{"title":"非金融类上市公司融资结构与公司绩效的关系","authors":"Gao Yan-ru, Lan Hui, L. Liang","doi":"10.1109/ICMSE.2014.6930369","DOIUrl":null,"url":null,"abstract":"Financing structure is reasonable or not is critical to the company's performance. In this paper, take the relationship between non financial sectors of the financing structure of listed companies and corporate performance as the main object of study, from both theoretical and empirical levels explores the impact of China's non financial sectors financing structure of listed companies on corporate performance. This paper chooses 193 non-financing sectors listed companies of Shanghai and Shenzhen stock exchanges as samples, conducts an empirical test on the relationship between financing structure and corporate governance performance from 2010 to 2012. The results of empirical test show that the equity financing ratio and operating performance of non financial sectors listed companies in China was a significant positive correlation; no significant linear relationship between the endogenous financing ratio and corporate performance; the debt financing ratio and operating performance is negatively correlated.","PeriodicalId":197239,"journal":{"name":"2014 International Conference on Management Science & Engineering 21th Annual Conference Proceedings","volume":"16 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2014-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Relations with non financial listed companies financing structure and corporate performance\",\"authors\":\"Gao Yan-ru, Lan Hui, L. Liang\",\"doi\":\"10.1109/ICMSE.2014.6930369\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Financing structure is reasonable or not is critical to the company's performance. In this paper, take the relationship between non financial sectors of the financing structure of listed companies and corporate performance as the main object of study, from both theoretical and empirical levels explores the impact of China's non financial sectors financing structure of listed companies on corporate performance. This paper chooses 193 non-financing sectors listed companies of Shanghai and Shenzhen stock exchanges as samples, conducts an empirical test on the relationship between financing structure and corporate governance performance from 2010 to 2012. The results of empirical test show that the equity financing ratio and operating performance of non financial sectors listed companies in China was a significant positive correlation; no significant linear relationship between the endogenous financing ratio and corporate performance; the debt financing ratio and operating performance is negatively correlated.\",\"PeriodicalId\":197239,\"journal\":{\"name\":\"2014 International Conference on Management Science & Engineering 21th Annual Conference Proceedings\",\"volume\":\"16 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2014-10-20\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"2014 International Conference on Management Science & Engineering 21th Annual Conference Proceedings\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/ICMSE.2014.6930369\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"2014 International Conference on Management Science & Engineering 21th Annual Conference Proceedings","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICMSE.2014.6930369","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Relations with non financial listed companies financing structure and corporate performance
Financing structure is reasonable or not is critical to the company's performance. In this paper, take the relationship between non financial sectors of the financing structure of listed companies and corporate performance as the main object of study, from both theoretical and empirical levels explores the impact of China's non financial sectors financing structure of listed companies on corporate performance. This paper chooses 193 non-financing sectors listed companies of Shanghai and Shenzhen stock exchanges as samples, conducts an empirical test on the relationship between financing structure and corporate governance performance from 2010 to 2012. The results of empirical test show that the equity financing ratio and operating performance of non financial sectors listed companies in China was a significant positive correlation; no significant linear relationship between the endogenous financing ratio and corporate performance; the debt financing ratio and operating performance is negatively correlated.