【摘要】：本文以2003-2012年上市公司集團(tuán)為研究樣本,分析集團(tuán)總部在其下屬上市公司中的現(xiàn)金分布情況,考察了集團(tuán)財(cái)務(wù)資源配置水平對(duì)各上市公司資本結(jié)構(gòu)動(dòng)態(tài)調(diào)整的影響。研究表明:獲得集團(tuán)總部現(xiàn)金配比越高的上市子公司,其資本結(jié)構(gòu)調(diào)整速度越慢;而集團(tuán)總部現(xiàn)金配比越低的上市子公司,其資本結(jié)構(gòu)調(diào)整速度越快。本文的經(jīng)驗(yàn)證據(jù)將為完善集團(tuán)公司內(nèi)部資本市場(chǎng)提供思路。
[Abstract]:This paper takes the group of listed companies from 2003 to 2012 as the research sample, analyzes the cash distribution of the group headquarters in its subordinate listed companies, and examines the influence of the level of financial resources allocation of the group on the dynamic adjustment of the capital structure of the listed companies. The research shows that the higher the cash ratio of the group, the slower the adjustment of capital structure of the listed subsidiary, while the lower the cash ratio of the group, the faster the adjustment of the capital structure of the listed subsidiary. The empirical evidence in this paper will provide ideas for improving the internal capital market of group companies.
【作者單位】： 中南財(cái)經(jīng)政法大學(xué)會(huì)計(jì)學(xué)院;
【分類號(hào)】：F275;F832.5;F224

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相關(guān)期刊論文 前3條

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本文編號(hào)：2155647