Dissertation > Excellent graduate degree dissertation topics show

The Empirical Analysis on the Relationship between the Liabilities and the Corporate Performance of China’s Listed Companies

Author: YuZuo
Tutor: YangShiZhong
School: Capital University of Economics
Course: Accounting
Keywords: China’s Listed Companies Capital Structure Capital from Liabilities Corporate Performance
CLC: F275
Type: Master's thesis
Year: 2006
Downloads: 956
Quote: 1
Read: Download Dissertation

Abstract


Since 1950s, research on the corporate capital structure became one of the hot issues in the financial theory field. China’s scientists still couldn’t make a satisfactory conclusion on whether the international classic corporate capital structure theories are effective in China. The thesis puts China’s listed companies as researching target, and focuses upon the part of the corporate capital structure theories which are about the corporate liabilities especially the relationship between the liabilities and the corporate performance. The empirical ways are used to describe the current situation of China, and to compare the difference between the conclusion of analysis on China and western markets.By reading plenty of international classic masterpiece and published works about corporate capital structure theories, some conclusions are gotten that are on how the corporate liabilities and performance impact on each other from the classic corporate capital structure theories. Based on that, the data are selected from 2000 to 2004 about some kinds of corporate liabilities ratios and performance indicators of China’s native listed companies. Firstly, the chars are used to describe on different year the distribution of average corporate performance indicators in separate asset/ liabilities ratio regions. Secondly, the simple linear regression models and multivariate models are set up on different liabilities ratios and performance indicators by analyzing through statistic software, to show how the corporate liabilities impact on the performance, and how the corporate performance development impact on the liabilities selection, and calculate the asset/ liabilities ratio region which can make the highest performance indicators in China’s listed companies.Through the above empirical analyzing, the following conclusions are drawn: the asset/ liabilities ratio of China’s listed companies has a strong negative correlation with companies’ performance indicators, and the development of corporate performance should change the shot-term liabilities selection on the opposite way, and it seems that the long-term liabilities selection has little relationship with that, which are not consistent with the international classic theories;the asset/ liabilities ratio region which can make the highest performance indicators in China’s listed companies is far lower than it is in foreign countries.Based on these conclusions, the author considers that the efficiency of financial leverage is too low, and the capital from liabilities is not enough in China’s listed companies. The thesis tries to analyze the comprehensive reasons on those conclusions, and tries to give some constructional opinions on the current situation of China, based on author’s present capability.

Related Dissertations

  1. Research on the Impact of Debt Financing Structure Upon Corporate Performance on Listed Pharmaceutical Company,F275
  2. The Research on Relationship between Capital Structure and Enterprise Value in Listed Companies of Construction Industry,F426.92
  3. State-owned and Family-owned Listed Company Governance Structure and Company Performance Correlation Comparison Research,F272;F224
  4. Research on Financing Problems of Private Enterprises in Anhui Province,F276.5
  5. Study on the Correlation between Capital Structure and Profitability of Listed Companies in China’s Engineering Equipment Manufacturing Industry,F832.51;F224
  6. An Empirical Study on the Relation of the Managerial Ownership and Corporate Performance,F276.6
  7. Empirical Study on the Impact of Managerial Power on Corporate Financing Behavior,F276.6;F224
  8. Heilongjiang Financial Governance Structure of Listed Companies,F275
  9. The Empirical Study on the Relationship between Corporate Governance Structure and Performance in S&T SMEs,F224
  10. Research of Relationship between State-owned Enterprises Social Responsibility and Corporate Performance Based on Stakeholders Aspect,F276.1;F224
  11. Study on the Correlation between the Capital Structure and Performance of China’s Manufacturing Listed Companies,F224
  12. China Listed Company Executive Compensation Incentive and Performance Relation Study,F276.6;F224
  13. Analysis of Relation between Ownership Concentration, Ownership Restriction and Firm Performance,F276.6;F224
  14. The Empirical Research on Management Motivation and Corporate Performance of Listed Corporations,F224
  15. An Empirical Research on Relationship among Corporate Governance, R & D Investment and Corporate Performance,F273.1;F224
  16. Research on Listed Companies’ Cash Dividend Policy in China,F276.6
  17. Research on the Impact of Earning Raised by Working Capital Structure of China’s Retail of Listed Companies,F715.5
  18. Ownership Structure and Corporate Performance,F276.6;F224
  19. The Research of Relation of Capital Structure,ownership Structure and Firm Performance of Listed Companies,F276.6;F224
  20. A Study on How Managerial Overconfidence Impact Capital Structure in the Medium and Small Listing Companies,F276.6;F224
  21. Research on Relationship of Shareholder Structure and Corporate Performance of Small and Medium Private Listed Companies,F276.6

CLC: > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management
© 2012 www.DissertationTopic.Net  Mobile