CAJ | 학술논문

以国有森工企业为研究对象，分析森工企业资本结构的现状及问题，运用主成分分析和回归分析的方法，构建国有森工企业资本结构优化模型。通过实证分析表明，充分利用国有森工企业的天然优势，大力整合林业产业链，以林地、林业资产等为抵押物，拓展拓宽林业资本融资渠道，提升企业成长性，增强盈利性是优化森工企业资本结构的有效途径。
이국유삼공기업위연구대상，분석삼공기업자본결구적현상급문제，운용주성분분석화회귀분석적방법，구건국유삼공기업자본결구우화모형。통과실증분석표명，충분이용국유삼공기업적천연우세，대력정합임업산업련，이임지、임업자산등위저압물，탁전탁관임업자본융자거도，제승기업성장성，증강영리성시우화삼공기업자본결구적유효도경。
Taking the state-owned forestry industrial enterprises ( FIEs) as the subject of the research, the author analyses current situation and problems of its capital structure and constructs the optimal model of capital structure by using the methods of principal component analysis and regression analy-sis. The results of the research show effective way for optimizing capital structure of the FIEs from two aspects. On one hand, it should optimize the use of natural advantage of the FIEs and integrate forestry industry chain efficiently. On the other hand, financing channels for forestry capital should be expand-ed and broadened by taking forest land and forestry property as collateral in order to improve the growth of the enterprise and strengthen the profitability.