会计学专业 企业股权结构对偿债能力的影响—以深圳市深粮控股股份有限公司为例

浅析企业股权结构对企业偿债能力的影响——以深圳市深粮控股股份有限公司为例摘要偿债能力这个财务指标对于衡量企业的经营能力有着极其重要的作用。本文采用了文献分析法和案例分析方法，以深圳市深粮控股股份有限公司作为研究案例，通过分析深粮控股公司公开发布的股东持股数据和财务数据来研究股权结构对企业偿债能力的影响。经研究发现，企业在 2018 年前后股权结构发生从少数股东相对控股到高度集中的转变，偿债能力随之变弱。2007 年至 2013企业前五大以及前十大股东持股比例之和与偿债能力符合正相关关系。根据案例分析结果对上市公司合理优化股权结构提高偿债能力提出了以下三点建议：(1)适中的降低第一大股东的持股比例；（2）发展机构投资者；(3)运用股权激励手段；关键词：股权结构；偿债能力；资产负债率；流动比率；速动比率1Analysis of the impact of enterprise equity structure on enterprise solvencyAbstractDebt solvency, a financial indicator, plays an extremely important role in measuring an enterprise ’s operating capacity. This article uses literature analysis and case analysis methods, taking Shenzhen Shenliang Holdings Co., Ltd. as a research case, and analyzing the shareholding data and financial data released by Shenliang Holdings to study the equity structure's ability to solve the debt of the enterprise influences. The research found that the shareholding structure of the company changed from a relatively minority shareholder to a highly concentrated shareholder around 2018, and the solvency became weaker. From 2007 to 2013, the sum of the top five and top ten shareholders' shareholdings and the solvency are in a positive correlation. According to the results of the case analysis, the following three suggestions are proposed for the rational optimization of the equity structure of the listed company to improve its solvency: (1) Moderately reduce the shareholding ratio of the largest shareholder; (2) Development of institutional inve...