制造业上市公司负债融资与公司治理关系的实证分析-empirical analysis on the relationship between debt financing and corporate governance of listed manufacturing companies.docxVIP

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制造业上市公司负债融资与公司治理关系的实证分析-empirical analysis on the relationship between debt financing and corporate governance of listed manufacturing companies.docx

制造业上市公司负债融资与公司治理关系的实证分析-empirical analysis on the relationship between debt financing and corporate governance of listed manufacturing companies

Chapter4istheempiricalstudyaboutcorporategovernanceonliabilitiesmarginofthemanufacturing-listedcompany.ThissectionusesChinasmanufacturing-listedcompaniesasasampleandmainlymakesuseoffactoranalysis,multipleregressionanalysisandothermethods.Thepartdoesanempiricalstudyabouttheimpactofcorporategovernanceonliabilitiesmarginandrespectivelystudiesfromequitystructure,boardcharacteristics,controllingpowermarket,productcompetitivemarketandlegalenvironmental.Afterresearch,thispapergetsconclusionsasfollows:equityconcentrationsignificantlynegativelyrelatedtoasset-liabilityratio,insignificantlynegativelytocurrentdebtratio,whileinsignificantlypositivelytolong-termdebtratio;companycontrollingpowersignificantlypositivelyrelatedtoasset-liabilityratioandcurrentdebtratio,whilesignificantlynegativelytolong-termdebtratio;shareholderidentitysignificantlynegativelyrelatedtoasset-liabilityratio,long-termdebtratio,whilesignificantlypositivelytocurrentdebtratio;productscompetitivemarketsignificantlynegativelyrelatedtoasset-liabilityratio,long-termdebtratio,whilesignificantlypositivelytocurrentdebtratio;activitiesofboardandregulatorycommissionsignificantlypositivelyrelatedtoasset-liabilityratio,insignificantlypositivelytolong-termdebtratio,whileinsignificantlynegativelytocurrentdebtratio;sizeofboardandregulatorycommissioninsignificantlynegativelyrelatedtoasset-liabilityratio,significantlynegativelytocurrentdebtratio,whilesignificantlypositivelytolong-termdebtratio;legalenvironmentsignificantlypositivelyrelatedtoasset-liabilityratio,insignificantlypositivelytocurrentdebtratio,whileinsignificantlynegativelytolong-termdebtratio;unpaidstaffrationegativelyrelatedtoasset-liabilityratioandcurrentdebtratio,whilepositivelytolong-termdebtratio,buttheirrelationshipisinsignificant;managementshareholdingratiosignificantlynegativelyrelatedtoasset-liabilityratio,insignificantlynegativelytocurrentdebtratio,whileinsignificantlypositivelytolong-termdebtratio;leadershipstructureinsignificantlypositivelyrelatedtoa

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制造业上市公司负债融资与公司治理关系的实证分析-empirical analysis on the relationship between debt financing and corporate governance of listed manufacturing companies.docxVIP