Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China

Lu Lianju; Zhang Haiying; Feng Yuanhe; Wu Han; Chen Yihang

doi:doi:10.11648/j.si.20231101.16

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Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China

Lu Lianju, Zhang Haiying, Feng Yuanhe, Wu Han, Chen Yihang

Published in Science Innovation (Volume 11, Issue 1)

Received: 8 January 2023 Accepted: 18 February 2023 Published: 24 February 2023

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Abstract

Profitability is an important embodiment of the financial competitiveness and operating performance of enterprises, and the capital structure affects the profitability of enterprises by affecting the solvency and operating ability of enterprises. The optimization of capital structure is the key way to improve the profitability of enterprises. China's sports industry, as an emerging industry, has shown a rapid growth momentum. The total output value of the sports industry has exceeded 3 trillion yuan in 2021, which will play an increasingly important role in promoting economic development. Studying the correlation between the capital structure and profitability of sports enterprises is of great significance to the development of the sports industry. This paper selects 10 A-share listed sports enterprises in China from 2017 to 2021 as the research object, and establishes regression model to empirically analyze the impact of asset structure of sports listed companies on profitability based on the analysis of the financial status of sports listed companies. The research results show that the proportion of current assets, fixed assets and inventory of sports industry listed companies is not significantly related to profitability, while the proportion of monetary capital is positively related to profitability, and the growth rate of total assets also has a positive role in promoting the improvement of corporate profitability. The research results of this paper show that the stronger the liquidity of the assets of sports enterprises and the expansion of the asset scale have an obvious effect on the improvement of the profitability of enterprises, which provides a reference for Chinese sports enterprises to optimize the asset structure and improve the profitability.

Published in	Science Innovation (Volume 11, Issue 1)
DOI	10.11648/j.si.20231101.16
Page(s)	33-38
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Sports Industry, Capital Structure, Profitability

References

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APA Style

Lu Lianju, Zhang Haiying, Feng Yuanhe, Wu Han, Chen Yihang. (2023). Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China. Science Innovation, 11(1), 33-38. https://doi.org/10.11648/j.si.20231101.16

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ACS Style

Lu Lianju; Zhang Haiying; Feng Yuanhe; Wu Han; Chen Yihang. Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China. Sci. Innov. 2023, 11(1), 33-38. doi: 10.11648/j.si.20231101.16

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AMA Style

Lu Lianju, Zhang Haiying, Feng Yuanhe, Wu Han, Chen Yihang. Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China. Sci Innov. 2023;11(1):33-38. doi: 10.11648/j.si.20231101.16

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@article{10.11648/j.si.20231101.16,
  author = {Lu Lianju and Zhang Haiying and Feng Yuanhe and Wu Han and Chen Yihang},
  title = {Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China},
  journal = {Science Innovation},
  volume = {11},
  number = {1},
  pages = {33-38},
  doi = {10.11648/j.si.20231101.16},
  url = {https://doi.org/10.11648/j.si.20231101.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20231101.16},
  abstract = {Profitability is an important embodiment of the financial competitiveness and operating performance of enterprises, and the capital structure affects the profitability of enterprises by affecting the solvency and operating ability of enterprises. The optimization of capital structure is the key way to improve the profitability of enterprises. China's sports industry, as an emerging industry, has shown a rapid growth momentum. The total output value of the sports industry has exceeded 3 trillion yuan in 2021, which will play an increasingly important role in promoting economic development. Studying the correlation between the capital structure and profitability of sports enterprises is of great significance to the development of the sports industry. This paper selects 10 A-share listed sports enterprises in China from 2017 to 2021 as the research object, and establishes regression model to empirically analyze the impact of asset structure of sports listed companies on profitability based on the analysis of the financial status of sports listed companies. The research results show that the proportion of current assets, fixed assets and inventory of sports industry listed companies is not significantly related to profitability, while the proportion of monetary capital is positively related to profitability, and the growth rate of total assets also has a positive role in promoting the improvement of corporate profitability. The research results of this paper show that the stronger the liquidity of the assets of sports enterprises and the expansion of the asset scale have an obvious effect on the improvement of the profitability of enterprises, which provides a reference for Chinese sports enterprises to optimize the asset structure and improve the profitability.},
 year = {2023}
}

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TY  - JOUR
T1  - Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China
AU  - Lu Lianju
AU  - Zhang Haiying
AU  - Feng Yuanhe
AU  - Wu Han
AU  - Chen Yihang
Y1  - 2023/02/24
PY  - 2023
N1  - https://doi.org/10.11648/j.si.20231101.16
DO  - 10.11648/j.si.20231101.16
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 33
EP  - 38
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20231101.16
AB  - Profitability is an important embodiment of the financial competitiveness and operating performance of enterprises, and the capital structure affects the profitability of enterprises by affecting the solvency and operating ability of enterprises. The optimization of capital structure is the key way to improve the profitability of enterprises. China's sports industry, as an emerging industry, has shown a rapid growth momentum. The total output value of the sports industry has exceeded 3 trillion yuan in 2021, which will play an increasingly important role in promoting economic development. Studying the correlation between the capital structure and profitability of sports enterprises is of great significance to the development of the sports industry. This paper selects 10 A-share listed sports enterprises in China from 2017 to 2021 as the research object, and establishes regression model to empirically analyze the impact of asset structure of sports listed companies on profitability based on the analysis of the financial status of sports listed companies. The research results show that the proportion of current assets, fixed assets and inventory of sports industry listed companies is not significantly related to profitability, while the proportion of monetary capital is positively related to profitability, and the growth rate of total assets also has a positive role in promoting the improvement of corporate profitability. The research results of this paper show that the stronger the liquidity of the assets of sports enterprises and the expansion of the asset scale have an obvious effect on the improvement of the profitability of enterprises, which provides a reference for Chinese sports enterprises to optimize the asset structure and improve the profitability.
VL  - 11
IS  - 1
ER  -

