Appended Note 1-6 Analysis of Borrowings Change for Listed Companies

[Toc]  [Prev]  [Next]

<Analytical model>

Borrowings change = Constant term

+ Ratio of ordinary profit on sales + Capital adequacy ratio + Fluctuations in volume of sales dummy

+ Decline in corporate bonds dummy + Increase in corporate bonds dummy + Industry dummy

chart

[Toc]  [Prev]  [Next]