摘要
为提高我国资本市场运行效率,改善我国公司治理结构,选取研究样本为2009年沪深300指中的沪市180家上市公司为研究对象进行实证分析。结论表明:上市公司资产负债率与股权集中度负相关;上市公司资产负债率与"四大"出具审计意见正相关;资本结构的变化与独立董事比重相关性不显著;上市公司资产负债率与企业价值高度显著且正相关;上市公司股权集中度对企业价值的影响不显著;"四大"出具的审计报告对企业价值影响表现为高度显著且正相关,独立董事占董事会比重对企业价值相关性不明显。
In order to improve the operating efficiency of China＇s capital market and improve our corporate governance structure, the CSI 300 fingers in 180 listed companies in China＇s A shares Shanghai Stock Exchange were studied using Eviews software. Empirical study indicated that List ted. posi and corn ed companies the rate of assets and liabilities and equity concentration are negatively correla- Listed companies assets liabilities ratio and the＂ big four＂ issued by the audit opinions are tively correlated. No significant correlation was found between the change of capital structure independent directors. A great significant positive correlation was identified between listed panies＇ assets liabilities ratio and company＇s value. The influence of listed companies＇ equity concentration on company value is not significant. ＂Big Four＂ audit reports and its influence on the company value are highly positively correlated; the correlation between independent directorsr proportion and the company value is not obvious.
出处
《湖北工业大学学报》
2012年第3期44-48,共5页
Journal of Hubei University of Technology
关键词
资本结构
治理结构
企业价值
capital structure, governance structure
company value
