长期债务比率

需要指出的是，有形资产同长期债务比率正相关，而同总债务比率负相关。

Notably , asset tangibility is positively related to the long-term debt ratio and negatively related to the total debt ratio .

控制变量中，盈利能力和流动性与总债务比率、长期债务比率负相关；而公司规模同总债务比率、长期债务比率正相关。

The control variables such as profitability and liquidity are negatively , whereas firm size is positively related to the total debt ratio and the long-term debt ratio .

盈利波动率与总债务比例是负相关关系，而和长期债务比率正相关，其中，盈利波动率与和长期债务比率相关性是显著的。

Earnings volatility is negatively related to the total debt ratio but the relationship is insignificant . Alternatively , earnings volatility is significantly and positively related to the long-term debt ratio .

结果显示，董事会规模，独立董事，以及所有权集中度都会和总债务比率和长期债务比率负相关，而董事会报酬则和总债务比率以及长期债务比率正相关。

The results indicate that board size , outside directors , and ownership concentration are positively ; whereas , director remuneration is negatively related to the total debt ratio and the long-term debt ratio .

长期债务/总资本比率

Aggregate indebtedness to capital ratio Long Term Debt / Capitalization