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Author Information

Lu Lianju

College of Marxism/College of General Education, Liaoning University of International Business and Economics, Dalian, China
Zhang Haiying

College of Marxism/College of General Education, Liaoning University of International Business and Economics, Dalian, China
Feng Yuanhe

School of Economics, Liaoning University of International Business and Economics, Dalian, China
Wu Han

School of Economics, Liaoning University of International Business and Economics, Dalian, China
Chen Yihang

School of Economics, Liaoning University of International Business and Economics, Dalian, China

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Plain Text BibTeX RIS

APA Style

Lu Lianju, Zhang Haiying, Feng Yuanhe, Wu Han, Chen Yihang. (2023). Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China. Science Innovation, 11(1), 33-38. https://doi.org/10.11648/j.si.20231101.16

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ACS Style

Lu Lianju; Zhang Haiying; Feng Yuanhe; Wu Han; Chen Yihang. Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China. Sci. Innov. 2023, 11(1), 33-38. doi: 10.11648/j.si.20231101.16

Copy | Download

AMA Style

Lu Lianju, Zhang Haiying, Feng Yuanhe, Wu Han, Chen Yihang. Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China. Sci Innov. 2023;11(1):33-38. doi: 10.11648/j.si.20231101.16

Copy | Download

@article{10.11648/j.si.20231101.16,
  author = {Lu Lianju and Zhang Haiying and Feng Yuanhe and Wu Han and Chen Yihang},
  title = {Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China},
  journal = {Science Innovation},
  volume = {11},
  number = {1},
  pages = {33-38},
  doi = {10.11648/j.si.20231101.16},
  url = {https://doi.org/10.11648/j.si.20231101.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20231101.16},
  abstract = {Profitability is an important embodiment of the financial competitiveness and operating performance of enterprises, and the capital structure affects the profitability of enterprises by affecting the solvency and operating ability of enterprises. The optimization of capital structure is the key way to improve the profitability of enterprises. China's sports industry, as an emerging industry, has shown a rapid growth momentum. The total output value of the sports industry has exceeded 3 trillion yuan in 2021, which will play an increasingly important role in promoting economic development. Studying the correlation between the capital structure and profitability of sports enterprises is of great significance to the development of the sports industry. This paper selects 10 A-share listed sports enterprises in China from 2017 to 2021 as the research object, and establishes regression model to empirically analyze the impact of asset structure of sports listed companies on profitability based on the analysis of the financial status of sports listed companies. The research results show that the proportion of current assets, fixed assets and inventory of sports industry listed companies is not significantly related to profitability, while the proportion of monetary capital is positively related to profitability, and the growth rate of total assets also has a positive role in promoting the improvement of corporate profitability. The research results of this paper show that the stronger the liquidity of the assets of sports enterprises and the expansion of the asset scale have an obvious effect on the improvement of the profitability of enterprises, which provides a reference for Chinese sports enterprises to optimize the asset structure and improve the profitability.},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Research on the Impact of Capital Structure on Profitability of Listed Sports Industry Companies in China
AU  - Lu Lianju
AU  - Zhang Haiying
AU  - Feng Yuanhe
AU  - Wu Han
AU  - Chen Yihang
Y1  - 2023/02/24
PY  - 2023
N1  - https://doi.org/10.11648/j.si.20231101.16
DO  - 10.11648/j.si.20231101.16
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 33
EP  - 38
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20231101.16
AB  - Profitability is an important embodiment of the financial competitiveness and operating performance of enterprises, and the capital structure affects the profitability of enterprises by affecting the solvency and operating ability of enterprises. The optimization of capital structure is the key way to improve the profitability of enterprises. China's sports industry, as an emerging industry, has shown a rapid growth momentum. The total output value of the sports industry has exceeded 3 trillion yuan in 2021, which will play an increasingly important role in promoting economic development. Studying the correlation between the capital structure and profitability of sports enterprises is of great significance to the development of the sports industry. This paper selects 10 A-share listed sports enterprises in China from 2017 to 2021 as the research object, and establishes regression model to empirically analyze the impact of asset structure of sports listed companies on profitability based on the analysis of the financial status of sports listed companies. The research results show that the proportion of current assets, fixed assets and inventory of sports industry listed companies is not significantly related to profitability, while the proportion of monetary capital is positively related to profitability, and the growth rate of total assets also has a positive role in promoting the improvement of corporate profitability. The research results of this paper show that the stronger the liquidity of the assets of sports enterprises and the expansion of the asset scale have an obvious effect on the improvement of the profitability of enterprises, which provides a reference for Chinese sports enterprises to optimize the asset structure and improve the profitability.
VL  - 11
IS  - 1
ER  -

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