金融发展水平、资本结构与企业风险承担——基于制造业上市公司的实证研究

发布时间：2018-03-20 00:35

本文选题：企业风险承担　切入点：资本结构　出处：《财会通讯》2017年18期 　论文类型：期刊论文

【摘要】：本文以2004-2015年沪深A股的541家制造业上市企业为样本,研究了资本结构、金融发展水平与企业风险承担的关系。研究结果表明:资产负债率与企业风险承担正相关,金融发展水平与企业风险承担正相关,但在对企业风险承担促进作用方面,资产负债率与金融发展水平存在替代关系。
[Abstract]:In this paper, 541 listed manufacturing companies in Shanghai and Shenzhen A shares from 2004 to 2015 are taken as samples to study the relationship between capital structure, financial development level and risk assumption. The results show that the asset-liability ratio is positively related to the risk assumption of enterprises. The level of financial development is positively related to the risk bearing of enterprises, but there is a substitute relationship between the ratio of assets and liabilities and the level of financial development.
【作者单位】：暨南大学经济学院;
【分类号】：F272.3;F425;F832.51

【相似文献】