| 资本结构对公司绩效影响的研究——基于2007年沪深两市A股上市公司的研究 |
| |
| 引用本文： | 周三深.资本结构对公司绩效影响的研究——基于2007年沪深两市A股上市公司的研究[J].科学技术与工程,2009,9(5). |
| |
| 作者姓名： | 周三深 |
| |
| 作者单位： | 上海交通大学安泰经济与管理学院,上海,200052 |
| |
| 摘 要： | 以我国2007年沪深两市的A股上市公司为研究对象,首先我们为避免指标选取混乱,用主成分分析方法构造出了一个公司综合绩效指标,然后进行实证分析.实证结果发现资本结构对公司绩效有重要影响,即资产负债率对公司绩效综合指标显著正向影响,同时我们按照债务的期限和是否需要付息进行分类,发现短期负债对公司综合绩效具有正向作用,而长期负债具有负向作用,无息负债和有息负债对公司的综合绩效均具有正向作用.而之所以有息负债对公司的综合绩效具有正向作用主要是因为有息负债结构里包括短期借款.
|
| 关 键 词： | 资本结构 公司绩效 债务期限 |
Study on the Effects of Capital Structure on the Corporate Performances:A Study on the A Shares of the Listed Companies in Shanghai and Shenzhen Security Exchanges in China of 2007 |
| |
| ZHOU San-shen.Study on the Effects of Capital Structure on the Corporate Performances:A Study on the A Shares of the Listed Companies in Shanghai and Shenzhen Security Exchanges in China of 2007[J].Science Technology and Engineering,2009,9(5). |
| |
| Authors: | ZHOU San-shen |
| |
| Institution: | Antai College of Economics & Management;Shanghai Jiaotong University;Shanghai 200052;P.R.China |
| |
| Abstract: | Capital structure and the effects on the corporate performance of the A shares of the listed companies in Shanghai and Shenzhen security exchanges in China of 2007 are studied. In order to avoid using too many indicators of corporate performance may cause problems,the method of principal component analysis is used to create a comprehensive corporate performance indicator. The ratio of debt to asset has a positive effect on the comprehensive corporate performance. According to the structure of the debt,the d... |
| |
| Keywords: | capital structure corporate performance debt term structure |
| 本文献已被 CNKI 万方数据 等数据库收录！ |
