中国上市公司中公司治理对资本结构的影响分析
发布时间：2021-11-10 18:04
1绪论公司治理与资本结构是企业理论中的两个重要问题,两者对企业绩效均有显著的影响。资本结构反映了企业取得长期资金的来源、组成以及相互关系。公司治理则体现了公司各个相关利益主体之间的关系,同时它也是股东投资的重要保障。此外,公司治理与资本结构两者相互影响,关系密切,选择合适的公司治理和资本结构对公司实现利益最大化意义重大。因此,治理与资本结构及其相互关系的一直是国内外学者研究的热点论题。然而,综合分析公司治理的关键因素对资本结构的影响的研究却比较缺乏。鉴于此,本文通过股权集中度、管理层持股、董事会规模和独立董事四个方面研究了公司治理对资本结构的影响。同时,本文还引入公司成长性指标,按公司成长机会的大小,将样本公司分为两类,分别研究不同成长性下公司治理对资本结构的影响。2文献综述2.1公司治理对资本结构的影响研究关于公司治理对资本结构的影响的研究,主要是分析公司治理中的关键因素对资本结构的影响。其中,研究重点集中在股权结构、管理层持股和董事会等因素对资本结构的影响。2.1.1股权结构对资本结构的影响这部分的研究首先是关注股权集中度对资本结构的影响。一般而言,股权相对集中的公司,大股东对于公...
【文章来源】：复旦大学上海市 211工程院校 985工程院校 教育部直属院校
【文章页数】：87 页
【学位级别】：硕士
【文章目录】：
摘要
ABSTRACT
CHAPTER 1 INTRODUCTION
1.1 Background of the Study
1.2 Research Purpose and Significance
1.2.1 Statement of the Problem
1.2.2 O bjective of the Study
1.2.3 Contribution of the Study
1.3 Structure of the Thesis
CHAPTER 2 LITERATURE REVIEW
2.1 The Theory of Corporate Governance
2.1.1 The Agency Theory
2.1.2 The Stewardship Theory
2.1.3 The Stakeholder Theory
2.1.4 The Institutional Theory
2.2 The Theory of Capital Structure
2.2.1 The Static Tradeoff Theory
2.2.2 The Pecking—order Theory
2.2.3 The Agency Cost Theory
2.3 The Research Related to the Impacts of Corporate Governance on Capital Struture
2.3.1 The Impacts of Ownership Structure on Capital Structure
2.3.2 The Impacts of Managerial Ownership on Capital Struture
2.3.3 The Impacts of BOD on Capital Structure
2.4 The Research Related to the Impacts of Company's Growth Opportunities on Capital Structure
2.5 The Comments on the Literature
CHAPTER 3 THE THEORETICAL ANALYSIS OF THE IMPACTS OFCORPORATE GOVERNANCE ON CAPITAL SREUCTURE
3.1 The Impacts of Internal Governance on Capital Structure
3.2 The Impacts of External Governance on Capital Structure
CHAPTER 4 RESEARCH DESIGN
4.1 Research Hypotheses
4.1.1 Research Hypotheses Based on Overall Sample
4.1.2 Research Hypotheses Based on Grouped Samples
4.2 Sample and Data of the Study
4.3 Variables Definition
4.3.1 Independent Variables---Factors of Corporate Governance
4.3.2 Dependent Variables---Capital Structure
4.3.3 Control Variables
4.4 Research Methodology
4.4.1 Descriptive Statistic Analysis
4.4.2 Correlation Analysis
4.4.3 Multiple Regression Analysis
CHAPTER 5 DATAANALYSES AND EMPIRICAL RESULTS
5.1 The Empirical Results Based Overall Sample
5.1.1 Result of Descriptive Statistic Analysis
5.1.2 Result of Correlation Analysis
5.1.3 Result of Multiple Regression Analysis
5.2 The Empirical Results Based on Grouped Sample
5.2.1 Result of Descriptive Statistic Analysis
5.2.2 Result of Correlation Analysis
5.2.3 Result of Regression Analysis
CHAPTER 6 CONCLUSION AND FUTURE RESEARCH
6.1 Research Conclusion
6.1.1 Conclusion related to the overall listed companies in China
6.1.2 Conclusion related to the listed companies in China considering growth opportunities
6.2 Suggestions for Improvement of Corporate Governance
