摘要
采用深圳证券交易所上市的37家中小企业2004年年报数据为样本进行的实证分析表明,负债比率、流通股比例、管理层持股比例等指标与中小企业价值负相关,股权集中度与中小企业价值正相关。
Based on the sample of the 37 Medium and small-sized enterprises＇ annual data in 2004 in Shenzhen Security Exchange, this paper constructs the metric model with Tobin＇Q as explained variable of corporation value. The case study indicates that debt ratio, current stock ratio, governor-holding stock ratio are negative correlative to medium and small-sized enterprises＇ value while stock intensive ratio is positive.
出处
《山东科技大学学报（社会科学版）》
2006年第3期76-80,共5页
Journal of Shandong University of Science and Technology(Social Sciences)
关键词
中小企业
资本结构
股权结构
Tobin's
Q
medium and small-sized enterprise
capital structure
govern structure
Tobircs Q
