摘要
论文以我国制造业上市公司的相关统计数据为研究对象对不同财务杠杆水平下资本结构的影响因素进行回归分析,结果发现,在不同的负债水平下,企业的盈利能力、公司规模、资产的有形性和产生内部资源的能力在不同分位数水平下对于企业资本结构的影响程度不同,避免了传统的OLS回归只能获取一组系数的估计值误差。
This paper takes the relevant statistical data of listed companies in China's manufacturing industry as the research object to carry out regression analysis on the factors affecting the capital structure under different financial leverage levels.It is found that under different debt levels,the profitability of the company,the size of the company,The tangible nature of assets and the ability to generate internal resources have different degrees of influence on the capital structure of enterprises under different levels.It avoids the traditional OLS regression and can only obtain the estimated value error of a set of coefficients.
作者
常青青
Chang Qingqing(School of Business,Xi'an International Studies University,Xi'an 710128,China)
出处
《江苏商论》
2019年第12期118-121,共4页
Jiangsu Commercial Forum
关键词
资本结构
影响因素
分位数回归
capital structure
influencing factors
quantile regression
