短期负债

通过大量举借短期负债来满足营运资金需求，降低企业的资金本钱。

Through floats a loan the current liabilities to meet the working capital need massively , reduces enterprise 's fund cost .

浅议企业的短期负债筹资

On raising funds in short - term debt in enterprises

购销应付账款是供应商提供的购买商品的短期负债。

Trade accounts payable are short-term obligations to suppliers for purchases or merchandise .

于是，这些短期负债的增加额或减少额也要进行调整。

Thus , the increase or decrease in these liabilities should be adjusted .

债务期限结构指公司债务中长期债务和短期负债之间的比例关系。

The debt maturity structure refers to the relationship between long-term , midterm liabilities and short term ones .

论文得到的基本结论包括：①低成长公司支持负债控制假设，并同时采用了总负债、短期负债、长期负债进行控制；

The test results of this paper were : ① the low-growth companies supported the debt monitoring hypothesis ;

从负债结构来看，存在着过分依赖短期负债融资，长期负债比例严重失衡的现象。

Their liability structure shows they rely heavily on short-term liability financing and long-term liability is in the condition of unbalance .

进一步研究发现，企业现金流对企业财务危机具有长期预测能力，而短期负债具有短期预测能力。

Further evidence shows that cash flow has long-term ability in forecasting financial distress , yet short-term debt is a sound short-term predictor .

短期负债与投资负相关，说明短期负债发挥了抑制过度投资的相机治理作用。

The correlation between short-term debt and investment is negative , that means short-term debt take a camera governing effect on restraining over investment .

对负债期限结构与投资之间关系的实证结果表明，短期负债与投资支出呈显著负相关。

According to the empirical results of the relationship of the debt term structure and investment , it shows negative correlation of short-term liabilities and investment expenditure .

风险与资产负债率是正相关的，特别是同长期债务和银行贷款是显著正相关的，与短期负债则无关。

Risk and asset-liability ratio is positively related , especially is significantly positively correlated with the long-term debt and bank loans , is irrelevant with short-term liabilities .

短期负债率、长期负债率与财务绩效负相关。

The asset-liability ratio and financial performance negatively correlated . 2 . Both short-term asset-liability ratio and long-term asset-liability ratio negatively correlated with financial performance . 3 .

短期负债筹资影响负债结构，从而影响资本结构和产权结构，必然会对公司价值产生直接影响。

Short-term debt financing that impacts on debt structure , thus on the capital structure and ownership structure , will inevitably have a direct impact on firm value .

另外，本文还将中小企业负债分为短期负债、长期负债，探讨不同的债务期限结构与中小企业成长性的相关关系。

In addition , the paper also divides debt liabilities into short-term and long-term debt , and discusses the impact of different debt maturity structure on the growth of SMEs .

第二，不同期限的债务融资（本文按期限长短将负债划分为长期负债和短期负债）对公司治理效应的影响存在一定差异。

Second term debt financing ( liabilities into long-term liabilities and short-term liabilities ) by the length of the period of the effect of corporate governance there are some differences .

通过多元回归实证分析得出以下结论：（1）成长机会与资本结构正相关，短期负债、资本积累分别与资本结构负相关。

There are some conclusions through multiple regression analysis . ( 1 ) Growth opportunity is positively related to leverage . Short-term liabilities and capital accumulation are negatively related to leverage .

短期负债融资对代理成本产生显著的负向作用，而长期负责融资的系数未通过显著性检验，对代理成本并没有负向的效应。

Short-term debt financing agency costs have a significant negative effect , while the coefficient responsible for financing long-term significance test does not pass on agency costs , and no negative effects .

通过回归分析，找出资产负债率、短期负债比率、长期负债比率等资本结构因素与公司绩效的相关关系，得出结论。

By means of regression analysis , we find the asset-liability ratio , short-term debt ratio , the rate of long-term debt capital structure and performance of the company and related conclusions .

