论文部分内容阅读
本文以2005~2013年我国A股主板市场792家非金融保险类上市公司的财务数据为样本,检验了股权集中度对资本结构调整速度的影响。本文的结论是:企业资本结构动态调整的速度与第一大股东持股比例正相关,因此保持适当的股权集中可加快企业资本结构的调整速度。
This article takes the financial data of 792 non-financial insurance listed companies in A-share market of China from 2005 to 2013 as a sample to test the impact of ownership concentration on the pace of capital structure adjustment. The conclusion of this paper is that the speed of dynamic adjustment of corporate capital structure is positively correlated with the shareholding ratio of the largest shareholder, so keeping proper equity concentration can speed up the adjustment of corporate capital structure.