本文關(guān)鍵詞： 石油石化上市公司 資本結(jié)構(gòu) 影響因素　出處：《東北石油大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：石油石化產(chǎn)業(yè)是國(guó)家基礎(chǔ)性、戰(zhàn)略性的支柱產(chǎn)業(yè)，對(duì)促進(jìn)國(guó)家經(jīng)濟(jì)發(fā)展、維護(hù)社會(huì)穩(wěn)定、保證國(guó)家安全和提高國(guó)家綜合競(jìng)爭(zhēng)力有著重要的戰(zhàn)略意義。通過(guò)對(duì)石油石化上市公司的資本結(jié)構(gòu)特征進(jìn)行分析，以及對(duì)影響石油石化企業(yè)資本結(jié)構(gòu)的因素與有關(guān)理論相結(jié)合，進(jìn)行實(shí)證研究，得出相應(yīng)的研究結(jié)果，最后根據(jù)實(shí)證結(jié)果提出相應(yīng)的對(duì)策和建議。同時(shí)也為石油石化上市公司資本結(jié)構(gòu)的優(yōu)化提供參考，進(jìn)而達(dá)到促進(jìn)我國(guó)經(jīng)濟(jì)增長(zhǎng)的目的。 文章首先介紹了資本結(jié)構(gòu)的基本理論,為后續(xù)研究奠定理論基礎(chǔ)。隨后介紹了石油石化上市公司資本結(jié)構(gòu)的現(xiàn)狀,總結(jié)我國(guó)石油石化公司基本發(fā)展情況和資本結(jié)構(gòu)特點(diǎn)，即資產(chǎn)負(fù)債率水平偏高，負(fù)債結(jié)構(gòu)不合理，股權(quán)集中度高并且流動(dòng)性逐年提高。隨后定理論基礎(chǔ)。 2010-2012年的數(shù)據(jù)作為樣本，采用因子分析方法和多元逐步回歸法進(jìn)行實(shí)證研究；在宏觀2001-2010年的數(shù)據(jù)作為樣本，采用強(qiáng)行進(jìn)入多元回歸的方法進(jìn)行實(shí)證研究。實(shí)證結(jié)果表明通貨膨脹率與資產(chǎn)負(fù)債率呈正相關(guān)關(guān)系；GDP增長(zhǎng)率與資產(chǎn)負(fù)債率呈負(fù)相關(guān)關(guān)系。最后,依據(jù)本研究實(shí)證分析結(jié)果有針對(duì)性地提出優(yōu)化我國(guó)石油石化上市公司資本結(jié)構(gòu)的建議與對(duì)策,以期為公司管理層提供有益的參考和借鑒。
[Abstract]:Petroleum and petrochemical industry is the country's basic strategic pillar industry to promote national economic development and maintain social stability. It is of great strategic significance to ensure national security and improve the comprehensive competitiveness of the country. This paper analyzes the capital structure characteristics of the listed companies in petroleum and petrochemical industry. And the factors that affect the capital structure of petroleum and petrochemical enterprises are combined with relevant theories, and the corresponding research results are obtained. Finally, according to the empirical results, the corresponding countermeasures and suggestions are put forward. At the same time, it also provides a reference for the optimization of the capital structure of the petroleum and petrochemical listed companies, and then achieves the purpose of promoting the economic growth of our country. Firstly, the paper introduces the basic theory of capital structure, which lays a theoretical foundation for further research. Then it introduces the present situation of capital structure of listed companies in petroleum and petrochemical industry. This paper summarizes the basic development and capital structure characteristics of petroleum and petrochemical companies in China, that is, the level of asset-liability ratio is on the high side, the debt structure is unreasonable, the ownership concentration is high and the liquidity is increasing year by year. The data from 2010 to 2012 are used as samples, using factor analysis method and multiple stepwise regression method to carry out empirical research. In the macro-2001-2010 data as a sample, forced into the multiple regression method for empirical research. The empirical results show that the inflation rate and asset-liability ratio positive correlation; There is a negative correlation between the growth rate of GDP and the ratio of assets and liabilities. Finally, according to the empirical results of this study, some suggestions and countermeasures are put forward to optimize the capital structure of the listed companies of petroleum and petrochemical industry in China. In order to provide useful reference and reference for the management of the company.
【學(xué)位授予單位】：東北石油大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F275;F426.722

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