上市公司资产负债率行业影响的实证研究——对已有研究结论的质疑被引量：10

Another Empirical Research of the Industry Effect in the Ratio of Liabilities to Assets among Chinese Listed Companies

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摘要文章从行业的角度对沪深A股上市公司的资产负债率进行了较为深入的研究。与国内一些学者的研究结果不同,文章研究发现:(1)行业对资产负债率具有显著影响,但这种影响的力度相当微弱;(2)资产负债率的行业差异并不具有普遍性;(3)同一行业内的资产负债率并不具有相似性,且行业内的差异要大于行业间的差异;(4)上市公司并不存在最优的行业资产负债率;(5)大部分行业的资产负债率与其行业特性不符。 This paper deeply investigates the ratio of liabilities to assets of Chinese listed companies. Differing from the research results of some domestic scholars, we find that：（1） although industry indeed influences the corporate ratio of liabilities to assets, the differences between different industries are limited; （2） the industrial difference of the ratios of liabilities to assets isn＇t universal; （3） the corporate ratio of liabilities to assets within one industry is not similar to each other, moreover, the differences within intra-industry are much more greater than within inter-industry; （4）there isn＇t an optimal ratio of liabilities to assets for a specific industry; （5） most industries do not hold the appropriate ratio that fit their characteristics well.

作者董逢谷袁卫秋

机构地区上海财经大学统计学系

出处《财经研究》 CSSCI 北大核心 2006年第6期54-64,共11页 Journal of Finance and Economics

关键词上市公司资产负债率行业 listed companies the ratio of liabilities to assets industry

分类号 F224.7 [经济管理—国民经济] F276.6 [经济管理—企业管理]

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参考文献6

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