CAJ | 학술논문

基于预期效用和控股权利益理论，文章运用数理分析方法，探讨了我国上市公司财务性投资的影响因素及其机理。尽管其影响机理各不相同，但股权结构、资产负债比率、主营业务预期收益等是影响财务性投资的重要因素。
기우예기효용화공고권이익이론，문장운용수리분석방법，탐토료아국상시공사재무성투자적영향인소급기궤리。진관기영향궤리각불상동，단고권결구、자산부채비솔、주영업무예기수익등시영향재무성투자적중요인소。
Based on expected utility theory and controlling interests , using mathematical analysis method , this paper discusses the influence factors and the mechanism of listed companies'financial investments in China .Al-though the impact mechanisms of each are not identical , our study finds that:the ownership structure , asset lia-bility ratio and main business earnings are the important factors that affect financial investments .