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Debt Maturity, Debt Source and Company Performance—Based on 797 Listed Manufacturing Company's Financial Data Test

机译:债务到期日,债务来源和公司绩效—基于797家上市制造公司的财务数据测试

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To achieve the research aim of optimizing the debt financing structure, and enhancing company performance, this paper adopts normative analysis, descriptive statistics analysis and multivariate linear regression analysis method, uses Stata14.0 measuring software, and selects 797 listed manufacturing companies' financial data in Shanghai and Shenzhen between 2010 and 2014, to study the influence of debt maturity, debt source on company performance. The research results show that the listed manufacturing companies' debt financing structure is unreasonable. It relies heavily on current debt whose debt sources are mainly bank loans and commercial credit. Current debt or non-current debt, bank loan, commercial credit, or bonds payable all have negative correlation with company performance. Therefore they are not conducive to improve company performance.
机译:为了达到优化债务融资结构,提高公司绩效的研究目的,本文采用规范分析,描述性统计分析和多元线性回归分析方法,采用Stata14.0度量软件,选择797家上市制造企业的财务数据。研究上海和深圳在2010年至2014年之间的债务期限,债务来源对公司绩效的影响。研究结果表明,制造业上市公司的债务融资结构不合理。它严重依赖于流动债务,其债务来源主要是银行贷款和商业信贷。流动债务或非流动债务,银行贷款,商业信贷或应付债券均与公司绩效负相关。因此,它们不利于提高公司绩效。

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