百城建设提质工程背景下融资租赁影响因素研究——以A股上市城建行业为例

Research on the Factors Affecting Financial Leasing in the Background of the Quality Improvement Project of Baicheng Construction—Taking A-Share Listed Urban Construction Industry as an Example

基于2016年118家A股上市城建行业财务报表数据,对影响企业融资租赁的财务指标进行了单变量T值检验。检验发现融资租赁受到总资产报酬率的影响,总资产报酬率高的企业偏向于不适用融资租赁的融资方式。然后,通过多变量的logistic回归分析发现企业是否采用融资租赁的融资模式和企业的长期资本负债率、企业的净资产收益率以及企业的前十大股东的持股比率有相关关系,而和实际所得税率、净利润增长率、净资产增长率和企业的年龄,并没有直接的相关关系。最后,进而为推进百城建设提质工程相关企业进行融资租赁建言献策。

Based on the financial statements of118 A-share listed urban construction industries in 2016,a one-variableT-value test was conducted on the financial indicators affecting corporatefinance leasing.The inspection found that the financial leasing was affectedby the rate of return on total assets,and the enterprises with high return ontotal assets were biased towards the financing method that did not apply tofinancial leasing.Then,through multivariate logistic regression analysis,itis found that whether the enterprise adopts financial leasing is related to thelong-term capital debt ratio of the enterprise,the return on net assets of theenterprise and the shareholding ratio of the top ten shareholders of theenterprise.There is no direct correlation with the actual income tax rate,netprofit growth rate,net asset growth rate and the age of the company.Finally,adviceand suggestions are provided to promote the financing of related companies in theBaicheng Construction Quality Improvement Project.