A Theoretic And Positive Study On The Debt And Capital Structure Of Listed Company Of China

This article has great theoretical meaning for the study of debt and capital structure in list companies. It affords theoretical explanation for problems such as: Should enterprises mainly depend on internal out of pocket money to try for development or collect chief capital resource externally; when finance from outside, should we adopt the form of issuing bonds or securities.At the same time, the change of debt and capital structure can affect enterprises market value, then their management efficiency, internal administration structure and their sustainable development. Capital structure also has effect on the behavior of managers and further influents the growth and stability of integral economy of a country or region.Therefore, the theory about enterprises debt and capital structure can from micro-thought provide theoretic instruction and operation manual for enterprises especially for list companies to advance their management efficiency, to improve their internal administration structure and to carry out sustainable development strategy; and from macro-thought can exploit thoughts for the reform to develop and perfect capital market, to establish modern enterprise system, to realize lasting and steady growth of national economy.