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基于文化传播上市公司数据的实证分析表明,公司规模调整的门限效应导致速动比率与盈利能力之间相关关系的复杂性。即使跟中小公司的盈利能力相同,大公司在信息不对称环境下仍然可以凭借规模优势向公众表明其偿还债务的能力,并下调速动比率。虽然大公司在速动资产的机会成本控制方面拥有比中小公司更多的优势,但是一旦遭受较为严重的意外冲击,那么过低的速动比率将使得那些资产规模最大的公司难以偿付短期债务。
The empirical analysis based on the data of listed companies through cultural transmission shows that the threshold effect of the company’s size adjustment leads to the complexity of the correlation between quick ratio and profitability. Even with the same profitability of small and medium-sized companies, big companies can still show the public the ability to repay their debts and reduce the quick ratio under the asymmetric information environment. While large companies have more advantages than small and medium-sized companies in controlling the opportunity cost of quick assets, too low a quick ratio will make it difficult for those with the largest assets to pay short-term debt in the event of a severe accidental shock.