| Co-alignment between Environment Risk, Capital Structure,Growth and High-tech Firm Performance |
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| 作者姓名： | 李延喜 包世泽 |
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| 作者单位： | School of Management Dalian University of Technology，School of Management，Dalian University of Technology，Dalian 116024，China，Dalian 116024，China |
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| 基金项目： | Foundation items The Fok Ying-Tong Education Foundation for Young Teachers in the Higher Education Institutions of China （No. 101086） and Science and Technology Foundation of Liaoning Province （ No. 1051354） |
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| 摘 要： | To examine whether there is a co-alignment relationship between environment risk, capital structure, growth and high-tech firm performance, the environment risk was measured from the viewpoint of environment change, the long-term debt ratio was adopted as the measure of the capital structure, and the total asset growth and sales growth were chosen to measure the growth of high-tech firms. Regression analysis shows that there is a significant relationship between environment risk, growth and performance of high-tech firms measured by the return on equity and cash flow, respectively.
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| 关 键 词： | 环境风险 资金结构 增长性 高科技公司 |
| 文章编号： | 1005-2429（2007）03-0236-06 |
| 修稿时间： | 2006-09-20 |
Co-alignment between Environment Risk, Capital Structure, Growth and High-tech Firm Performance |
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| LI Yan-xi,BAO Shi-ze.Co-alignment between Environment Risk, Capital Structure,Growth and High-tech Firm Performance[J].Journal of Southwest Jiaotong University,2007,15(3):236-241. |
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| Authors: | LI Yan-xi BAO Shi-ze |
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| Institution: | School of Management, Dalian University of Technology, Dalian 116024, China |
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| Abstract: | To examine whether there is a co-alignment relationship between environment risk, capital structure, growth and high-tech firm performance, the environment risk was measured from the viewpoint of environment change, the long-term debt ratio was adopted as the measure of the capital structure, and the total asset growth and sales growth were chosen to measure the growth of high-tech firms. Regression analysis shows that there is a significant relationship between environment risk, growth and performance of high-tech firms measured by the return on equity and cash flow, respectively. |
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| Keywords: | Environment risk Capital structure Growth Firm performance High-tech firm |
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