| 我国上市公司债务融资效应研究 |
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| 引用本文： | 王敏,刘冬荣.我国上市公司债务融资效应研究[J].中南财经政法大学学报,2006(3):76-82. |
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| 作者姓名： | 王敏 刘冬荣 |
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| 作者单位： | 中南大学,商学院,湖南,长沙,410083 |
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| 摘 要： | 为了研究债务融资对公司绩效的影响,首先运用主成分分析法构建了债务融资效应的主成分预测模型,然后利用该模型对我国834家制造业上市公司2003~2004年财务数据进行了实证研究。结果显示在一定范围内我国上市公司债务融资效应的综合得分F与债务存量及增量在一定范围内成正比关系,表明上市公司利用债务融资有利于公司绩效的改善。
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| 关 键 词： | 上市公司 债务融资 主成分分析 |
| 文章编号： | 1003-5230（2006）03-0076-07 |
| 收稿时间： | 2006-03-04 |
| 修稿时间： | 2006年3月4日 |
Study on Debt Financing Effect of Listed Companies in Our Country |
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| WANG Min,LIU Dong-rong.Study on Debt Financing Effect of Listed Companies in Our Country[J].Journal of Zhongnan University of Finance and Economics,2006(3):76-82. |
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| Authors: | WANG Min LIU Dong-rong |
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| Abstract: | In order to study the effect of debt financing on companies' performance,a forecast model of principal component of the debt financing effect was proposed via principal component analysis.Taking the financial data of 824 listed companies in manufacturing industry during 2003-2004 as samples;the debt financing effect of the listed companies was analyzed synthetically by means of the proposed forecast model.The analyses show that the comprehensive scores of debt financing effect "F" goes in the same direction as debt stock and debt increment does in certain scope,and show that a listed company may improve it's performance through debt financing. |
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| Keywords: | Listed Company Debt Financing Effect Principal Component Analysis |
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