| 代理成本、成长性与上市公司债务的绩效 |
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| 引用本文： | 程建伟. 代理成本、成长性与上市公司债务的绩效[J]. 财贸研究, 2007, 0(1): 111-114,133 |
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| 作者姓名： | 程建伟 |
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| 作者单位： | 浙江工商大学,金融学院,浙江,杭州,310035 |
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| 基金项目： | 国家自然科学基金资助项目“基于盈利能力的债务风险与防范”(项目批准号70562001)阶段性研究成果 |
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| 摘 要： | 本文采用不同的代理成本和成长性指标划分了不同的样本区间,对杠杆比率和债务期限结构与企业盈利的关系进行了检验,实证发现在国有控股、高股权集中度和高流通股比例这三种情况下,负债的负效用相对较小,而债务期限结构的正效用相对大小则并不一致。
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| 关 键 词： | 盈利 代理成本 成长性 债务 |
| 收稿时间： | 2006-11-02 |
| 修稿时间： | 2006-11-02 |
Agency Cost, Growth Opportunity and the Profit Effect of Debt on Listed Company |
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| CHENG Jian-wei. Agency Cost, Growth Opportunity and the Profit Effect of Debt on Listed Company[J]. Finance and Trade Research, 2007, 0(1): 111-114,133 |
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| Authors: | CHENG Jian-wei |
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| Affiliation: | School of Finance, Zhejiang Gongshang Univisity, Hangzhou 310035 |
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| Abstract: | After adopting different indices to divide different blocks, this thesis analyzes the relationship between debt and profit. In state-controlled companies with higher share concentration and higher circulating stock proportion, the negative effect of debt is smaller, while the size of the positive effect of debt maturity structure is inconsistent. |
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| Keywords: | profit agency cost growth opportunity debt |
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