房地产上市公司财务状况对资本结构的影响研究

Research on the Influence of Financial Condition of Real Estate Listed Companies on Capital Structure

从企业财务状况这一内部因素出发,选取56家在上海证券交易所上市的房地产上市公司进行研究,通过对反映房地产上市公司财务状况的财务指标建立多元线性回归模型,结果发现盈利能力和偿债能力对房地产上市公司资本结构有着显著影响,其中偿债能力与企业资本结构呈负相关,盈利能力与资本结构可能呈负相关也可能呈正相关.

Based on the internal factors of the financial status of the enterprise, 56 real estate companies listed on the Shanghai Stock Exchange were selected as the research samples. Through the establishment of multiple linear regression models for the financial indicators reflecting the financial status of listed real estate companies, the profitability and compensation debt capacity has a significant impact on the capital structure of real estate listed companies, in which solvency is negatively correlated with corporate capital structure, and profitability may be negatively correlated with capital structure or may also be positively correlated.