Study on the Correlation Between Capital Structure and Corporate Performance of Small and Medium Enterprises in Hebei Province
This paper bases on the current capital structure and corporate performance of small and medium enterprise (SME) in Hebei Province, uses debtto-asset ratio(DAR) to reflect the companys capital structure, ownership concentration (X)to represent the equity structure of enterprises, and return on equity (ROE) as the indicator for corporate performance. The paper uses data from 1998 -2008 and conducts and empirical analysis on the correlation between capital structure and corporate performance in the perspective of the overall average development level of SME in Hebei Province. Its concluded from the analysis that debt-to-asset ratio and ownership concentration are both positively correlated to corporate performance. Based on this conclusion, the paper proposes relevant strategies and policies suggestions for the enterprises development.
Small and medium enterprise Capital structure Performance
XU Ye WANG Lijuan
Shijiazhuang University of Economics, China, 050031
国际会议
海口
英文
450-455
2010-11-26（万方平台首次上网日期，不代表论文的发表时间）