摘要
随着经济的发展,文化产业已经成为重要的经济增长点,其快速发展增加了企业对资金的需求,债务融资成为许多文化企业进行融资的主要途径。文章运用灰色关联度模型,选取了证监会中文化、体育和娱乐业分类中37家上市公司为研究样本,得出企业成长性、主营业务收入变异性、企业盈利能力和企业规模是影响我国文化类上市公司债务融资的最主要的四个影响因素。
With the development of economy, the cultural industry has become an important economic growth point. Itsrapid development has increased the enterprises’ demand for funds, and debt financing has become the main way offinancing for many cultural enterprises. With the model of grey correlation degree, the article chooses 37 listed companiesof CSRC in culture, sports and entertainment industries as research samples, and reaches the conclusion that theenterprises’ growth, volatility, profitability and scale are the main four factors influencing the debt financing.
出处
《天津商业大学学报》
2016年第5期54-58,73,共6页
Journal of Tianjin University of Commerce
基金
天津市哲学社会科学研究规划资助项目"文化企业价值计量研究"(TJJL12-035)和"天津自贸区背景下区域创新绩效评价研究"(TJYY15-028)阶段性成果
关键词
债务融资
灰色关联度模型
文化企业
debt financing
grey relational degree model
cultural enterprise
