The Influence of Debt Management on Corporate Value

A Case Study of Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd

DOI

10.2991/aebmr.k.210803.027How to use a DOI?

Keywords

Debt management, Capital structure, Liabilities to assets ratio, Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd

Abstract

At present, there are some problems in the biomedical industry such as poor financing channels, capital governance structure and business risk and etc. Debt management has certain impacts on financing channels, capital structures, business risks and corporate value. On this base, this paper empirically studies the influence of debt management on the corporate value of Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd. The research proves that there is a significant positive correlation between the level of debt and earnings per share, and that the level of debt affects corporate value and capital structure. The purpose of this paper is to provide reference to enterprises in the biomedical industry to solve problems caused by debt management.

Copyright

© 2021, 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  - Yu Wu
AU  - Bailin Yang
AU  - Liangchen Zhang
PY  - 2021
DA  - 2021/08/04
TI  - The Influence of Debt Management on Corporate Value
BT  - Proceedings of the  1st International Symposium on Innovative Management and Economics (ISIME 2021)
PB  - Atlantis Press
SP  - 194
EP  - 200
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210803.027
DO  - 10.2991/aebmr.k.210803.027
ID  - Wu2021
ER  -