我国零售业上市公司资本结构与盈利能力关系研究
关键词:零售业；上市公司；资本结构；盈利能力；
Study on the relationship between the capital structure and profitability of listed retail companies in China
Abstract
Retail industry is one of the most important industry in the tertiary industry in our country, which is closely related to national economy and people's life. Retail listed companies for stimulating consumption demand in our country, promoting the improvement of people` living standards is of great significance. Researching on retail listed companies' capital structure can help to optimize the financing channels and reduce the financial risks. This paper selects 58 retail listed companies on the Shanghai and Shenzhen stock exchange in China as research samples, using asset-liability ratio, earnings per share, current ratio, inventory turnover rate and other indicators to explore the relationship between capital structure and profitability. Finally, we conclude that the rate of assets and liabilities of enterprises is significantly negative to the return on net assets, main business profit margins, liquidity ratio and stock turnover. .
Key words: Retail industry; the listed company; the capital structure; profitability;
目录
引言 1
一、零售业简介 2
（一）零售业概念 2
1.零售业的定义 2
2.零售业的分类 2
（二）我国零售业上市公司现状 2
1.我国零售业上市公司的发展 2
2.我国零售业上市公司发展中存在的问题 3
二、目前国内外的相关研究成果 3
（一）国外相关研究成果 3
（二）国内相关研究成果 3
三．本文所用到的研究理论 4
（一）资本结构定义 4
（二）资本结构理论发展 4
（三）最优资本结构 4
四、相关指标构建与数据分析 5
（一）调研数据概况 5
（二）具体调研数据 6
（三）调研数据分析 7
（四）研究假设 8
（五）回归分析 8
1.多重共线性的检验和修正 9
2.结论 14
五、总结与建议 15
（一）总结 15
（二）具体对策建议 15
1.提高企业的盈利能力 15
2.降低企业的负债利率 15
3.选择合理的还本付息方式 15
吹冰、谢辞 16
七、主要参考文献 17
引言
自我国在上世纪八十年代实施改革开放以来，我国经济实现了三十年来的飞速健康发展，各行各业均显现出欣欣向荣的景象。国民经济的快速持续发展，为我国零售业的发展提供了良好的发展环境。上市公司的发展已经成为公司所在地社会经济发展的重要推动力量之一，加快零售业上市公司的发展在国民经济发展中具有独特的历史和现实地位。