摘要
以深圳中小企业板113家上市公司2006年年报数据为样本,分析了中小企业板上市公司的融资情况。研究结果表明:中小企业板上市公司资产负债率偏低,但融资顺序符合融资优序理论,即首选内部融资,其次选择银行借款,最后选择股权融资;在银行借款中,更加偏好短期借款。
The author regards 2006 fiscal year data of 113 listed firms of SMEB as a research sample, and analyzes financing status of listed firms of SMEB,drawing the following research conclusions： the listed firms of SMEB have a low asset-liability ratio,but their financing order accords with pecking order theory,that is to say,firstly selecting interior financing, secondly bank loan, finally stock right financing, and preferring short-term bank loan.
出处
《科技与管理》
CSSCI
2008年第5期43-45,共3页
Science-Technology and Management
基金
江苏省高校哲学社会科学基金(06SJD630059)
中国矿业大学青年科研基金(2006A025)
关键词
中小企业板
融资优序理论
经验研究
small and medium enterprise board（SMEB）
pecking order theory
empirical study
