创业板企业资本结构及其影响因素分析（毕业学术论文设计）.docVIP

w 单位 经济081班 学号 江西农业大学南昌商学院毕业论文 (经济学专业) 创业板企业资本结构及其影响因素分析 姓 名 专 业 经济学 指导老师 江西农业大学南昌商学院 二0一年十二月 摘要 创业板是主板市场的重要补充，在资本市场上占有重要位置。研究创业板企业尤其是研究其资本结构及其影响因素对充分认识和了解创业板企业以及通过创业板完善资本市场结构具有重要的参考作用。本文以2009 年我国创业板企业的财务数据为样本，对创业板企业的资本结构特点及其影响因素进行了实证分析。实证结果表明，我国创业板企业总体资产负债率较低。进一步验证还表明，创业板企业资产负债率与其企业规模、营运效率及企业成长性呈正相关关系，与其盈利能力负相关。文章研究的目的在于为我国创业板企业融资提供理论和数据支持, 协调资本市场发展，把握创业板企业的本质特征，为创业板市场的健康、持续、快速发展奠定基础。 【关键词】 创业板；资本结构 ；影响因素  Abstract GEM is an important supplement to the Main Board, in the capital market occupies an important position. GEM research is the study of enterprises ,especiallyitscapitalstructure and its influence factors on the full knowledge and understanding of the GEM by GEM companies and improve the capital market structure has an important reference. In this paper, in 2009 Chinas GEM sample of corporate financial data, the GEM capital structure characteristics and factors affecting the empirical analysis. The empirical results show that our companys overall assets and liabilities GEM low. Further validation also shows that the GEM companies with enterprise-scale asset-liability ratio, operational efficiency and business growth was positively correlated, negatively correlated with profitability. The purpose of the article of the GEM for our corporate finance theory and data support, coordination of capital market development, to grasp the essential characteristics of the GEM business for GEM healthy, sustainable and lay the foundation for rapid development. 【Key Word】 GEM Capital Structure Factors  目录 TOC \o 1-3 \h \z \u HYPERLINK \l _Toc303353097 摘要 I HYPERLINK \l _Toc303353098 Abstract II HYPERLINK \l _Toc303353099 1、资本结构概述 1 HYPERLINK \l _Toc303353100 2、资本结构理论阐述 2 HYPERLINK \l _Toc303353101 2.1MM理论 2 HYPERLINK \l _Toc303353102 2.2权衡理论 2 HYPERLINK \l _Toc3033