摘要
从公开债务(即公共债务)和非公开债务(即私人债务)的角度,分别研究了上市公司的公共债务资产比例,私人债务资产比例以及资产负债率对公司业绩的影响,发现公共债务在公司治理方面起到了显著的积极作用,而私人债务却由于其对经理人的软约束,并不利于公司整体业绩的提高和长远的发展。
the paper analyzes the influence of the ratio of public debt to asset and the ratio of private debt to asset on the performance of the listed companies from the perspective of public debt and private debt, respectively. The results show that the public debt plays a significant and active role in corporate governance, while the private debt has a negative influence on the improvement of the company＇s overall performance and long- term development, due to the soft constraint on the managers.
出处
《科技和产业》
2008年第8期50-52,共3页
Science Technology and Industry
关键词
债务结构
公共债务
私人债务
业绩
structure of debt
public debt
private debt
performance
