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《Money China》 2010-04
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An Empirical Research on the Relationship between the Capital Structure and the Value of Nongovernmental listed companies

Since the MM theorem has been put forward,the researches of the relationship between the capital structure and enterprise value have emerged in endlessly,especially empirical researches have made great progress.But based on the different subjects,as well as the different choices of the indicators that measure the value of the enterprises,the research conclusions will be different.This paper will focus on the nongovernmental listed companies,and the indexes are synthesized into a few principal factors using fac tor analysis.These principal factors as independent variables and enterprise value as dependent variables are used in a regression analysis.The result in this paper proves that the capital structure has positive relation with the enterprise value,but the optimal capital structure and its impact on the effectiveness of the enterprise value has not yet reflects.
【CateGory Index】: F275
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【Citations】
Chinese Journal Full-text Database 3 Hits
1 Yan Yanyang (College of Finance, Hunan University, Changsha 410079);The Research of Capital Structure and Firm Value of Listed Companies in China[J];The Theory and Practice of Finance and Economics;2002-04
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3 Wang Hui (Shanghai University of Finance and Economics);Debt Financing,Corporate Governance and Market Valuation of Listed Companies[J];Economic Research Journal;2003-08
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