企业特征与再融资方式选择——来自中国上市公司2007-2015年的经验数据

发布时间：2018-03-07 18:07

  本文选题：企业特征　切入点：股权融资　出处：《经济问题》2017年08期 　论文类型：期刊论文

【摘要】：企业特征因素会影响上市公司的再融资方式选择。选取2007~2015年间实施增发、配股、可转债的最新样本数据,运用独立样本T检验,构建逻辑回归模型,分析我国上市公司再融资方式的影响因素。研究表明:成长性高、营运能力好的上市公司倾向股权再融资;偿债能力强、盈利性好又注重控制权收益的上市公司倾向可转债再融资;公司成长性、偿债能力、盈利能力和股权结构对再融资方式的选择影响十分显著。
[Abstract]:Enterprise characteristics will affect the choice of refinancing methods of listed companies. Selecting the latest sample data from 2007 to 2015, using independent sample T test to build a logical regression model. This paper analyzes the influencing factors of refinancing mode of listed companies in China. The research shows that the listed companies with high growth and good operating ability tend to refinance by equity, and have strong solvency. The listed companies which are profitable and pay attention to the income of control tend to refinance on convertible bonds, and the growth, solvency, profitability and equity structure have a significant influence on the choice of refinancing methods.
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