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本文选取113家A股房地产上市公司近三年的财务数据作为研究样本,运用线性回归的方法对三者之间的关系进行实证研究。结果表明:对于资产负债率水平在70%以下的房地产公司,可以认为资产负债水平对于公司治理具有正效应,若超过70%那么两者之间的相关性则不那么显著;负债结构比率对公司绩效具有显著的负相关性,较低的流动负债率和较高的长期负债率可以有效的提升公司业绩。
This paper selects 113 A-share real estate listed companies for nearly three years of financial data as a sample of the study, the use of linear regression method to empirical study of the relationship between the three. The results show that for real estate companies whose debt-to-asset ratio is below 70%, the level of assets and liabilities can be regarded as having positive effect on corporate governance. If it exceeds 70%, the correlation between the two is not significant. The ratio of debt structure to corporate Performance has a significant negative correlation, the lower the current debt ratio and a higher long-term debt ratio can effectively enhance the company’s performance.