基于面板模型的企业资产结构优化引致效应研究  

Study on Incurrence-effect of Firm Asset Structure Optimization Based on Panel Model

作　　者：隋立秋[1] 刘百芳[2] 

机构地区：[1]中央财经大学会计学院,北京100081 [2]北京语言大学国际商学院,北京100083

出　　处：《商业研究》2010年第8期10-15,共6页Commercial Research

摘　　要：通过面板数据模型,检验了资产结构优化的引致效应。实证结论支持资产结构优化具有引致效应:在选定的样本内,引致效应表现为收益效应;资产结构的变化量对引致效应的作用较大;企业的资本结构及其变化量对收益效应有显著的直接影响;通过约束资产结构的优化调整,企业的资本结构及其变化量对收益效应有显著的间接影响。Incurrence-effect of firm asset structure optimization has been analyzed in this article by panel model.Incurrence-effect supported by positive conclusion has shown in the course of firm asset structure optimization：in the selected samples,incurrence-effect shows as income effect,and is influenced much by the change of asset structure;company＇s capital structure and its variation has direct influence on income effect;company＇s capital structure and its variation has indirect influence on income effect by constraining the optimization of firm asset structure.

关 键 词：引致效应 面板数据 收益效应 中间变量 

分 类 号：F273.4[经济管理—企业管理]