期刊文献+

周期性行业的范围界定与阶段性特征:1990~2014年 被引量:17

The Scope Definition and Characteristic of Periodic Industry: 1990~2014
下载PDF
导出
摘要 围绕深证指数分类法和《国民经济行业分类》(GB/T4754—2011),对周期性行业进行范围界定,并进一步以1990-2014年为研究区间。对我国周期性行业在总体规模、占比地位、行业分布、并购态势等方面的演进轨迹展开实证研究。研究表明:周期性行业总体规模稳步增长,占比地位举足轻重;各细分行业演进轨迹特征分明,工业、制造业占比排名领先;周期性行业并购市场量价齐升,产业转型升级提速。 On the basis of Shenzhen Index Classification and National Economical Industry Classification(GB/T4754- 2011) in China, this paper defines the scope of cyclical industry and studies empirically its evolution path in overall size, position, industry distribution and M&A situation from 1990 to 2014. The main results are as follows: Firstly, the overall size of cyclical industry has been growing steadily and playing an important role in economics. Secondly, the subdivided industries have their distinct evolution paths, and the proportion of industry and manufacturing industry rank ahead of others. Thirdly, the performance of cyclical industrial M&A market is active and industrial upgrading is speeding up.
作者 陈蕾 郑悦
出处 《改革》 CSSCI 北大核心 2015年第9期53-62,共10页 Reform
基金 国家社会科学基金青年项目"混合所有制改革中周期性公司估值模型的理论修正与实践调整研究"(批准号:15CGL013)
关键词 周期性行业 产业结构调整 产业经济发展 periodic industry, adjustment of industry structure, development of industry economy
  • 相关文献

参考文献3

二级参考文献73

  • 1王书贤.如何评估周期性公司的价值[J].辽宁经济,2005(2):55-55. 被引量:4
  • 2刘格辉,孙静.探析市盈率法在企业价值评估中的运用[J].湖南财经高等专科学校学报,2006,22(2):79-81. 被引量:2
  • 3高善文.主动信贷创造与资产价格重估[J].首席财务官,2007(8):44-49. 被引量:3
  • 4中国证券业协会.证券投资分析[M].北京:中国财政经济出版社,2009.
  • 5Hackbarth D,J Miao,E Morellec.Capital structure,credit risk and macroeconomic conditions[J].Journal of Financial Economics,2006,82:519-550.
  • 6Frank Z,V K Goyal.Trade off and pecking order theories of debt[M]//Eckbo E.Handbook of corporate finance:empirical corporate finance.Volume 2.2008,Elservie:135-202.
  • 7Zingales L.Survival of the fittest or the fattest? Exit and financing in the trucking industry[J].Journal of Finance,1998,53:905-938.
  • 8Elsas R,D Florysiak.Empirical capital structure research:new ideas,recent evidence,and methodological issues[D].Working Paper,University of Munich,2007.
  • 9Goyal V K,K M Lehn,S Rarig.Growth opportunities and corporate debt policy:the case of the U.S.defense industry[J].Journal of Financial Economics,2002,64:35-59.
  • 10Korajczyk A R,A Levy.Capital structure choice:macroeconomic conditions and financial constraints[J].Journal of Financial Economics,2003,68:75-109.

共引文献26

同被引文献211

引证文献17

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部