Research on the Influence of Debt Financing on the Operating Performance of Listed Companies

DOI

10.2991/icssed-19.2019.53How to use a DOI?

Keywords

Listed companies; Debt financing; Operating performance

Abstract

Debt financing and equity financing are two complementary financing modes for listed companies in China. Disregard of financing structure hinders the development of enterprises, but at present listed companies in China prefer equity financing to debt financing. Moreover, debt financing exist a soft constraint of governance. As a result, debt financing cannot play its positive role. How to let the listed companies weigh the two financing structures, realize the importance of creditor's rights financing, and realize the sustained and steady development of enterprise's operating performance through creditor's rights financing is an urgent problem to be solved at present. This paper selects A - share listed companies in Shanghai and Shenzhen as the research object, empirically studies the impact of debt financing on the operating performance of listed companies, and puts forward the research prospect based on the research conclusion.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Tian Miao
PY  - 2019/05
DA  - 2019/05
TI  - Research on the Influence of Debt Financing on the Operating Performance of Listed Companies
BT  - Proceedings of the 2019 4th International Conference on Social Sciences and Economic Development (ICSSED 2019)
PB  - Atlantis Press
SP  - 292
EP  - 296
SN  - 2352-5398
UR  - https://doi.org/10.2991/icssed-19.2019.53
DO  - 10.2991/icssed-19.2019.53
ID  - Miao2019/05
ER  -