The Relationship between Systematic-risk and Accounting variables of China Logistics Industry

被引：0
|
作者：
Jia Weiying [1 ,2 ]
Chen Baofeng [2 ]
机构：
[1] Beijing Wuzi Univ, Sch Business, Beijing 101149, Peoples R China
[2] China Agr Univ, Sch Management Sci & Engn, Beijing 100084, Peoples R China
来源：
ADVANCES IN MANAGEMENT OF TECHNOLOGY, PT 2 | 2008年
关键词：
Risk Management; Systematic Risk; Multivariate Regression; Accounting variables; Logistics industry;
D O I：
暂无
中图分类号：
K9 [地理];
学科分类号：
0705 ;
摘要：
This paper samples China's 31 listed logistics companies for the period of 2004-2006 and uses multivariate regression to analyze the relationships between systematic risk and seven accounting variables, and two conclusions are drawn. The first one is that the proportion of fixed assets has a significantly positive relationship with systematic risk in logistics industry.; the second one is that firm size and growth are negatively associated with the systematic risk, while liquidity, debt leverage, and dividend payout are not found significantly related to the systematic risk. A paradoxical finding about the relationship between profitability and systematic risk has also been found opposed to the relevant finance theory.
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页码：547 / +
页数：2
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