汽车制造业上市公司资本结构与财务绩效关系研究  

Research on the Correlation between Capital Structure and Financial Performance of Chinese Automobile Manufacturing Listed Companies

作　　者：陈一鸣[1] 龚文斌 贺正楚[1] Yi-ming CHEN Wen-bin GONG Zheng-chu HE(Changsha University of Science ＆ Technology, Changsha 410114, China)

机构地区：[1]长沙理工大学经管学院,湖南长沙410114

出　　处：《经济数学》2017年第3期14-20,共7页Journal of Quantitative Economics

基　　金：国家社科基金项目(12BJY070;11AJL008);湖南省社科基金项目(13YBA017;16YBG005);教育部人文社科研究项目(13YJC790160);国家软科学研究计划项目(2014GXS4D136);湖南省企业管理与投资基地研究课题(12JDZD01);长沙市经信委委托课题

摘　　要：探讨了我国汽车制造业上市公司资本结构对财务绩效的影响.对汽车制造业上市公司资本结构与财务绩效相关数据进行了描述性统计分析,对资本结构和财务绩效综合因子之间的关系进行了因子分析和回归分析.结果表明:汽车制造业上市公司资产负债率与财务绩效不显著负相关,流动负债率与财务绩效显著负相关,股权集中度与财务绩效不显著正相关.并针对性地提出了对策:合理降低资产负债率和流动负债率、适度提高股权集中度、发展多元融资.The influence of capital structure on financial performance in Chinese automobile manufacturing listed compa- nies was discussed.The related data of capital structure and financial performance of listed companies in automobile manufactur- ing industry was analyzed.Factor analysis and regression analysis were carried out on the relationship between capital structure and financial performance comprehensive factors.The results show that there is no significant negative correlation between asset liability ratio and financial performance of the listed companies in the auto manufacturing industry, financial performance is sig- nificantly negatively related to the current debt ratio and is not significantly positively related to the concentration of ownership. Countermeasures are put forward：reducing asset-liability ratio and current liability ratio reasonably, increasing equity concentra- tion modestly, developing diversified financing.

关 键 词：财务管理 财务绩效 SPSS 资本结构 汽车制造业上市公司 

分 类 号：O212[理学—概率论与数理统计]