上市公司资产负债率行业影响的实证研究——对已有研究结论的质疑
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财经研究 2006 年 第 32 卷第 06 期, 页码：55 - 65
摘要
参考文献
摘要
文章从行业的角度对沪深A股上市公司的资产负债率进行了较为深入的研究。与国内一些学者的研究结果不同,文章研究发现:(1)行业对资产负债率具有显著影响,但这种影响的力度相当微弱;(2)资产负债率的行业差异并不具有普遍性;(3)同一行业内的资产负债率并不具有相似性,且行业内的差异要大于行业间的差异;(4)上市公司并不存在最优的行业资产负债率;(5)大部分行业的资产负债率与其行业特性不符。
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[2]David F Scott,John D Martin.Industry influence on capital structure[J].Financial Man-agement,1975(Spring):67~73.
[3]J Markham Collins,William S Sekely.The relationship of headquarters country and industryclassification to capital structure[J].Financial Management,1983(Autumn):45~51.
[4]Kathleen M Kahle,Ralph A Walking.The impact of industry classifications on financial re-search[J].Journal of Financial and Quantitative Analysis,1996,31(3):309~335.
[5]Lee Remmers,et al.Industry and size as debt ratio determinants in manufacturing inter-nationally[J]Financial Management,1974(Summer):24~32.
[6]Robert M Bowen,et al.Evidence on the existence and determinants of inter-industrydifferences in leverage[J].Financial Management,1982(Winter):10~20.
引用本文
董逢谷, 袁卫秋. 上市公司资产负债率行业影响的实证研究——对已有研究结论的质疑[J]. 财经研究, 2006, 32(6): 55–65.
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