The study looked at what factors influence how companies in China decide on their capital structure, like how much debt they use. They used data from 2008 to 2013 and found that firms in China adjust their debt levels towards certain targets pretty quickly, about 37% per year. This means it takes them around 1.52 years to reach their desired debt levels. Surprisingly, how profitable a company is doesn't seem to be as important in China when it comes to deciding on their capital structure. They also found that it's not just financial stuff that affects these decisions, but also things related to the people who work at the company.