Study on the Impact of Asset-liability Ratio of Listed Companies on Operating Performance in Food Industry

Zuo-Xuan HAN, Hai-Feng XU

Abstract


In order to determine the optimal proportion of equity financing and debt financing, the paper studies the correlation between asset-liability ratio and operating performance of food-producing industries. In this paper, according to certain principles, the financial data of 39 listed companies in Shanghai and Shenzhen stock markets are selected as the research samples, and the data are analyzed by panel data. The results show that the asset-liability ratio of the listed companies in the food industry is positively correlated with the return on net assets at the interval of 30% -60%.

Keywords


food industry; capital structure; operating performance; asset-liability ratio; return on net assets component;


DOI
10.12783/dtssehs/icss2016/8942