摘要
信息技术业是新兴战略行业之一,是经济转型的重要一环。文章通过对2014～2016年行业上市公司数据,并同时引入市场化程度变量来研究融资结构与企业绩效之间的区域性差异,通过研究分析为相关行业的融资方式提供相关理论支持。通过实证研究发现,资产负债率与公司绩效成反比,财务杠杆没有充分发挥作用;短期负债与长期负债对企业绩效都有负向影响。相对于外部融资而言,企业更倾向内部融资。区域经济差异条件下,不同的融资结构对公司绩效有差异影响。结论表明,改善融资结构有助于提高公司绩效,但要考虑企业所处的经济环境。
IT is one of the emerging strategic industries and an important part of economic transformation in China. In this paper,the regional differences between financial structure and corporate performance are studied through the data of listed companies in theindustry from 2014 to 2016 and the introduction of the variable of marketization degree so as to provide the relevant theoretical supportfor the financial methods of related industries by research and analysis. Through the empirical research, it is found that the assetliabilityratio is inversely proportional to the corporate performance, and the financial leverage is not fully playing its role, both shorttermand long-term liabilities have negative effects on the corporate performance. Compared with external financing, the enterprises aremore likely to internal financing, and different financial structures have different effects on corporate performance under the conditionof regional economic difference. The conclusion shows that the improvement of financial structure is helpful to promote the corporateperformance, but the economic environment should be considered.
作者
刘成刚
LIU Cheng-gang(＂ Internet ＋ Culture ＂Management Research Center in Huangshan University,Huangshan,Anhui,245000,China)
出处
《红河学院学报》
2018年第6期124-128,共5页
Journal of Honghe University
基金
安徽高校人文社会科学研究重点项目:供给侧改革背景下的安徽省特色小镇发展之路研究(SK2018A0385)
关键词
市场化程度
信息技术业
融资结构
企业绩效
Marketization
IT industry
Financing structure
Corporate Performance.
