摘要
以河南省上市公司为样本,用资产负债率和负债与股东权益比作为财务杠杆的代表变量,净资产收益率和总资产收益率作为公司绩效的代表变量,分析研究公司资本结构与资产结构、成长性、公司规模、获利能力和风险之间的相关性,以及公司绩效与资本结构之间的相关关系。研究结果显示公司资产结构和获利能力对资本结构有显著的影响,资本结构对公司绩效无显著影响。
Taking the listed companies registered in Henan province as a sample, this paper applies the theories of capital structure to empirically test the determinants of capital structure. The relationship between performance and capital structure is also studied. The results show that capital structure is significantly correlated with profitability and asset structure, and capital structure is not significantly related to performance.
出处
《河南社会科学》
2004年第4期82-84,共3页
Henan Social Sciences
关键词
资本结构
绩效
净资产收益率
总资产收益率
capital structure
performance
return on net asset
return on total asset
