Empirical study on financial risk factors: Capital structure, operation ability, profitability, and solvency ——evidence from listed companies in China

Gang Fu, Weilan Fu and Dan Liu
Additional contact information
Gang Fu: College of Economics and Management, Sichuan Agricultural University 211 Huiming Road, Wenjian District, Chendu City, Sichuan 611130, China
Weilan Fu: College of Economics and Management, Sichuan Agricultural University 211 Huiming Road, Wenjian District, Chendu City, Sichuan 611130, China
Dan Liu: College of Economics and Management, Sichuan Agricultural University 211 Huiming Road, Wenjian District, Chendu City, Sichuan 611130, China

E3 Journal of Business Management and Economics., 2012, vol. 3, issue 5, 173-178

Abstract: This study analyzes financial risk factors of China’s Small and medium-sized enterprises (SMEs), employing Alexander Bathory model for the currently available data on the small and medium enterprise board in Shenzhen Stock Exchange. Financial risk is measured by the Alexander Bathory model. The financial risk was found to be significant and negative correlation with the current ratio, net profit margin, net asset ratio, fixed assets ratio, and to weakly relate with fixed asset turnover, total asset turnover, while there are no significant correlation between financial risk and debt structure, inventory turnover, accounts receivable turnover.

Keywords: Financial risk; Capital structure. (search for similar items in EconPapers)
Date: 2012-05
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.e3journals.org/cms/articles/1338700934_Fu.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:etr:series:v:3:y:2012:i:5:p:173-178

Access Statistics for this article

More articles in E3 Journal of Business Management and Economics. from E3 Journals
Bibliographic data for series maintained by Andrew Godwin ( this e-mail address is bad, please contact ).