中国石油大学学报（社会科学版）Issue(1)：1-5,5.
石油石化上市公司资本结构影响因素实证研究
An Empirical Study of Influencing Factors of Capital Structure of China's Petroleum and Petrochemical Listed Companies
摘要
Abstract
Currently capital structure problems of petroleum and petrochemical listed companies involve high of asset-liability ratio and ownership concentration in some companies. The 2010-2012 data are selected as a sample and factor analysis and multiple stepwise re-gression analysis are used with empirical results showing that cash flow capacity factor F1 and growth factor F4 are negatively related to asset-liability ratio and size factor F2 and asset-liability ratio are related. Based on the result of empirical analysis, attention should be paid to cash flow capacity and size and growth of petroleum and petrochemical companies so as to optimize these companies' capital structure.关键词
石油石化上市公司/资本结构/影响因素Key words
petroleum and petrochemical listed companies/capital structure/influencing factors分类
管理科学引用本文复制引用
张彦明,付会霞,丰歆竹,孙彦彬..石油石化上市公司资本结构影响因素实证研究[J].中国石油大学学报（社会科学版）,2014,(1):1-5,5.基金项目
国家社科基金一般项目(12BJY076) （12BJY076）
黑龙江省哲学社会科学规划项目(11E125) （11E125）
黑龙江省“十二五”教育科学研究规划课题(HGJXH B2110149,HGJXH C110175) （HGJXH B2110149,HGJXH C110175）
黑龙江省教育厅教育教学“十二五”规划课题(GBC1212014) （GBC1212014）
