资产负债率

此外，资产负债率、企业所得税率等因素都会影响股东-债权人利益冲突引起的投资行为。

Moreover , debt ratio and income tax rate will also affect firm 's investment behavior arising from stockholder-bondholder conflicts .

实证部分，本文主要用产品市场竞争程度指标，对总资产负债率和长期资产负债率两个指标进行实证分析。

Empirical part , we start the main competition from the products on the total debt ratio , long-term asset-liability ratio and the current asset-liability ratio of three indicators for empirical analysis .

Granger因果检验则表明资产负债率受利率因素的影响。

The Granger examination indicated that the interest rate influenced the capital structure of listed company .

国有股比例、股权集中度分别与资产负债率呈显著U形关系；高管持股比例、企业变现能力、资产抵押价值、经营风险与资产负债率无显著相关性；

The proportion of the state-owned share and the concentration of ownership respectively has a significant correlation with asset-liability ratio in a shape of " U ";

另外，本文发现资产负债率以及股权集中度与CEO更换显著正相关。

Moreover , this study find that CEO turnover decision is related positively to the asset-liability ratio significantly , the same as to the ownership concentration .

其次，通过分析各行业资产负债率与行业销售利润率、行业销售收入之间的Pearson相关关系，检验行业生命周期与融资决策行为的关系。

Secondly , it test the relation of industry lifecycle and financing decision-making by using Pearson correlativity method .

最后结论是：上市公司盈利预测自愿性在一定程度上受公司规模、独立董事的比例以及IPO上市公司的资产负债率的影响。

Final conclusion is : to some extent , listed companies profit forecast reliability is effected by the size of the firm and the forecast interval .

因此，由于利润率和资产负债率均不断下降，ROE不太可能重返信贷危机爆发前的水平。

So , with margins and leverage declining , ROEs are unlikely to return to pre-credit crunch levels .

本文采用资产负债率来反映上市公司的资本结构，分别以财务综合绩效、托宾Q值和单位经济增加值指标来反映上市公司绩效。

Asset-liability ratio is used to describe the capital structure , and the General financial performance , Tobin 's Q and the EVA per capital are used to describe the firm performance respectively .

在财务特征因素的实证研究部分，通过单变量分析和二元Logistic回归分析发现，上市公司的规模SIZE、资产负债率DR以及托宾Q对再融资的影响作用显著。

In the part of empirical research for financial characteristics , the univariate analysis and binary Logistic regression analysis showed that the size of listed companies SIZE , asset-liability ratio DR and the Tobin Q influence great on the refinancing .

此外，信用风险对于长期负债率变动和流动负债率变动的影响虽然不如对资产负债率的影响显著但也在一定程度上与公司的z值呈现出正相关的关系。

And what 's more , the z value also have some positive relation with the companies ' current liabilities rate and long liabilities rate though the relation is not as notable as with the debt-capital ratio .

麦格理（Macquarie）估计，雷普索尔将不得不进行相应减记，使年底集团资产负债率提高400个基点，至42%。

Repsol would then have to write it down , lifting group gearing by 400 basis points to 42 per cent by year-end , Macquarie estimates .

另外，与企业个体特征相关的公司规模、资产负债率与IPO抑价负相关；市场情绪则与IPO抑价正相关；承销商商誉与IPO抑价的关系并不明显。

In addition , the correlation of company size , asset-liability ratio with IPO underpricing is negative ; market sentiment is positively correlated with IPO underpricing ; the relationship between underwriter reputation and IPO underpricing is not obvious .

实证结果显示，在IPO前和IPO后，VC-IPO企业与nonVC-IPO企业之间经营业绩无显著差异，VC-IPO企业资产负债率更低，统计上不显著。

The empirical results show that , from pre-IPO to post-IPO , there is no statistically significant difference in business performance and asset-debt ratio between VC-IPO and non VC-IPO firms .

第二，债务融资效应的综合得分F随资产负债率的上升而上升，到某一临界值以后，F随资产负债率的上升而下降，存在最优资本结构。

Secondly , Comprehensive score F of the financing effect of the debt rises with the rising of the asset-liability ratio . After reaching a certain critical value , F drops with the rising of the rising of the asset-liability ratio , there is optimum capital structure .

接下来利用Kruskal-Wallis检验和LSD检验得出，企业的资产负债率在不同生命周期阶段具有显著的差异。

And it uses the Kruskal-Wallis test and LSD test to examine the financial structure of the enterprise , it presents significant differences in the different life cycle stage .

从IPO前两年到IPO后第一年，联合VC-IPO企业比nonVC-IPO企业经营业绩更好、资产负债率更低，统计上显著；在IPO后第二年，没有显著差异。

Compared with non VC-IPO firms , syndicated VC-IPO firms have statistically significant better operating results and lower asset-debt ratio from pre-IPO to one year after IPO ; and in the second year after the IPO , there is no significant difference .

在解释变量上，采用资产负债率（DAR）来衡量企业的融资结构，并设置经营活动比率（企业的预收款）和筹资活动比率（发行债券和银行借款）来表示融资渠道。

The debt / asset ratio ( DAR ) is used as the scale index of financing structure . Meanwhile the study sets operations ratio ( pre-receivables ) and financing ratio ( issuance of bonds and bank loans ) to indicate the debt channels .

资产负债率对无差别点分析法的完善

Complement of Indifference Analysis by Debt-to - total - assets Ratio

上市公司最优资产负债率的实证研究

The Empirical Research of Listed Companies in the Optimal Asset-Liability Ratio

资产负债率高和扭亏是债务重组准则盈余管理的主要因素。

High debt-to-equity ratio and turn-loss-to-profit are main factors of earnings management .

可转换债券对目标资产负债率动态调整的研究

A Study on Convertible Bond for Dynamic Adjustment of Target Asset-liability Ratio

三是资产负债率较低。

The third , the debt radio to assets is quite low .

负债融资需慎重把握资产负债率

Cautiously Control Asset to liability Ratio while Financing in Debt

资产负债率则表现为既直接与审计费用率相关，又通过资产规模间接与审计费用率相关；

The asset-liability ratio is a direct and indirect factor related to ROF .

不同乡镇卫生院的资产负债率存在一定的差异。

There are some differences between the township hospitals for the asset-liability ratio .

二是企业资产负债率偏低且不稳定。

Secondly , the low rate of corporate assets and liabilities and instability .

资产负债率失真的理论分析

A Theoretical Analysis of Ratio of Assets to Liabilities

优化融资结构，维持合适的资产负债率。

Third , optimize the financing structure to maintain the appropriate assets liabilities ratio .

影响我国工业企业资产负债率变化的因素分析

An Analysis of the Factors Affecting the Changes of China 's Industrial Assets-liability Ratio