摘要
从产权关系的角度来研究资本结构理论问题,可以说,代理成本学说为财务理论界解开“资本结构之谜”提供了一个新的视角。选取1998年以前在沪深证交所上市的400家公司,获得1998—2007年的数据,运用多因素回归模型检验了自由现金流量和公司的成长性对公司资本结构的影响,并在此基础上提出降低代理成本的建议。
From the perspective of property relations to study the issue of capital structure theory, it can be said that agency cost theory for the finance theorists to solve "The Mystery of Capital Structure" provides a new perspective. We choose 400 listed companies at the hu and shen Security Exchange and obtain datas from 1998 to 2007. We use multivariate regression analysis examine free cash flow and company growth how to influence the company's capital structure. Further , we give the suggestions about reducing agency cost.
出处
《经济问题》
CSSCI
北大核心
2009年第10期56-58,共3页
On Economic Problems