Repsol would then have to write it down, lifting group gearing by 400 basis points to 42 per cent by year-end, Macquarie estimates.

Cautiously Control Asset to liability Ratio while Financing in Debt

负债融资需慎重把握资产负债率

Moreover, debt ratio and income tax rate will also affect firm's investment behavior arising from stockholder-bondholder conflicts.

此外，资产负债率、企业所得税率等因素都会影响股东-债权人利益冲突引起的投资行为。

The Granger examination indicated that the interest rate influenced the capital structure of listed company.

Granger因果检验则表明资产负债率受利率因素的影响。

Final conclusion is: to some extent, listed companies profit forecast reliability is effected by the size of the firm and the forecast interval.

最后结论是：上市公司盈利预测自愿性在一定程度上受公司规模、独立董事的比例以及IPO上市公司的资产负债率的影响。

The asset-liability ratio is a direct and indirect factor related to ROF.

资产负债率则表现为既直接与审计费用率相关，又通过资产规模间接与审计费用率相关；

The debt/ asset ratio ( DAR) is used as the scale index of financing structure. Meanwhile the study sets operations ratio ( pre-receivables) and financing ratio ( issuance of bonds and bank loans) to indicate the debt channels.

在解释变量上，采用资产负债率（DAR）来衡量企业的融资结构，并设置经营活动比率（企业的预收款）和筹资活动比率（发行债券和银行借款）来表示融资渠道。

In the part of empirical research for financial characteristics, the univariate analysis and binary Logistic regression analysis showed that the size of listed companies SIZE, asset-liability ratio DR and the Tobin Q influence great on the refinancing.

在财务特征因素的实证研究部分，通过单变量分析和二元Logistic回归分析发现，上市公司的规模SIZE、资产负债率DR以及托宾Q对再融资的影响作用显著。

The third, the debt radio to assets is quite low.

三是资产负债率较低。

Secondly, Comprehensive score F of the financing effect of the debt rises with the rising of the asset-liability ratio. After reaching a certain critical value, F drops with the rising of the rising of the asset-liability ratio, there is optimum capital structure.

第二，债务融资效应的综合得分F随资产负债率的上升而上升，到某一临界值以后，F随资产负债率的上升而下降，存在最优资本结构。

And it uses the Kruskal-Wallis test and LSD test to examine the financial structure of the enterprise, it presents significant differences in the different life cycle stage.

接下来利用Kruskal-Wallis检验和LSD检验得出，企业的资产负债率在不同生命周期阶段具有显著的差异。

There are some differences between the township hospitals for the asset-liability ratio.

不同乡镇卫生院的资产负债率存在一定的差异。

Asset-liability ratio is used to describe the capital structure, and the General financial performance, Tobin's Q and the EVA per capital are used to describe the firm performance respectively.

本文采用资产负债率来反映上市公司的资本结构，分别以财务综合绩效、托宾Q值和单位经济增加值指标来反映上市公司绩效。

A Study on Convertible Bond for Dynamic Adjustment of Target Asset-liability Ratio

可转换债券对目标资产负债率动态调整的研究

Moreover, this study find that CEO turnover decision is related positively to the asset-liability ratio significantly, the same as to the ownership concentration.

另外，本文发现资产负债率以及股权集中度与CEO更换显著正相关。

Third, optimize the financing structure to maintain the appropriate assets liabilities ratio.

优化融资结构，维持合适的资产负债率。

A Theoretical Analysis of Ratio of Assets to Liabilities

资产负债率失真的理论分析

The empirical results show that, from pre-IPO to post-IPO, there is no statistically significant difference in business performance and asset-debt ratio between VC-IPO and non VC-IPO firms.

实证结果显示，在IPO前和IPO后，VC-IPO企业与non VC-IPO企业之间经营业绩无显著差异，VC-IPO企业资产负债率更低，统计上不显著。

Compared with non VC-IPO firms, syndicated VC-IPO firms have statistically significant better operating results and lower asset-debt ratio from pre-IPO to one year after IPO; and in the second year after the IPO, there is no significant difference.

从IPO前两年到IPO后第一年，联合VC-IPO企业比non VC-IPO企业经营业绩更好、资产负债率更低，统计上显著；在IPO后第二年，没有显著差异。

Judging from the balance sheet of central bank, gold market operation also plays a role in the expansion or contraction of money supply.

从中央银行资产负债表分析，买卖黄金也是扩大或收缩国内货币供应的手段。

The existing literatures focus on central bank financial rescue measures by the change of central bank asset struction and scale, but pay no attention to the liabilities.

已有文献中对中央银行资产负债表的分析集中于通过央行资产结构和规模的变化考察央行不断创新的金融救助措施，而对负债方关注很少。