| 影响我国家族企业价值因素的实证研究——基于对家族上市公司资本结构深层次的考察 |
| |
| 引用本文： | 王素莲,柯大钢.影响我国家族企业价值因素的实证研究——基于对家族上市公司资本结构深层次的考察[J].山西大学学报(哲学社会科学版),2007,30(4):76-79. |
| |
| 作者姓名： | 王素莲 柯大钢 |
| |
| 作者单位： | 1. 西安交通大学,管理学院,陕西,西安,710049;山西大学,经济与工商管理学院,山西,太原,030006
2. 西安交通大学,管理学院,陕西,西安,710049 |
| |
| 摘 要： | 该文以2005年沪深两市的制造业家族上市公司为研究样本,设定相关变量,利用回归分析方法,对家族上市公司的资本结构以及资本结构的深层因素与企业价值的关系进行了实证研究。实证结果表明:家族企业不存在最优资本结构,而是在一定条件下存在资本结构与企业价值的正相关关系;家族企业的借款比率、家族股东的股权集中度与企业价值相关性不显著。
|
| 关 键 词： | 家族企业 企业价值 资本结构 实证研究 |
| 文章编号： | 1000-5935(2007)04-0076-04 |
| 修稿时间： | 2007年4月16日 |
An Empirical Study on Influential Factors of Family Business Value in China——A Profound Observation about the Capital Structure of Family Listed Company |
| |
| WANG Su-lian,KE Da-gang.An Empirical Study on Influential Factors of Family Business Value in China——A Profound Observation about the Capital Structure of Family Listed Company[J].Journal of Shanxi University(Philosophy and Social Sciences Edition),2007,30(4):76-79. |
| |
| Authors: | WANG Su-lian KE Da-gang |
| |
| Abstract: | This paper established relative variables based on sample of family listed company in the manufacturing in Shanghai and Shenzhen Stock Exchanges,and the empirical study was analyzed according to relation of the capital structure and the profound factors of capital structure with the business value on using method of regression analysis.The results showed as follows: there was not the optimal capital structure,and positive correlation between capital structure and business value in family business;there were no remarkable relationship between the loan ratio and equity concentration ratio of family business and the family business value. |
| |
| Keywords: | family business business value capital structure empirical study |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
|
