摘要
对旅游企业债务结构的特征及其经济后果进行了实证分析。结果发现,我国旅游企业的债务期限结构以2003年为拐点,呈现出短期负债逐步下降而长期负债逐步上升的趋势;债务类型结构则呈现出商业信用方式融资所占比重较低的特征。此外,债务期限结构中的短期负债不利于企业业绩提高,这在景区类上市公司中体现得尤为明显;债务类型结构中的银行信用、商业信用的存在对企业业绩提升均起到正面影响。研究结果对于促进我国旅游企业债务结构的优化,提升旅游企业竞争力和促进旅游企业的可持续发展提供相关的理论依据和经验支持。
Though the tourism industry has become one of important industries in China,the entry of foreign tourism enterprises will bring more and more challenges for local tourism firms.So how to promote the sustaining development of our country＇s tourism enterprises has become an important topic for us.This paper makes an empirical study at the point of enterprise＇s debt structure,and the results would be beneficial to the development of local tourism enterprises.This paper takes the samples of listed tourism companies in China,and the study period begins from the year of 2000 and ends in the year 2006.It mainly analyzes the characteristics of debt structure of our country＇s tourism firms and its economic results.Describing Stat.and Regression analysis are engaged in this article.
出处
《旅游论坛》
CSSCI
2008年第6期384-388,共5页
Tourism Forum
基金
国家社会科学基金(项目号:07CJY050)资助
关键词
旅游上市公司
债务期限结构
债务类型结构
tourism listed company
debt maturity structure
debt category structure
