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| 股权结构与公司债务期限结构的关系研究 | |
| 引用本文： | 王泽填,程建伟,孙爱琳.股权结构与公司债务期限结构的关系研究[J].山西财经大学学报,2008,30(9). |
| 作者姓名： | 王泽填 程建伟 孙爱琳 |
| 作者单位： | 1. 北京大学,中国经济研究中心,北京,100871 2. 浙江工商大学,金融学院,浙江杭州,310035 3. 江西财经大学,金融学院,江西南昌,330013 |
| 基金项目： | 国家自然科学基金，浙江省社会科学基金 |
| 摘 要： | 采用2000~2005年沪深股市568家A股上市公司的平衡面板数据,检验了股权集中度、股权制衡、不同性质股权比例对上市公司债务期限结构的影响。结果发现,第一大股东持股比例与债务期限结构呈显著的U型曲线关系,国有股比例尤其是国家股比例与债务期限结构显著正相关,社会法人股比例与债务期限结构显著负相关,股权制衡、流通股比例、高管人员持股比例与债务期限结构正相关但不显著。 |
| 关 键 词： | 股权结构 债务期限结构 面板数据 |
Ownership Structure and the Determination of Listed Corporation's Debt Maturity Structure |
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| WANG Ze-tian,CHENG Jian-wei,SUN Ai-lin.Ownership Structure and the Determination of Listed Corporation's Debt Maturity Structure[J].Journal of Shanxi Finance and Economics University,2008,30(9). | |
| Authors: | WANG Ze-tian CHENG Jian-wei SUN Ai-lin |
| Abstract: | With the panel data of 568 listed companies from 2000 to 2005,this paper analyzes the relationship between ownership structure and debt maturity structure.The authors find a nonlinearity relationship of U type between ownership concentration and debt maturity structure.The state-owned share especially the state share positively related with debt maturity structure while the proportion of social-owned share negatively related with debt maturity structure,both of these relationship are significant.Ownership counterpoise,the proportion of circulation share and manager ownership positively related with debt maturity structure but the relationship is not significant. |
| Keywords: | ownership structure debt maturity structure panel data |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ | |