The article looks at how companies in China's stock markets in Shanghai and Shenzhen prefer to get money through earnings. It studied data from 2011 to 2013. The researchers found that when companies mess with their earnings, they're more into getting money by selling shares. But if a company's earnings are reliable, secure, and well-managed, they're less likely to prefer getting money that way. They suggest ways for companies to improve how they go about getting money.