出版业上市公司的资本结构特征与影响因素研究概要1.doc

J I A N G S U U N I V E R S I T Y 本 科 毕 业 论 文 出版业上市公司的资本结构特征与影响因素研究 The research of characteristics and influencing factors of capital structure of listed companies publishing industry 学院名称： 财经学院 专业班级： 会计1005 学 号： 3110807235 学生姓名： ***** 指导教师姓名： 朱乃平 二零一五年六月摘 要 出版业是我国文化产业中不可或缺的组成部分，满足人们日益增长的文化需求和推动我国精神文明的建设。出版业上市公司的资本结构特征与影响因素的研究能够发现出版业上市公司资本结构特征，找出出版业资本结构的主要影响因素，从而优化和改善出版业上市公司的资本结构，并通过财务杠杆实现企业价值最大化，促进出版业的发展。本文主要通过stata12对出版业2005年至2014年的财务报表数据进行分析，最终得出以下结论：资产变现能力与资产负债率呈负相关关系；公司规模与资产负债率呈正相关关系；盈利能力与资产负债率呈负相关关系；流通A股所占的比重与资产负债率呈正相关关系。这为我们优化出版业上市公司资本结构，提高出版业上市公司的竞争力提供了理论依据。 关键词：资本结构 影响因素 出版业上市公司  Abstract Publishing industry is an integral of China’s cultural industry indispensable to meet the growing cultural needs and promote the construction of spiritual civilization.Research on capital structure and factors affecting the publishing industry companies can find the defect of the publishing industry’s development,analyze capital structural features of listed companies in the publishing industry,and identify the main factors of the capital structure of the publishing industry,with the aim to improve the publishing industry listed company’s capital structure and maximize corporate value through the financial leverage,promote the development of the publishing industry.In this paper,we analyze industrial financial statements’ data from 2005-2014 by stata12,and finally come to the following conclusions: asset liquidity and asset-liability ratio is negatively correlated; company size has a positively correlation with asset-liability ratio;profitability and asset-liability ratio is negatively correlated;the proportion of tradable A shares is positively correlated with asset-liability ratio.This provides a theoretical basis for us to optimize the capital structure of listed companies publishing industry and improve the competitiveness of listed companies in publishing industry. K