table 8.
The role of industry competition level.
Table 9.
Non-state-owned shareholders governance and decision-making on capital structure under different financing constraints.
Table 10.
Mediation test result.
Table 11.
Robustness test.