摘要
运用中国上市公司2003年至2005年的数据,对债务融资与公司业绩的关系进行实证分析,发现中国上市公司债务融资比例偏低,且有减少的趋势;债务融资率与企业业绩具有正相关关系,债务融资对提高企业业绩有积极的影响。针对我国上市公司的债务融资状况,提出了相应的改进措施。
Researchers have different conclusions about the relationship between debt financing and corporate performance. This study makes an empirical research based on the data from Chinese listed companies during the year 2003--2005. We find that the proportion of debt financing in Chinese listed companies is not large and tends to be low and also debt financing has the positive correlation with corporate performance. Finally we put forward proposals to improve this situation.
出处
《审计与经济研究》
北大核心
2007年第5期102-105,共4页
Journal of Audit & Economics
关键词
债务融资
公司业绩
实证分析
debt financing
corporate performance
empirical research
