The basic reason for most enterprises' poor performance is not because of the high Debt to Total Assets ratio, but because of the low capital utilizing efficiency.
大部分企业经济效益不佳的根本原因并不是因为其负债过高，而是资产利用效率低下。
Enterprises capital structure means the ratio of the debt to total assets.
企业资本结构指企业的负债与总资产的比率。
Debt ratio ratio of total liabilities to total assets.
债务比率总负债对总资产的比率。
But inconsistent with prior studies, the debt-to-asset ratio, the current ratio and the growth rate of total assets are not found to be associated with beta in our study.
与预期不一致的是，实证研究没有发现资产负债率、流动比率和总资产增长率对贝塔系数有显著影响。
But inconsistent with prior studies, the debt-to-asset ratio, the current ratio and the growth rate of total assets are not found to be associated with beta in our study.
与预期不一致的是，实证研究没有发现资产负债率、流动比率和总资产增长率对贝塔系数有显著影响。
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