航运企业筹资组合选择影响因素分析  

作　　者：李亚军[1] 杨忠振[1] 

机构地区：[1]大连海事大学交通运输管理学院

出　　处：《企业经济》2011年第6期106-108,共3页Enterprise Economy

摘　　要：航运企业资金运用特点是长期资金投资回收期长,而短期流动资金周转数量大。长短期资金使用差异形成了不同的航运企业的筹资组合模式。本文采用多元线性回归方法,以我国上市航运企业为研究样本,分析了影响航运企业筹资组合选择的主要因素。结果表明,固定资产比重、短期贷款利率提高使得航运企业短期负债比重上升,而汇率、财务费用因素提高使得企业短期负债比重下降。The characteristics of capital uses of the shipping companies is that the recovery term of long-term investment is long and the amount of short-term flow capital is large.The difference between long-term capital and short-term capital has formed the models of financing combination of different shipping companies.The paper applies the multiple linear regression method and takes the listed shipping companies as sample to analyze the main factors influencing financing combination alternatives of the shipping companies.The results have showed that the increasing of the fixed assets proportion and the interest rate of the short-term loan can increase the proportion of the short-term debts of the shipping companies,while the increasing of the exchange rate and the financial expenses can decrease the proportion of the short-term debt of the shipping company.

关 键 词：航运企业 筹资组合 多元线性回归 

分 类 号：F550.1[经济管理—产业经济]