Impact of Capital Structure of Listed Enterprises of New Energy Automobile Industry on Corporate Performance:Based on 124 Listed Enterprises
This paper selects 1232 sets of data from A-share listed companies of new energy automobile industry,uses principal component analysis to build a company performance equation,adopts the model of mixed regression,fixed effect regression,least square dummy variable regression and random effect regression to confirm optimal form of panel model,and studes the impact of capital structure on corporate performance.The research shows that equity financing rate,retained earnings financing rate and the proportion of the largest shareholder are positively correlated with corporate performance,while depreciation financing ratio is negatively correlated,the asset-liability ratio,current-liability ratio,the proportion of the top ten shareholders and z-index have no significant correlation with corporate performance.Individual effect and time effect have a significant impact on corporate performance.
corporate performanceprincipal component analysisindividual effect modelleast square dummy variableHausman Test
NETL
NSTL
万方数据
