Debt Financing Efficiency of Listed Real Estate Companies Based on Entropy

被引：0

作者：

Xie, Chi ^{[1
]}

Zheng, Huikai ^{[2
]}

机构：

[1] Hunan Univ, Coll Business Management, Changsha 410082, Hunan, Peoples R China

[2] Hunan City Univ, Coll City Management, Yiyang 413000, Peoples R China

来源：

2ND INTERNATIONAL CONFERENCE ON COMPLEX SCIENCE MANAGEMENT AND EDUCATION SCIENCE (CSMES 2015) | 2015年

关键词：

Real estate enterprises; Debt financing efficiency; Entropy;

D O I：

暂无

中图分类号：

C93 [管理学]; O22 [运筹学];

学科分类号：

070105 ; 12 ; 1201 ; 1202 ; 120202 ;

摘要：

Based on learning from the relevant research results, we construct the index system of listed real estate companies' debt financing efficiency, including funds, debt financing costs, enterprise value, debt financing structure and financing risk. The Chinese A-share real estate listed enterprises in the Shanghai and Shenzhen Stock Markets are selected as experimental samples and then quantitative measure and analyze their debt financing efficiency by using entropy method. The results suggest that the mean composite score of debt financing efficiency has been lower than 0.2 from 2009 to 2013, however, it has been rising from 2011; Funds rate, the main business revenue growth and receivables to meet with rate are the most important indicators, and the weight of these three indicators is up to 0.7.

引用

页码：137 / 142

页数：6

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