财务困境对公司业绩的影响研究述评  

The Influence of Financial Distress on the Performance of Corporate

作　　者：薛野[1] 

机构地区：[1]南京审计学院国际审计学院,南京210029

出　　处：《山东工商学院学报》2005年第5期56-60,共5页Journal of Shandong Technology and Business University

基　　金：江苏省哲学社会科学研究"十五"规划基金项目(04EYC042)

摘　　要：目前财务学界对于如何理解财务困境与公司业绩之间的关系尚未达成一致的观点,相关研究可以归纳为“财务困境成本”与“财务困境收益”之争。未来的研究应探索3个方面的问题,即如何剔除经济困境的影响、公司业绩度量指标的选择以及财务杠杆的界定。Financial economists have not reached a consensus on the relationship between financial distress and performance of corporate. Related studies can be classified into two types of viewpoints： the cost of financial distress and the benefits of financial distress. This paper suggests three aspects of future research： how to take economic distress into account, variable selection of corporate performance, and the definition of financial leverage.

关 键 词：财务困境 财务杠杆 公司业绩 

分 类 号：F275[经济管理—企业管理]