The asset-liability ratio of most listed companies in China is more than 50% and that of some unlisted companies is even higher. Debt financing has actually become an important source of funds for the companies. Faced...The asset-liability ratio of most listed companies in China is more than 50% and that of some unlisted companies is even higher. Debt financing has actually become an important source of funds for the companies. Faced with the description of over-indebtedness, the author put forward the method to make the definition of over-indebtedness creatively and carried out empirical research on the impact the over- indebtedness having on firm performance as well as optimal asset-liability ratio from the perspective of over-indebtedness and at the same time gave some relevant suggestions, which makes this study have an important practical significance.展开更多
文摘The asset-liability ratio of most listed companies in China is more than 50% and that of some unlisted companies is even higher. Debt financing has actually become an important source of funds for the companies. Faced with the description of over-indebtedness, the author put forward the method to make the definition of over-indebtedness creatively and carried out empirical research on the impact the over- indebtedness having on firm performance as well as optimal asset-liability ratio from the perspective of over-indebtedness and at the same time gave some relevant suggestions, which makes this study have an important practical significance.
