摘要
2006年佛山民营上市公司的各项财务业绩表现均优于非民营公司。数据显示佛山民营企业具有更高的效率。另外,不容忽视的是,民营公司具有较高的管理费用比例和较低的资产负债率,这反映了民营公司交易成本较高,融资较难。
In 2006, Fosha＇s non-state-run listed enterprises had better financial performances than staterun listed enterprises. The data show that they had better efficiency. However, a problem not to be ignored is that these enterprises had a higher rate of management expenses but a lower rate of liabilities. This shows that these enterprises had higher transaction costs and hard financing.
基金
2007年度佛山市哲学社会科学"十一五"规划课题(12-1-1)
关键词
民营企业
财务业绩
交易成本
non-state-run enterprises
financial performances
transaction costs
