企業(yè)償債能力分析外文文獻-文庫吧
2025-06-12 08:01 本頁面
【正文】 al leverage without the support, based on this, to select 378 samples from the 500 largest US panies, the researchers found that regardless of whether there is an optimal capital structure, the pany39。s liabilities are directly correlated with growth.Growth is the fundamental guarantee pany solvency, so whether shortterm loans or longterm loans and creditors, as the pany39。s growth as a positive signal, so the listed panies in recent years of growth, the higher its rate and shortterm assets The higher rate of longterm assets and liabilities, total assets and liabilities naturally higher, but the impact on growth of real estate panies listed on a smaller debt ratio (coefficient is small). The risk of firm size and capital structure affect the growth has a similar conclusion, it appears that creditors, especially banks that the pany scale is a measure of credit risk is an important consideration index, the greater the pany size, the more stable cash flow, bankruptcy it is smaller, the creditors are more willing to throw an olive branch largescale enterprises. The actual controller of the listed panies category to total debt ratio of the impact factor of a , indicating that nonstatecontrolled listed pany39。s total assets and liabilities higher than the stateowned holding panies. The reason for this phenomenon may be nonstatecontrolled listed panies pay more attention to control benefits, do not want to dilute their control over equity financing, and therefore more inclined to debt financing, which may also explain the nonstatecontrolled listed panies better use of financial leverage enterprises bigger and stronger impulses. In addition, the actual control of listed panies category shortterm impact on assetliability ratio is a times its impact on longterm debt ratio, which shows the nonstatecontrolled listed panies prefer to take advantage of shortterm debt to expand its operations.Current research o
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