摘要
通过对我国上市公司财务杠杆指标的实证分析,研究了公司财务杠杆与公司基本面之间的相关关系。文中选取2003年至2005年沪市和深市部分上市公司为研究对象,运用一元和多元回归分析。考察了财务杠杆与净资产收益率、每股收益、总资产收益率、Tobin’s Q值的相关性。
This paper makes an empirical study of the financial leverage of Chinese listed companies to offer an explanation of the correlation between the financial leverage of companies and their basic situations. Taking companied listed in Shanghai and Shenzhen stock markets Furong 3003 to 2005 as samples companies, this paper investigates financial leverage with the yield of equity, the income for each share, the yield of assets and Tobin＇s Q by unitary regression analysis and multiple regression analysls.
出处
《西南农业大学学报（社会科学版）》
2007年第1期73-77,共5页
Journal of Southwest Agricultural University:Social Science Edition
