电力行业上市公司资本结构与公司绩效的实证分析  

The Empirical Analysis on Capital Structure and Firm Performance of the Listed Companies in the Electric-power Industry

作　　者：张佳林[1] 杜颖[1] 李京[1] 

机构地区：[1]湖南大学工商管理学院,湖南长沙410082

出　　处：《湖南大学学报（社会科学版）》2003年第3期31-33,共3页Journal of Hunan University(Social Sciences)

基　　金：湖南省自然科学基金资助项目(01JJY2124);湖南省科委软科学课题(00ZRN2018).

摘　　要：采用截面分析法和Pearson相关系数,以我国电力行业的上市公司为例,对其资本结构和公司绩效的关系进行了实证研究,得出了两者正相关的结论。并针对我国所有上市公司资本结构的特点及普遍存在的问题,提出了应大力发展企业债券市场,鼓励适当的股票回购,完善信用评级制度等一系列建议。This paper does an empirical analysis on the relation between capital structure and firm performance of the electric-power listed companies. The analysis employs section analyzing method and Pearson correlation coefficient. Finally, it draws a conclusion that the capital structure and the firm performance are positively related. According to the characteristics of all the listed companies and the problems existing universally, the authors also put forward a series of suggestions such as greatly developing bond market, encouraging appropriate stock repurchase and improving credit evaluation system.

关 键 词：资本结构 公司绩效 净资产收益率 负债比率 

分 类 号：F830.91[经济管理—金融学]