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Research Paper | Economics & Management | China | Volume 8 Issue 4, April 2019

The Impact of Enterprise EnterpriseAsset-Backed Securitization on the Profit Level of Enterprises

Xianghong Bai

Abstract: This paper uses the quarterly data of listed companies from September 2015 to September 2018 to verify the impact of Enterprise EnterpriseAsset-Backed Securitization on corporate profitability through fixed-effects testing and DiffGMM. The results of the inter-group test of effect analysis show that the Enterprise EnterpriseAsset-Backed Securitization has a significant impact on the profit level of enterprises, and it is found that the higher degree of EnterpriseAsset-Backed Securitization, the higher the profit level of enterprises, and The results show that there is a significant positive correlation betweenthe degree of Enterprise EnterpriseAsset- Backed Securitization and the profit level of enterprises. Further examination results show that the degree of EnterpriseAsset-Backed Securitization and corporate profitability are significantly different between the sample with larger market capitalization and the smaller sample of market capitalization. It is found that the relationship between the two is not significant in large-scale enterprises, and the Enterprise EnterpriseAsset-Backed Securitization has a significant effect on the improvement of corporate profitability in the sample of small enterprises.

Keywords: EnterpriseAsset-Backed Securitization, Enterprise, DifGMM, The Profit Level of Enterprises

Edition: Volume 8 Issue 4, April 2019,

Pages: 962 - 968

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