摘要
以广东省和吉林省146家上市公司作为研究样本,我们对两省上市公司融资结构及其影响因素进行比较研究。发现:两省的融资结构存在着显著的差异,总体来说广东省更偏好于债务融资,并且广东省上市公司的长期债务比率也要显著高于吉林省;在影响因素方面,企业的实际所得税税率和现金持有率对两省上市公司的融资结构有着不同的影响。
Taking the 146 listed companies in Guangdong Province and Jilin Province as the study sample,we made a comparative study of the financing structure and its influencing factors of the listed companies in two provinces.We find： there are significant differences in the financing structure of the two provinces and Guangdong Province prefers debt financing,and long-term debt ratio of listed companies in Guangdong Province is also significantly higher than in Jilin Province;in terms of influencing factors,the tax rates of actual income tax and cash holdings rates have different effects on the financing structure of the listed companies.
出处
《吉林省经济管理干部学院学报》
2012年第3期17-22,共6页
Journal of Jilin Province Economic Management Cadre College
基金
吉林省哲学社会科学基金项目"长吉图地区与珠三角地区的高新技术企业融资问题区域性比较研究"中的部分研究成果(2011B082)
关键词
融资结构
债务融资
比较研究
Financing structure
Debt financing
Comparative study
