%0 Journal Article %T An Empirical Study on the Inter-Industry Differences of Chinese Listed Companies'''' Capital Structure
中国上市公司资本结构行业间差异实证研究 %A GUO Peng-fei %A YANG Chao-jun %A SUN Pei-yuan %A
郭鹏飞 %A 杨朝军 %A 孙培源 %J 系统工程理论与实践 %D 2004 %I %X We classify the Chinese listed companies according to CSRC's industry classification standard, and conducts a through empirical study on the industrial differences of capital structure, which is represented by long\|term debt ratio. Results show that: 1. There are significant differences among the capital structures of different industries, since the differences are caused by minority industries. 2. About 10.5% of the differences among companies can be explained by there industries. 3. The capital structure of the same industry and the differences among industries are very stable. %K capital structure %K industrial differences %K industry classification standard %K listed companies
资本结构 %K 行业间差异 %K 行业分类标准 %K 上市公司 %U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=7C6150EB399D8E34&yid=D0E58B75BFD8E51C&vid=B91E8C6D6FE990DB&iid=94C357A881DFC066&sid=9CF7A0430CBB2DFD&eid=F3583C8E78166B9E&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=5&reference_num=18