论文部分内容阅读
信息时代下,中小企业在国民经济中发挥着越来越重要的作用,可是其一直面临着融资难和资金短缺的问题。本文将中小企业作为研究对象,选取了2011年中小企业板612家上市公司为样本,研究公司治理对资本结构的影响。实验结果证明,股权集中度、董事会规模、独立董事比例与资产负债率负相关;公司规模与资产负债率正相关;流动比率、速动比率、市盈率与资产负债率负相关。
In the information age, SMEs play an increasingly important role in the national economy, but they have always been faced with the problems of financing difficulties and shortage of funds. In this paper, small and medium enterprises as the research object, select the 2011 SME board 612 listed companies as a sample to study the impact of corporate governance on the capital structure. The experimental results show that ownership concentration, the size of the board of directors and the proportion of independent directors are negatively correlated with the asset-liability ratio. The size of the company is positively correlated with the asset-liability ratio. The liquidity ratio, quick ratio, price-earnings ratio and asset-liability ratio are negatively correlated.