【摘要】 盈利能力既反映了公司经营管理水平,也是投资者关注的焦点,而资本结构又对公司盈利能力有着直接的影响。本文选取了158家江苏省上市公司,通过对其盈利能力指标进行因子分析获得综合盈利指标,并与代表资本结构的资产负债率和流动比率进行回归分析,发现盈利能力与资本结构之间存在显著相关关系。研究结果表明,上市公司为了提升公司盈利能力,应该改变自身的融资结构,形成有助于增强自身竞争力、优化资源配置的最优资本结构,在流动资产和流动负债的配比中找到平衡点。更多还原

【Abstract】 Profitability as the representation of a company’s management is a big concern for the investors.And the capital structure has an immediate impact on it.Selecting 158 listed companies in Jiangsu Province,this paper makes a regression analysis between the profitability and the capital structure represented by the asset-liability ratio and liquidity ration.The findings show that there is a significant correlation between them.In order to enhance its profitability,a company needs to change its financing structure to form an optimal capital structure that can help to gain a competitive edge and optimize resource allocation,and strike a balance between the current assets and current liabilities.更多还原