6.3 Innovations and Limitations of the study
REFERENCES
后记
【参考文献】：
期刊论文
[1]股权结构对资本结构影响的实证研究[J]. 顾乃康,杨涛. 中山大学学报(社会科学版). 2004(01)
[2]股权结构对资本结构选择的影响——来自中国上市公司的经验证据[J]. 肖作平. 当代经济科学. 2004(01)
[3]中国上市公司股权集中度变动的实证分析[J]. 冯根福,韩冰,闫冰. 经济研究. 2002(08)
本文编号：3487697
【文章来源】：复旦大学上海市 211工程院校 985工程院校 教育部直属院校
【文章页数】：87 页
【学位级别】：硕士
【文章目录】：
摘要
ABSTRACT
CHAPTER 1 INTRODUCTION
1.1 Background of the Study
1.2 Research Purpose and Significance
1.2.1 Statement of the Problem
1.2.2 O bjective of the Study
1.2.3 Contribution of the Study
1.3 Structure of the Thesis
CHAPTER 2 LITERATURE REVIEW
2.1 The Theory of Corporate Governance
2.1.1 The Agency Theory
2.1.2 The Stewardship Theory
2.1.3 The Stakeholder Theory
2.1.4 The Institutional Theory
2.2 The Theory of Capital Structure
2.2.1 The Static Tradeoff Theory
2.2.2 The Pecking—order Theory
2.2.3 The Agency Cost Theory
2.3 The Research Related to the Impacts of Corporate Governance on Capital Struture
2.3.1 The Impacts of Ownership Structure on Capital Structure
2.3.2 The Impacts of Managerial Ownership on Capital Struture
2.3.3 The Impacts of BOD on Capital Structure
2.4 The Research Related to the Impacts of Company's Growth Opportunities on Capital Structure
2.5 The Comments on the Literature
CHAPTER 3 THE THEORETICAL ANALYSIS OF THE IMPACTS OFCORPORATE GOVERNANCE ON CAPITAL SREUCTURE
3.1 The Impacts of Internal Governance on Capital Structure
3.2 The Impacts of External Governance on Capital Structure
CHAPTER 4 RESEARCH DESIGN
4.1 Research Hypotheses
4.1.1 Research Hypotheses Based on Overall Sample
4.1.2 Research Hypotheses Based on Grouped Samples
4.2 Sample and Data of the Study
4.3 Variables Definition
4.3.1 Independent Variables---Factors of Corporate Governance
4.3.2 Dependent Variables---Capital Structure
4.3.3 Control Variables
4.4 Research Methodology
4.4.1 Descriptive Statistic Analysis
4.4.2 Correlation Analysis
4.4.3 Multiple Regression Analysis
CHAPTER 5 DATAANALYSES AND EMPIRICAL RESULTS
5.1 The Empirical Results Based Overall Sample
5.1.1 Result of Descriptive Statistic Analysis
5.1.2 Result of Correlation Analysis
5.1.3 Result of Multiple Regression Analysis
5.2 The Empirical Results Based on Grouped Sample
5.2.1 Result of Descriptive Statistic Analysis
5.2.2 Result of Correlation Analysis
5.2.3 Result of Regression Analysis
CHAPTER 6 CONCLUSION AND FUTURE RESEARCH
6.1 Research Conclusion
6.1.1 Conclusion related to the overall listed companies in China
6.1.2 Conclusion related to the listed companies in China considering growth opportunities
6.2 Suggestions for Improvement of Corporate Governance
6.3 Innovations and Limitations of the study
REFERENCES
后记
【参考文献】：
期刊论文
[1]股权结构对资本结构影响的实证研究[J]. 顾乃康,杨涛. 中山大学学报(社会科学版). 2004(01)
[2]股权结构对资本结构选择的影响——来自中国上市公司的经验证据[J]. 肖作平. 当代经济科学. 2004(01)
[3]中国上市公司股权集中度变动的实证分析[J]. 冯根福,韩冰,闫冰. 经济研究. 2002(08)
本文编号：3487697
本文链接：https://www.wllwen.com/jingjilunwen/jinrongzhengquanlunwen/3487697.html
