上市公司负债结构与经营业绩的相关性研究毕业论文.docVIP

毕业论文 （20_ _届） 上市公司负债结构与经营业绩的相关性研究 摘 要 负债融资是企业的主要融资手段之一，而负债结构集中反映了企业的负债状况，调节企业负债结构是企业财务管理的一项重要内容。本文首先分析了负债结构和经营业绩的含义、构成和影响因素，剔除选择部分2006-2009年沪、深两市上市公司的数据，分析其负债结构现状和原因，然后以2006-2009年上海证券交易所与深圳证券交易所的上市公司家的股票为样本资料,运用回归分析对公司负债结构与经营业绩关系进行分析论证，着重检验了上市公司流动负债和长期负债对经营业绩的影响的显著性。对各年的企业财务数据进行分析后的结果显示，无论是负债期限结构，还是负债类型结构都存在显著的差异性：净资产利润率和负债比例不存在相关性；净利润和负债比例存在相关性。研究结论对理论和实践都具有重要的现实意义。 关键词：Abstract Debt financing is one of enterprises main financing methods, but was in debt the structure concentrated reflection enterprises debt condition, the adjustment enterprise debt structure was a business finance management important content. This article has first analyzed the debt structure and the operating results meaning, the constitution and the influencing factor, on the rejection choice part 2006-2009 years, the deep two market city companys data, analyzes its debt structure present situation and the reason, then take 2006-2009 year Shanghai stock market and Shenzhen stock markets To be listeds stock as the sample material, is in debt the structure using the regression analysis to the company and the operating results relations carries on the analysis proof, examined to be listed current liability and the long-term debt emphatically to the operating results influence significance.Carries on the analysis after each years business finance data the result showed that regardless of being the debt deadline structure, is in debt the type structure to have the remarkable difference: The net assets profit margin and the debt proportion do not have the relevance: Net profit and debt proportion existence relevance. The research conclusion has the vital practical significance to the theory and the practice. Keywords: Debt structure; Operating results; Current liability ratio; Equity-debt ratio; Financing structure 目 录 1 负债结构与经营业绩的相关理论 1 1.1 负债结构的含义及其影响因素 1 1.2 经营业绩含义及其构成 1 1.3 影响经营业绩的因素 3 2 上市公司负债结构现状及原因分析 4 2.1 短期负债比重较大 4 2.2 银行借款比例逐步下降 5 3 上市公司负债结构与经营业绩实证研究 7 3.1 样本选取与数据来源 7 3.2 变量选取 9 3.2.1 上