The Empirical Analysis of Small and Medium Sized Pharmaceutical Enterprises Operating Performance and Debt Source Structure

Abstract:

in this paper, take 30 enterprises from Shenzhen SME board and the GEM pharmaceutical industry as samples, using empirical methods to study the relationship between the pharmaceutical industry and business performance and debt source structure. The results showed that small and medium-sized pharmaceutical enterprises have a negative impact on business performance, and operating liabilities have a positive impact on business performance; compared with the small service enterprises, performance of small and medium-sized pharmaceutical enterprise is poor, because its operating liabilities rate is relatively low, and the financial leverage is higher. Therefore, when small and medium-sized pharmaceutical enterprise debt financing, financing should be appropriate for financial liabilities, and should strengthen the management of debt financing.

• Periodical: Applied Mechanics and Materials (Volumes 496-500)
• Pages: 2872-2875
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.496-500.2872
• Online since: January 2014
• Authors: Jian Jun Li
• Keywords: Debt Sources Structure, Financial Leverage, Medium-Sized Enterprise (SME), Operating Leverage, Operating Performance, Small Enterprises

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