论文部分内容阅读
以我国A股上市公司2006-2010年的数据为样本.运用单变量分析及多元回归分析模型检验企业属性与市场环境的差异对上市公司资产负债率的影响.研究发现,国有企业由于社会责任和产权主体缺位使其资产负债率低于非国有企业;企业的资产负债率先会随市场环境的改善和外部融资能力的增强而升高,而后因竟争风险的加大而降低,呈倒“U”型.
This paper takes the data of A-share listed companies in China from 2006 to 2010. The paper uses univariate analysis and multiple regression analysis to test the impact of the difference between corporate attributes and market environment on the debt-to-liability ratio of listed companies.It is found that due to social responsibility and The absence of the main body of property rights makes its asset-liability ratio lower than that of non-state-owned enterprises; the assets and liabilities of enterprises will firstly increase as the market environment improves and the external financing ability increases, and then decrease due to the increase of competitive risk, “U” type.