我国体育上市公司融资结构分析  

Financing Structure of Chinese Sports Listed Companies

作　　者：蔡平原 杨海燕 王相飞[3] CAI Pingyuan;YANG Haiyan;WANG Xiangfei(Graduate Dept., Wuhan Sports Univ., Wuhan 430079, China;Dept. of Economics and Management, Wuhan Sports Univ., Wuhan 430079, China;Periodical Dept., Wuhan Sports Univ., Wuhan 430079, China)

机构地区：[1]武汉体育学院研究生院,湖北武汉430079 [2]武汉体育学院经济与管理学院,湖北武汉430079 [3]武汉体育学院期刊社,湖北武汉430079

出　　处：《体育成人教育学刊》2020年第3期29-34,共6页Journal of Sports Adult Education

基　　金：国家社会科学基金项目(16BTY055)。

摘　　要：通过数据统计的方法,对我国13家体育上市公司的融资结构进行分析研究,结果显示:我国体育上市公司的融资结构近年来总体呈现出外源融资占比递增、内外源融资结构趋向均衡的特点,但是个别公司仍存在融资结构不稳定、过度依赖单一融资方式和债权融资占比较低的问题。这些问题的出现与企业经营管理不善、金融机构贷款门槛高、体育上市公司盈利模式单一和创新水平较低等有关。基于此,分别从企业、金融机构和政府三方面提出加快企业转型升级、加大对体育上市公司的贷款支持、加强政策支持和建立高水平信用评级体系等策略。The financing structures of 13 sports listed companies in China are analyzed and studied with the method of data statistics.The results show that the financing structure of sports listed companies in China has the characteristics of increasing proportion of external financing in recent years and the balanced financing structure of internal and external sources.Some companies have the problems of unstable financing structure,over-reliance of certain financing method and low debt financing.These problems are related to the poor management of enterprises,the high threshold of loan for financial institutions,the single profit model of sports listed companies and the low level of innovation.Based on this,the paper proposes to speed up the transformation and upgrading of enterprises,increasing loan support to sports listed companies,strengthening policy support and establishing a high-level credit rating system from the three aspects of enterprise,financial institution and government.

关 键 词：体育上市公司 融资结构 融资方式 外源融资 内源融资 债权融资 

分 类 号：G80-05[文化科学—运动人体科学]