Research on the Influence of Export Trade Dependence on Industry Capital Structure

DOI

10.2991/iccessh-17.2017.185How to use a DOI?

Keywords

export trade dependence; capital structure; manufacturing industry

Abstract

The development of China's manufacturing industry is in a critical period of upgrading and transformation of industrial structure. This paper selects the data of 16 industries in China from 2007 to 2015 to test the degree of dependence on export trade and industry capital Structural adjustment. The results show that the industrial capital structure is positively correlated with the dependence on the export trade, and the non-linear "inverted U" relationship exists between them. However, the degree of dependence of export trade on the capital structure of different debt maturity is not the same. In the short term, there is a positive correlation and a negative correlation in the long term. There is an "inverted U" relationship between the degree of dependence on exports and the level of short-term debt, but it is a "U" relationship with the level of long-term debt.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Huiyue Liu
AU  - Gege Zhang
PY  - 2017/06
DA  - 2017/06
TI  - Research on the Influence of Export Trade Dependence on Industry Capital Structure
BT  - Proceedings of the 2nd International Conference on Contemporary Education, Social Sciences and Humanities (ICCESSH 2017)
PB  - Atlantis Press
SP  - 775
EP  - 780
SN  - 2352-5398
UR  - https://doi.org/10.2991/iccessh-17.2017.185
DO  - 10.2991/iccessh-17.2017.185
ID  - Liu2017/06
ER  -