Research On Financing Behavior Of Listed Companies In Inner

Financing is the company to meet the economic behavior for their own funding needsand raising and concentration of funds, financing behavior of different forms of financingstructure and capital structure based on different, thus exerting great influence on thefinances of listing Corporation and the survival and development, because the financingbehavior of the listing Corporation as the core of financial management, and become thefocus of issues of concern. Because the cost of financing, corporate governance and marketenvironment and western developed countries have significant differences, the financingbehavior of China’s listing Corporation exhibit a characteristic and the developed countriesagainst the western financing theory, this seems to have lost explanatory power. In recentyears, the financing behavior of China’s listing Corporation led to the weakening is low,corporate governance structure and financing capital efficiency in the use of failure, theinterests of investors suffered losses, the company’s profitability and the allocation ofsocial resources is not reasonable, so the analysis and research about the financingbehavior of China’s listing Corporation has the important practical significance.According to the financing status of Inner Mongolia listing Corporation, the financingbehavior of listing Corporation and the existing mature western financing theories existdifference. At present, most of the countries of the financing behavior of listingCorporation basically follow the pecking order theory, namely the first internal financing,and then external financing; debt financing first, then equity financing in order, throughnearly ten years of Inner Mongolia listing Corporation financing data statistics, found theInner Mongolia listing Corporation debt financing preference strong. In30years of reformand opening up, China has gradually relaxed the financing behavior of enterprise marketrestrictions, especially the active development of the stock market, is intended to financethrough the market, not only enable enterprises to meet the needs of its profitability, safetyand liquidity, it is more important to the successful completion of the transformation ofjoint-stock enterprises, in order to establish the modern enterprise system, to improve thecorporate governance structure of the enterprise, but in fact most of the listing Corporationwill only financing as a way of running, without considering the needs of enterprises andlong-term development, have a negative effect on the healthy development of the capitalmarket. Therefore, research on status of Inner Mongolia listing Corporation financingbased on behavior, financing behavior of listing Corporation in Inner Mongolia area and the guidance of financing for Non-listed Company also has the profound significance.Based on the elaboration of the relevant theories of corporate financing, through thedescription of the status quo and characteristics Inner Mongolia listing Corporationfinancing behavior, financing behavior of listed in Inner Mongolia that exogenousfinancing proportion is larger than the endogenous financing, indirect financing is greaterthan the proportion of direct financing, debt financing than equity financing proportion ofcurrent situation, analyzes the reasons, characteristics of listing Corporation financingbehavior in Inner Mongolia area conclusion: the Inner Mongolia listing Corporation preferdebt financing, debt financing has a positive promoting effect on the listing Corporation,Inner Mongolia listing Corporation financing behavior choice is of all kinds of factorsspecific financing environment of the results, to further optimize the financing structure oflisting Corporation of Inner Mongolia, it is necessary to improve the corporate governancestructure, to prevent internal control; active mining listing Corporation endogenousfinancing, perfect capital market, provide the market operating efficiency, vigorouslydevelop the bond market.