摘要
以资产负债率作为反映互联网保险公司资本结构指标,选用12个指标作为资本结构影响因素,并以我国最具代表性的众安保险为例,进行相关性研究分析。结论显示:互联网保险公司资产负债率远低于传统保险公司,公司的资产结构与资本结构存在显著的正相关关系,公司规模、盈利能力与资本结构存在较弱的正相关关系。公司成长性、资产流动性、营运能力与资本结构存在负相关关系,其中公司成长性、资产流动性对资本结构的负向影响较为显著。为了优化资本结构,应拓宽筹资渠道,调整筹资结构;加大科技投入,提高无形资产比重;提高资金利用率,完善资本管理制度;提高营业收入,降低综合成本率。
This paper takes the asset-liability ratio as an indicator to reflect the capital structure of Internet insurance companies,selects 12 indicators as the influence factors of the capital structure and takes the most representative example of Zhong' an Insurance as an example to carry out the correlation analysis. The conclusion shows that the ratio of assets to liabilities of Internet insurance companies is much lower than that of traditional insurance companies,and there is a significant positive correlation between the assets structure and capital structure of the companies,a weak positive correlation between company size and profitability and capital structure,a negative correlation between the growth,liquidity of assets,operating capacity and capital structure,among which the growth and liquidity of assets have a more significant negative impact on capital structure. In order to optimize the capital structure,we should broaden the financing channels,adjust the financing structure,increase investment in science and technology,increase the proportion of intangible assets,improve the utilization of funds,improve the capital management system,increase operating income and reduce the overall cost rate.
引文
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