The Determinant Analysis of Capital Structure for Listed Companies in Hebei Province

被引：0
|
作者：
Li, Lin [1 ]
机构：
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing 100044, Peoples R China
来源：
2016 INTERNATIONAL CONFERENCE ON LOGISTICS, INFORMATICS AND SERVICE SCIENCES (LISS' 2016) | 2016年
关键词：
Listed corporations; Capital structure; Factors; Asset-liability ratio;
D O I：
暂无
中图分类号：
T [工业技术];
学科分类号：
08 ;
摘要：
The capital structure remarkably determines the debt paying and refinancing capacity of an enterprise and then influences the future earning level. In this paper, firstly we analyze the conditions and characteristics of the capital structure of 24 listed companies in Hebei Province through the related data from 2006 to 2015. Then, we examine the mainly micro-factors to capital structure by the empirical analysis. The results show that the profitability and the company scale are the major factors that influence the capital structure. Firm size and debt ratio are positively related, meanwhile, profitability is negatively related to debt ratio. In addition, asset structure, growth of company and the level of specialization are all not significantly related to the capital structure.
引用
收藏
页数：5
相关论文
共 50 条
  • [1] Empirical Analysis on Capital Structure of Listed Steel Companies in Hebei Based on Risk Model
    Ding Chao
    Ren Feng
    [J]. STATISTIC APPLICATION IN SCIENTIFIC AND SOCIAL REFORMATION, 2010, : 548 - +
  • [2] Capital Structure as a Determinant of Growth Opportunities in Companies Listed on 83
    Lerner, Arthur Frederico
    Flach, Leonardo
    [J]. REUNIR-REVISTA DE ADMINISTRACAO CONTABILIDADE E SUSTENTABILIDADE, 2022, 12 (04): : 16 - 27
  • [3] A Size of a Company as a Determinant of Capital Structure: Comparison of Listed Companies in the European Union
    Kalisiak, Aneta
    [J]. FINANCE AND SUSTAINABILITY, 2018, : 59 - 67
  • [4] Research on Financial Performance Evaluation of listed companies in Hebei Province
    Li, Xia
    Song, Weiwei
    Li, Guimin
    [J]. 2011 INTERNATIONAL CONFERENCE ON FUTURE COMPUTERS IN EDUCATION (ICFCE 2011), VOL I, 2011, : 359 - 362
  • [5] Capital structure determinants: A sectorial analysis for the Romanian listed companies
    Dragota, Ingrid Mihaela
    Dragota, Victor
    Brasoveanu, Laura Obreja
    Semenescu, Andreea
    [J]. ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2008, 42 (1-2): : 155 - 172
  • [6] The analysis of capital structure of Chinese real estate listed companies
    李鹏雁
    罗庆生
    敖丽峰
    [J]. Journal of Harbin Institute of Technology., 2005, (03) - 294
  • [7] The Credibility Analysis of Accounting Information of Listed Companies in Hebei
    Zang Xiuqing
    Dong Yan
    [J]. COMPREHENSIVE EVALUATION OF ECONOMY AND SOCIETY WITH STATISTICAL SCIENCE, 2009, : 212 - 216
  • [8] Study on Information Disclosure of Environmental Pollution from Listed Companies, Hebei Province
    Li Congxin
    Xu Aihao
    Qu Na
    [J]. COMPREHENSIVE EVALUATION OF ECONOMY AND SOCIETY WITH STATISTICAL SCIENCE, 2009, : 918 - +
  • [9] On the Study of Capital Structure and Governance of Listed Companies
    Zhao, Li-Juan
    Shang, Ji-Wen
    Li, Zhen
    [J]. TECHNOLOGY FOR EDUCATION AND LEARNING, 2012, 136 : 137 - +
  • [10] Determinants of the Capital Structure of Listed Vietnamese Companies
    Dung Thuy Thi Nguyen
    Diaz-Rainey, Ivan
    Gregoriou, Andros
    [J]. JOURNAL OF SOUTHEAST ASIAN ECONOMIES, 2014, 31 (03) : 412 - 431
12345