我国房地产上市公司资本结构实证研究

利用多元回归分析方法研究了我国房地产上市公司的资本结构.研究表明:房地产上市公司总资产增长率、股东权益周转率与资本结构正相关;销售净利率、总资产周转率、流动比率与资本结构负相关;而表征公司风险性、外部流动性、公司规模、避税盾特征、房地产行业特性的变量与资本结构无关.

Empirical Study on Capital Structure of Real Estate Listed Companies in China

This paper aims to find main affecting factors and manners by the ways of ANOVA and regression analysis. The result shows that there is no difference between specific companies and general companies. Besides that, equity turnover and asset growth rate have positive correlation with capital structure while net margin, asset turnover and current ratio have negative correlation with capital structure.