Different with state-owned enterprises which hold high liability, public companies possess very low asset-liability ratio and have strong tendency of issuing stock.
与传统的国有企业过度负债不同,我国上市公司的资产负债率普遍偏低,有着强烈的股权融资倾向。
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。
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