上市公司资本结构与公司绩效的实证研究

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1、东北财经大学硕士学位论文上市公司资本结构与公司绩效的实证研究姓名：贾晟坤申请学位级别：硕士专业：金融学指导教师：王振山20071101ABSTRACTTheresearchoftherelationshipbctwogncapitalstfllotureandcorporatep幽加瑚ceistheoutcomeofthedevelopmentofeconomy．Withthedevelopmentofmarketeconomyandthestandardizationofthecompanies

2、’rules，itbecomesthefocusofboththeoreticalandpracticalresearch．Thisarticlehascentered∞therelationsbetweencapital1髓ructureandcorporateperformance．Itfallsintofiveparts：ThefLrStchapterisintroduction,mainlyelaboratedtheresearchaimandthesignificance，andalso

3、limitedthestudyscope．Secondchapterreviewedthecapitalstructuraltheories；Anditalsohascarriedonthebriefintroductiontothedomesticandforeignimportantrelatedrealdiagnosisresearchmaterials．Thirdchapteristherealdiagnosisanalysispart．Throughrealdiagnosisanalys

4、isoftheoverallsampleaswellasthetransportation,realestate,trade，andtheinformationtechnologyprofessionsampleswemanagedtoinspecttherelevancebet：、：veencapitalstructureandcorporateperformance．Fourthchal，terhasmadethesⅢ枷naryandtheexplanationtotherealdiagnos

5、isanalysisoutcomes．Thisarticlehasdrawnfourconclusions：(1)Capitalsmlcmreandcorporateperfb曲锄ceassumetheinversecorrelationrelations；(2)Corporateperformanceanddebtratioinrealestate，transportationandthetradeprofessionassmethequadraticfunctionrelations，whic

6、hindicatedthatcorporatep‘=rfbIm舡Iceandthecapitalstructureassumethenon-linearrelations．Itmeal坞thatthereisamostsuperiordebtratio；O)Theshort-termdebthasamoresubstantialinfluencetothecorporateperformancethanthelong-termdebt；(4)Belowsuperiordebtratio，theco

7、rporateperformancearenotremarkabletothecapitalstructurelchange；Butabovethat,thecorporateperformancetothecapitals{nlcturechange躺remarkable．Thefifthchapterproposedthreepolicies：(1)Strengthengovernmentfunctionofthebankascreditor's；(2)Developthedebentureb

8、ondmarketvigorously；0)Constituteregulationsandsuper“singpoliciesinordertorevel-sofinancingpreference．KeyWords：ListedCompany，CapitalStructure，CorporatePerformanceⅡ东北财经大学研究生学位论文原创性声明本人郑重声明：此处所提交的硕士学位论文《上市公司资本结构与公司绩效的实证研究》，是本人在导师指导下，在东北财经大学攻读博士顾士