Research on the Relationship between Capital Structure and Enterprise Value------Empirical Analysis based on the Listed Firms of PRC

摘要：

A multi-linear regression model is established between measurement indexes of capital structure and enterprise value,analyzing the relationship between capital structure and enterprise value on the manufacturing listed firms of the PRC.According to the analysis,we can draw a conclusion: capital structure(asset-liability ratio),interior structure of debt capital(long-term loan ratio,short-term loan ratio)and interior structure of equity capital(the proportion of state-owned shares,the proportion of corporate shares,concentration degree of stockholders right) all have effects on enterprise value.

关键词： Capital Structure Enterprise Value Empirical Analysis price-net-asset-ration asset-liability ratio

作者: LIU Jian-yong LI Yi-rui

作者单位: School of Management,China University of Mining and Technology Xuzhou,Jiangsu 221008 Associated Middle School,China University of Mining and Technology Xuzhou,Jiangsu 221008

会议类型: 国际会议

会议名称: 2007 International Conference on Management Science and Engineering(2007管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 1523-1528

在线出版日期: 2007-08-20（万方平台首次上网日期，不代表论文的发表时间）