首页 | 本学科首页   官方微博 | 高级检索  
     检索      

无形资产对公司资本结构的影响研究
引用本文:夏雪花,宫义飞,李 亮.无形资产对公司资本结构的影响研究[J].财经理论与实践,2017(6):64-69.
作者姓名:夏雪花  宫义飞  李 亮
作者单位:1. 南京财经大学 会计学院,江苏 南京,210023;2. 西南大学 经济管理学院,重庆,400715;3. 西南财经大学 金融学院,四川 成都,611130
基金项目:江苏省教育厅高校哲学社会科学基金,江苏高校优势学科建设工程资助项目,江苏高校品牌专业建设工程资助项目,南京财经大学校级科研项目,2016 年西南大学中央高校基本科研业务费专项资金重点项目
摘    要:针对无形资产是否可以起到有效的债务支持替代作用进而影响企业资本结构这一当前少有文献实证探讨的问题,结合我国实际融资环境实证分析无形资产对企业负债水平及资本结构的影响程度和机制.研究发现,企业无形资产投入与负债支持能力及资产负债率显著正相关,实际上发挥出了对有形资产债务支持的替代作用.

关 键 词:无形资产  资本结构  财务杠杆  融资能力

A Study on the Influence of Intangible Assets on the Capital Structure of the Company
XIA Xuehu,GONG Yifei,LI Liang.A Study on the Influence of Intangible Assets on the Capital Structure of the Company[J].The Theory and Practice of Finance and Economics,2017(6):64-69.
Authors:XIA Xuehu  GONG Yifei  LI Liang
Abstract:With the development of knowledge economy, the investment of intangible assets in enterprises has been paid more and more attention, and the impact of the intangible assets to organizational behavior also draws the concern of researchers. However, few studies have explored the influence of intangible assets on the capital structure of enterprises. This paper takes into account the actual financing environment of our country, and empirically study the influence degree and mechanism of intangible assets on the corporate debt level and capital structure. The results show that the intangible assets investment has a significant positive correlation with the enterprise''s liability and asset liability ratio, and play an irreplaceable role in the ability of tangible assets debt support.
Keywords:intangible assets  capital structure  financial leverage  financing ability
本文献已被 万方数据 等数据库收录!
点击此处可从《财经理论与实践》浏览原始摘要信息
点击此处可从《财经理论与实践》下载免费的PDF全文
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号