Information Engineering Institute, Wuhan College, Wuhan 430212, Hubei, China.
Comput Intell Neurosci. 2022 May 31;2022:2076830. doi: 10.1155/2022/2076830. eCollection 2022.
Financing structure is an important and very complex issue in the financial theory and the rights and obligations of relevant stakeholders of enterprises are also concentrated in the financing structure. Therefore, the financing structure has a significant impact on the value of enterprises. A reasonable financing structure is conducive to standardizing the behavior of enterprises and improving the value of enterprises. The change of corporate financing structure is often used as a signal to external investors about the company's future income expectations, especially because the financing structure has a certain impact on the company's performance, which makes the problem of financing structure more valued by the theoretical and financial circles. For the empirical information about company financing, this paper explores the influencing elements of the company's running overall performance assisted with the aid of the blockchain, and the net of matters provides a chain model and constructs the operating performance indicators according to the comprehensive score. We select the commercial credit financing rate, short-term loan financing rate, long-term loan financing rate, debt financing rate, equity financing rate, and endogenous financing rate. The control variables are total capital, ownership concentration, and average age of the company. The conclusion is drawn by regression analysis. Commercial savings financing rate, fairness financing fee, and endogenous financing fee are positively correlated with the working performance; short-term loans and average age of the company are negatively correlated with the operating performance; and long-term loan financing rate, bond financing rate, and equity concentration are not significantly correlated with the operating performance.
融资结构是财务理论中的一个重要且非常复杂的问题，企业相关利益者的权利和义务也集中在融资结构中。因此，融资结构对企业的价值有重大影响。合理的融资结构有利于规范企业行为，提高企业价值。企业融资结构的变化通常被用作向外部投资者传递公司未来收益预期的信号，尤其是因为融资结构对公司业绩有一定的影响，这使得融资结构问题更受理论和金融界的重视。对于公司融资的实证信息，本文借助区块链探索了公司整体运行业绩的影响因素，网络事项提供了一个链模型，并根据综合得分构建了运行绩效指标。我们选择了商业信用融资利率、短期贷款融资利率、长期贷款融资利率、债务融资利率、股权融资利率和内源融资利率。控制变量是总资本、所有权集中和公司平均年龄。通过回归分析得出结论。商业储蓄融资利率、公平融资费用和内源融资费用与工作绩效呈正相关；短期贷款和公司平均年龄与经营业绩呈负相关；长期贷款融资利率、债券融资利率和股权集中与经营业绩不显著相关。
