基于路径依赖的资产结构优化研究  

The Path-Dependence Studies of Optimization in Assets Structure

作　　者：刘百芳[1] 隋立秋[2] 周欣雨[1] 

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

出　　处：《商业研究》2011年第9期158-163,共6页Commercial Research

摘　　要：本文采取规范理论分析和面板数据模型分析方法,分析了企业的资产结构优化路径。研究结论表明:企业资产结构的优化呈现路径依赖的特征,企业的资产结构既具有动态的特征,又依赖于公司管理层对资产的收益性和流动性的权衡,对面板数据模型的相关检验增强了研究结论的稳健性。In this paper,two methods such as normal analysis and panel-data model analysis are used to analyze deeply the path of optimization in corporate assets structure.As it shown in study conclusions,path-dependence is the character of optimization in corporate assets structure.Enterprise assets structure not only is dynamic,but also depended on the balance of profitability and mobility made by managers of enterprise.Tests on panel-data models show the robustness of the conclusions of the studies.

关 键 词：路径依赖 权衡系数 固定效应 

分 类 号：F832.21[经济管理—金融学]