电力上市公司负债融资对公司绩效影响的实证分析

摘要

本文以选取的48家样本公司2005～2009年的财务数据作为研究对象就负债融资对公司绩效影响进行了实证分析,实证分析的结果表明电力上市公司负债融资与公司绩效显著负相关,说明电力上市公司没有充分发挥负债融资的积极作用来提高公司绩效。在实证分析的基础上,结合电力行业的特点,最后提出了改善我国电力上市公司负债融资效应的相关对策建议。%An empirical study on the impaction of the debt financing on performance of 48 sample companies selected as the research object is conducted in the article.The empirical study shows a negative relationship between debt financing and corporate performance,it also shows that power listed companies have not given full play to the positive role of debt financing in improving corporate performance.Finally,considering features of electric power industry,ideas for improvement of electric power listed companies are proposed and implemented on the basis of empirical analysis.