An Empirical Study on the Relationship Between the Capital Structure and the Performance of the Listed Intelligent Logistics Companies

Qingqing Xiong ； Longkun Lu ； Qian Liang ； Jing Liu

《International Journal of Social Science and Education Research》 3卷7期 (2020/07) Pp. 170-175

https://doi.org/10.6918/IJOSSER.202007_3(7).0029

摘要

There are many academic researches on the listed companies and capital structure of various industries, but few on the listed intelligent logistics companies. This paper selects A-share listed intelligent logistics companies provided by Royal Flush website, and uses a multiple regression model to conduct empirical research on the relationship between their capital structure and corporate performance. The results show that equity concentration has a significant positive effect on corporate performance, and asset liability ratio and current liability ratio have no significant effect on corporate performance. However, to some extent, asset liability ratio has a negative impact on corporate performance, and current liability ratio has a positive impact on corporate performance. The purpose of this paper is to provide guidance for the listed companies to optimize their capital structure and improve their performance.

關鍵字

Intelligent logistics ； capital structure ； corporate performance ； multiple regression model

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