上市公司资产结构与企业绩效关系的实证研究  

An Empirical Study on the Relation Between Assets Structure and Performance of Listed Companies

作　　者：常颖[1] 孙丽颖[1] 

机构地区：[1]哈尔滨工业大学管理学院,黑龙江哈尔滨150001

出　　处：《中国软科学》2009年第S2期159-165,共7页China Soft Science

摘　　要：本文在对资产结构和企业绩效的相关理论研究分析的基础上,选择资产的分类标准,选取反映企业绩效的主要指标,以具有代表性的5个行业上市公司为研究样本,首先采取了因子分析法提取的因子作为自变量,排除自变量之间存在的多重共线性,再对企业绩效和资产结构进行多元线性回归,将各资产结构变量的平方项引入多元线性回归方程,实现了对二者之间的非线性关系的验证,得出我国上市公司资产结构与企业绩效之间普遍存在的关系类型,并分析了该关系类型的成因。最后,在实证研究结果的基础上,提出了各行业优化资产结构的合理建议,以促进企业优化资产结构提高经济效益。On the base of analyzing related theories of assets structure and company performance,this paper selects criteria for the classification of assets and main indicators of company performance.At first we extract factors through factor analysis method to get independent variable.When we perform multiple-linear regression of assets structure and companies' performance,square-variable of assets structure was introduced to the regression equations.An nonlinear relationship between assets structure and companies' performance was confirmed.Then we come to the conclusion that what kind of relationship there is between the assets structure and performace of listed companies.At last,according to the empirical study result,we propose reasonable suggestions of optimizing assets structure of each industry to improve companies' economic efficiency.

关 键 词：资产结构 企业绩效 资产管理 

分 类 号：F275[经济管理—企业管理] F272[经济管理—国民经济] F224