A Study Of Smart Industry On Debt Financing And Corporate Performance

Debt financing is the important part of modern capital structure theory, due to the debt financing possess tax shield effect and other effects, it is good to improve business performance, simultaneously it can incentives and constraints agent and to improve the efficiency of corporate governance, so it has very important significance on Studying debt financing.Intelligent industrial is a new mode of production which is accompanied science development, is the core factor in the development of manufacturing of industry 4.0era. intelligent industrial in Our country is lagging behind other developed countries,and is at an important period of transformation and upgrading,the effect on the operation of the capital directly determine Our country can grasp good opportunity in the Industry 4.0 era. Therefore, it is essential to show the conditions intelligent industrial and debt financing, to research the impact of debt on enterprise performance,and to make the appropriate adjustments and optimization on the Research results.The study of this paper focuses on the influence and relationship between debt financing and business performance of intelligent industrial. Firstly, analyzing the relevant and existing research. Secondly, studying the impact of debt financing on intelligent industrial's performance through some related theories. Thirdly, getting comprehensive performance score through structuring quantitative models and operating factor analysis on 20 financial indicators, and the result will establish panel data regression model with other research and control variables, correlation function of dependent variable and the explanatory variables will be showed. Finally, this paper will summary the empirical results and put forward relevant optimized suggestion.Empirical research of this paper show: the structure of the current Asset-liability ratio is irrational in intelligent industrial, debt financing and corporate performance have negative correlation; Asset-liability ratio and corporate performance have quadratic function relationship, corporate performance drop after increase by following debt financing, and they shape “U” structure cartoon; short-term Asset-liability ratio have high proportion in the debt structure and they have positivecorrelation; Long-term Asset-liability ratio financing have low proportion in the debt structure and they have negative correlation.