Ying Liu1, Shixin Fan1 and Lin Wei2
1School of Statistics, Dongbei University of Finance and Economics, Dalian 116025, Liaoning, China
2Dalian Bureau of Statistics, Dalian 116001, Liaoning, China
Industrial enterprises are an important subject in the economy of Dalian, especially the economic development of large and medium-sized industrial enterprises plays an important role in the national economy. In recent years, with the gradual expansion of China's overall debt scale, the total debt of large and medium-sized industrial enterprises in Dalian is also growing. The appropriate debt of enterprises is conducive to improving the efficiency of capital use, promoting the renewal and R & D of products and the transformation and upgrading of industries. However, excessive leverage will bring greater financial risks. Both high liabilities are solidified into productivity traps such as production equipment and zombie enterprises with low added value or even backward production capacity, which has become one of the main obstacles to the transformation and upgrading of large and medium-sized enterprises. In this context, deleveraging and risk prevention have become an urgent problem to be solved in Dalian's economic development.
Industrial Enterprises, Leverage Ratio, Production Subsidies, Structural Adjustment
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