企业风险衡量中的经营杠杆系数研究  

Research on Enterprise Management Risk Based on Business Leverage Theory

作　　者：张萍香[1] 连德亮 ZHANG Ping-xiang;LIAN De-liang(Finance College,Fuzhou University of International Studies and Trade,Fuzhou 350018.China;School of Economics,Fujian Normal University,Fuzhou 350007,China)

机构地区：[1]福州外语外贸学院财金学院,福州350202 [2]福建师范大学经济学院,福州350007

出　　处：《青岛大学学报（自然科学版）》2019年第4期114-117,共4页Journal of Qingdao University(Natural Science Edition)

基　　金：福建省中青年教师教育科研项目"基于商业模式的企业财务分析体系重构路径研究"(批准号：JAS170697)资助

摘　　要：对经营杠杆系数进行广义分析,采用实证分析和案例分析的方法,将管理会计中安全边际的思想应用于经营杠杆系数,分析高低DOL抗价格变动和成本变动的能力,可知,企业经营杠杆系数越大,其抗价格下降和抗成本上升的能力也越小,从而验证经营杠杆系数越大,企业所面临的经营风险越大。研究结果表明,企业应实时预测经营风险,在自身发展的不同阶段,选择不同经营杠杆系数的投资方案。It was generalized the operating leverage factor,using empirical analysis and case analysis method,apply the idea of safety margin in management accounting to the operating leverage coefficient,analyze the ability of high and low DOL to resist price changes and cost changes.According to the research:the greater the leverage factor of business operation,the lower the ability to resist price decline and increase cost resistance,the greater the operating leverage factor,the greater the business risk faced by the firm.The research results show that enterprises should predict business risks in real time,and choose investment plans with different operating leverage factors at different stages of their own development.

关 键 词：经营杠杆系数 经营风险 安全边际 

分 类 号：F275[经济管理—企业管理]