Research on Debt Financing Influencing Factors of China Shipping Supply Chain Enterprises

DOI

10.2991/mehss-18.2018.86How to use a DOI?

Keywords

Shipping supply chain, Debt financing, Multiple regressions.

Abstract

Based on the MM theory, the financial data between 2013 and 2016 is chosen from 31 listed shipping supply chain enterprises in the paper, to empirically analyze the influencing factors of debt financing ways for China shipping supply chain enterprises. The main conclusions of this paper were as follows: (1) For the profitability, return on net assets ratio exerts a significant positive impact on the debt financing ways of the shipping supply chain enterprises. (2) For the repaying capability, the current ratio and shareholders’ equity ratio have a significant negative effect on the debt financing ways of the shipping supply chain enterprises; nevertheless, the quick ratio makes a significant positive difference in the debt financing ways of the shipping supply chain enterprises; (3) For the operational capabilities, the fixed assets ratio has a significant negative impact on the debt financing ways of the shipping supply chain enterprises; while days sales of inventory wields a significant positive influence on the debt financing ways of the shipping supply chain enterprises.

Copyright

© 2018, 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  - Yiqiu Wen
PY  - 2018/04
DA  - 2018/04
TI  - Research on Debt Financing Influencing Factors of China Shipping Supply Chain Enterprises
BT  - Proceedings of the 2018 International Conference on Management and Education, Humanities and Social Sciences (MEHSS 2018)
PB  - Atlantis Press
SP  - 423
EP  - 429
SN  - 2352-5398
UR  - https://doi.org/10.2991/mehss-18.2018.86
DO  - 10.2991/mehss-18.2018.86
ID  - Wen2018/04
ER  -