中国造纸2026，Vol.45Issue(1)：76-82,7.DOI:10.11980/j.issn.0254-508X.2026.01.009
造纸企业的杠杆效应与风险分析
Leverage Effect and Risk Analysis of Papermaking Enterprises—Taking 10 Listed Companies as Examples
李焕英 1朱睿瑶 2邹燕2
作者信息
- 1. 西南财经大学中国金融研究院,四川 成都,611130
- 2. 西南财经大学会计学院,四川 成都,611130
- 折叠
摘要
Abstract
Taking 10 listed companies in the paper industry as example,this paper selected two representative listed companies from five dimensions which were large comprehensive,large packaging,specialty paper,household paper,and state-owned background as research sample,and selected their audited annual report data from 2014 to 2024,calculated the average value of financial leverage,operating leverage and comprehensive lever-age,and made a detailed analysis based on the relevant financial indicators.The results showed that enterprises with lower leverage coefficient,abili-ties of better debt repayment and operational risk control earn higher profitability,risks of finance,operation and comprehensives were relatively small.At the same time,industry segmentation and scale effect had helped the stable development of listed companies in the paper industry.Finally,this paper put forward some suggestions from three aspects:financing management,capacity control and leverage early warning.关键词
杠杆效应/风险分析/盈利水平Key words
leverage effect/risk analysis/profitability分类
轻工纺织引用本文复制引用
李焕英,朱睿瑶,邹燕..造纸企业的杠杆效应与风险分析[J].中国造纸,2026,45(1):76-82,7.
