The empirical results reveal strong evidences for the positive relationship between debt-to-asset ratio and credit risk,volatility of assets and credit risk.
为研究KMV模型在中国上市公司信用风险定价与度量的适用性问题,选取2004年至2007年260家上市公司的财务指标与股票价格所组成的面板数据,对该模型所揭示的负债资产比、资产波动率和信用风险之间存在的两个内联关系进行实证分析,结果表明:负债资产比与信用风险存在正向关系,资产波动率与信用风险也存在正向关系,得出该模型在对中国上市公司的信用风险定价与度量中具有较高的适用性和精确性的结论。
First,using regression method analyzed the relationship between ratio of debt asset and profitability,concluded that the relationship between them is negative correlation.
首先对我国信息技术行业负债资产比率与盈利能力的关系进行了回归分析,得到的结论是二者之间呈负相关关系,在对回归结果检验时,发现这一结论与检验结果不符,因此不能仅凭回归分析的结果来判断企业负债率的高低,不能仅仅因为回归分析结果是负相关关系就断定我国上市公司负债资产比率越高,盈利能力越差。
On the management of asset debt ration to enterprises;
试论对企业实行资产负债比例管理
Readjust the asset-liability ratio of state-owned enterprises
调整国有企业资产负债比
Research on the Theory and Practice of Assets and Liabilities Management by Proportion;
资产负债比例管理理论及应用的研究
balance sheet ratios
资产负债表中各项比率
debt to total assets ratio
负债对资产总额比率
rates for translation assets and liabilities
换算资产与负债的比率
balance sheet-income sheet ratios
资产负债与损益比率
debt ratio: Ratio of total liabilities to total assets.
债务比率:总负债对总资产的比率。
They are debt-equity ratio, debit to tangible net worth ratio and etc.
它们是负债权益比率、负债与有形净资产比率等。
The Comparative Analysis Between the Obligation Method of Balance Sheet and the Obligation Method of Income Statement
损益表债务法与资产负债表债务法的比较分析
ratio of fixed assets to capital liabilities
固定资产对资本负债的比率
The Comparison and Transforming of National Balance Sheet Accounting and Accountancy Balance Sheet Accounting;
国民资产负债核算与会计资产负债核算的比较与转换
comparative budget and actual balance sheet
预算与实际比较的资产负债表
ratio of quick assets to current liabilities
速动资产对流动负债比例
ratio of current assets to current liabilities
流动资产对流动负债的比率
ratio of current assets to current liability
流动资产与流动负债比率
highly leveraged
杠杆作用大的,负债对资产比率高的
Comparative Research on Alm of Banks in China and Western Nations
中西方银行资产负债管理比较研究
International Comparison of the Standard: Events Occurring after the Balance Sheet Date;
资产负债表日后事项准则的国际比较
