CAJ | 학술논문

通过构建Logit模型,实证研究再融资过程中,体育产业公司再融资方式的影响因素及再融资方式差异性对公司业绩的影响。研究发现,体育产业上市公司选择股权融资时,公司的现金流、净利润及行业属性等因素会对其产生影响;上市公司是否进行债权融资主要受到公司规模以及负债率的影响。体育类上市公司进行债权融资会对公司业绩产生负面影响,股权融资对其绩效没有显著性影响,体育类上市公司要走出当前财务困境需要多使用股权融资的方式筹集资金。
통과구건Logit모형,실증연구재융자과정중,체육산업공사재융자방식적영향인소급재융자방식차이성대공사업적적영향。연구발현,체육산업상시공사선택고권융자시,공사적현금류、정리윤급행업속성등인소회대기산생영향;상시공사시부진행채권융자주요수도공사규모이급부채솔적영향。체육류상시공사진행채권융자회대공사업적산생부면영향,고권융자대기적효몰유현저성영향,체육류상시공사요주출당전재무곤경수요다사용고권융자적방식주집자금。
By building Logit models,empirically studies the influencing factors of sports industry companies refinancing and refinancing differences impact on company performance.The result shows that when the quoted companies choose equity financing,cash flow,net profit and industries will affect it;quoted companies whether debt financing primarily affected by company size and debt ratio.Meanwhile debt financing of quoted companies would have a negative impact on company performance,equity financing no significant impact on its performance,sports quoted companies to get out of the current financial difficulties need more ways to use equity financing to raise funds.