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http://dx.doi.org/10.5392/JKCA.2021.21.02.548

The Influences of Fixed Assets on Corporate Performance - Evidence from Manufacturing-listed Companies in China  

Lv, Yeqing (경희대학교 마게팅학과)
Zheng, Ziyang (건국대학교 부동산학과)
Wang, Yuan (건국대학교 부동산학과)
Publication Information
The Journal of the Korea Contents Association / v.21, no.2, 2021 , pp. 548-561 More about this Journal
Abstract
Manufacturing is a pillar industry for national economic growth. Analyzing the internal problems of manufacturing enterprises can solve the difficulties faced by manufacturing enterprises and improve the overall performance of manufacturing enterprises.This study selected 1,546 listed manufacturing companies in Shenzhen and Shanghai stock markets from 2009 to 2015, and empirically analyzed the relationship between fixed assets and corporate performance by using the fixed effect model and the two-way fixed effect model.The study finds 1) the scale of fixed assets has a negative effect on corporate performance. 2) the quality of fixed assets has a weak positive relationship with fixed assets. 3) the growth rate of fixed assets impacts corporate performance positively.
Keywords
Fixed Assets; Manufacturing Companies; Corporate Performance; Chinese Listed Companies;
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