资本结构与制造业企业绩效的实证分析以我国上市公司为例
毕业论文关键词 资本结构 企业绩效 制造业 上市公司 实证分析
论文外文摘要
Title The Empirical Study on the Capital Structure and Performance of the Manufacturing Enterprises：Evidence from Listed Companies in China
Abstract
Capital structure has been one of the focuses of accounting and finance research problems,and the ultimate goal of the research on capital structure is to improve the capital structure in order to promote enterprise performance.But for the relationship between capital structure and corporate performance, academia has not a definite answer.Therefore, using empirical analysis method to study the relativity between capital structure and corporate performance has supplemental function to the research in this area.This study focus of the thesis is the empirical research on the correlation between capital structure and corporate performance of listed companies of manufacturing.First of all,in this thesis, previous research were summarized and analyzed, and the development process of the theory of capital structure was reviewed.Secondly,it chose manufacturing listed companies as the research object, and selected the data of 1478 manufacturing listed companies in 2011 as sample.It adopted the method of descriptive statistics on the sample data analysis. It is concluded that the capital structure of manufacturing listed companies in China had low levels of asset-liability ratio and poor growth.The performance and growth had much difference between companies.Thirdly, through the correlation regression analysis between capital structure and corporate performance, the analysis results showed that the capital structure, company size and corporate performance of Chinese manufacturing listed company show a significantly negative correlation, while growth and corporate performance show a significant positive correlation.Finally, according to the empirical research conclusion, it put forward the corresponding countermeasures and suggestions.
Keywords Capital Structure Enterprise Performance Manufacturing Industry Listed Company Empirical Analysis
目 次
1 引言 1
1．1 研究背景与意义 1
1.1.1 研究背景 1
1.1.2 研究意义 2
1．2 研究内容及方法 2
2 文献综述 3
2．1 国外研究 3
2．2 国内研究 4
2.2.1 资本结构与企业绩效呈正相关关系 4