经营比率

在解释变量上，采用资产负债率（DAR）来衡量企业的融资结构，并设置经营活动比率（企业的预收款）和筹资活动比率（发行债券和银行借款）来表示融资渠道。

The debt / asset ratio ( DAR ) is used as the scale index of financing structure . Meanwhile the study sets operations ratio ( pre-receivables ) and financing ratio ( issuance of bonds and bank loans ) to indicate the debt channels .

财务危机公司在财务报表上的资产结构、财务状况以及经营绩效等财务比率，与正常公司存在明显差异，同时公司治理也在一定程度上也影响企业的财务状况。

The financial crisis companies in the asset structure of the financial statements , financial situation , as well as manage performance , and other financial ratios , has significant differences with normal company , company governance also affected the financial position of enterprises on a certain extent contemporary .

独立经营的小公司约有30%在头两年内破产，而首次参与特许经营失败的比率仅为百分之五左右。

While around 30 percent of independent small companies go bust within the first two years , the failure rate for first-time franchisees is only at around five percent .