其次，对不同成长阶段下资本结构的选择进行研究，从总资产负债率、短期负债率及长期负债率三个角度衡量资本结构。

Secondly , Study the capital structure selection in different growth , By Using total debt ratio , short-term debt ratio and Long-term debt ratio to measure the capital structure at the same time .

其次，鉴于有一些累计费用导致的短期负债，也会使得损益表上的营业费用与发生营业费用支付的现金不相等。

Second , as there are some short-term liabilities which result from accrued expenses , the figure of cash payments for operating expenses is different from that of operating expenses in the income statement .

实证结果表明，受自身能力和外部环境制约，我国上市公司主要依赖短期负债为并购支付进行负债融资，这给收购方带来了额外的财务风险。

The results of tests verify that listed companies make use of short debt as a main debt resource for M & A payment , which bring up extra financial risk to the bidder .

通过描述性统计分析，本文得到了农业上市公司资金来源：农业上市公司的外部资金主要通过股票市场获得，其次通过金融机构和商业信用获得短期负债，而通过债券市场获得的资金十分有限。

Statistical description shows capital resource of listed agribusinesses : external capital is mainly obtained by access to stock market , next the financial institutions and commercial credit , and little by bond market .

在中国，短期负债的激励作用几乎不存在，原因在于中国资本市场的落后和大量非流通股的存在。

In China , the motivation effect of short-term debt is seldom because the immature of capital market and the existence of the mass illiquid shares hardly lead to the destiny of being taken over .

在日常处理企业短期负债筹资业务时，要善于针对不同的经济业务，采用适当的方法，以降低成本和风险，提高企业诚信度，并取得较高的经济效益。

When we raise routinely funds in debt , we would adopt the suitable ways to reduce the costs and risks and enhance the degree of credit of the enterprise and gain a good economic benefit .

在对1997~2000年的上市公司的财务风险研究后发现，上市公司的短期负债风险和盈利能力风险在其财务总风险中的比重与宏观经济的形势密切相关。

Based on the study from 1997 to 2000 , this article points out there is a close relation between the ratio of short-term debt risk and profit capacity risk on its total accounting risk and the situation of macroeconomy .

另一方面，短期负债比率与企业的盈利能力及股利支付率有更为显著的相关性，而长期负债比率则与企业规模及增长机会变量的相关性更为显著。

On the other hand , the relationship between the short debt ratio and profitability , rate of dividend is more remarkable ; while the relationship between the long debt ratio and firm size , growth opportunity is more remarkable .

按照金融危机理论，短期负债是造成国际金融危机的重要原因，为了防止金融危机的爆发，应该通过对短期资本流入征税等措施来限制甚至禁止短期外债。

Some theorists hold that short-term debt is an important factor that causes international financial crisis and the policy of restricting or banning the short-term capital by imposing taxes on its influx should be adopted to guard against the financial crisis .

但基于双重代理的分析，短期负债会使政府采取对投资者更为有利的政策，这在确保贷款方回收贷款的同时，也提高了借款企业以及借款国的福利水平。

On the basis of dual agency analysis , it shows that short-term debt induces the government to adopt a more investor-friendly policy , which ensures the recovering of loans and improves the welfare of the borrowing company and its country .

针对短期负债率、长期负债率与财务绩效均呈负相关关系的政策建议：（1）适度增加长期负债比例。（2）建立动态化最优融资结构。

About both of short-term asset-liability ratio and long-term asset-liability ratio negatively related to financial performance policy suggestions : ( 1 ) A modest increasing in the long-term liabilities rate . ( 2 ) Establish dynamic optimal financing structure . 3 .

主要因为相比短期负债，其还款期长，当发现股东经理人发生道德风险行为时，不能及时和债务人签订新合约来约束他们。

This mainly because compared with the short-term liability , the long-term liability brings long repayment period . Thus when managers of shareholders find the moral hazard behavior of the debtor , the new contract can not be sign to restrain them .