节能环保行业融资结构对经营绩效的影响  

The influence of financing structure on operating performance in energy saving and environmental protection industry

作　　者：周婷婷[1] 杨孝安[1] 

机构地区：[1]西安工程大学管理学院,陕西西安710048

出　　处：《西安工程大学学报》2015年第5期630-635,共6页Journal of Xi’an Polytechnic University

摘　　要：不同的融资结构会影响企业融资成本和经营决策,进而影响企业的现金流,最终影响企业经营绩效.基于此,通过采用因子分析法与多元线性回归的实证方法,探讨节能环保行业融资结构对经营绩效的影响,优化融资结构,提高经营绩效.得出节能环保行业内源融资、股权融资对企业经营绩效产生正面影响,而债务融资对经营绩效产生负面影响.节能环保行业要提高经营绩效,应该加大内源融资与股权融资,减少债务融资.According to the principle that different financing structure can impact corporate fi- nancing costs and business decisions,which affect the companyrs cash flow,the impact of financing structure on the operating performance in energy saving and environment protection indus- try was studied by using empirical methods of factor analysis and multiple linear regression. The conclusion is that internal financing and equity financing of energy saving and environmen- tal protection industry generate a positive impact on operating performance, debt financing has a negative impact on operating performance. According to the results of this conclusion, enterprises should increase internal financing and equity financing, and decrease debt financing to en hance business performance.

关 键 词：融资结构 经营绩效 股权融资 债务融资 

分 类 号：F230[经济管理—会计学]