The final model indicates that the PD of manufacturing firms is significantly relative to the 4 measures: return on equity, liquid ratio, the log of the total assets, working capital to total assets. 最后的回归模型表明,制造业企业的违约率与以下4个变量密切相关:净资产利润率、速动比率、总资产对数值、营运资金比率。
Voluntary disclosure of tourism listed companies was positively correlated with Return on Equity, Turnover of Total Assets, Operating Income Growth Rate, and was negative correlated with Debt to Asset Ratio and Jensen Index. 旅游上市公司自愿性信息披露与净资产收益率、总资产周转率、营业收入增长率呈现正相关关系,与资产负债率和詹森指数呈现负相关关系。
These three indicators are: rate of return on behalf of the total assets of profitability, growth rate of main business income on behalf of listed companies and the growth rate of assets and liabilities on behalf of solvency. 这三个指标分别是:总资产收益率代表盈利能力,主营业务收入增长率代表上市公司的成长性和资产负债率代表偿债能力。