The Capital Structure Condition Analysis And Countermeasure Research Of Public Corporations In China

The policy-making of capital structure is the core of the funding-raising policies. Rational capital structures not only improve the efficiency of company operation, but also help optimizing the resource combination of the whole society. Now, while China is transforming in economics, state-owned enterprises generally are in debts, the capital structures of public corporations are not rational either. Why? And how to solve these problems? What is the relation between the capital structure and the efficiency and profit of enterprise operation? These are the main issues of this thesis.First of all, this thesis reviews the development of capital structure theories. Second, it analyzes the macro and micro factors that affect the capital structure policy-making under marketing economics. Moreover, this thesis investigates the capital structures of Chinese enterprises and builds regression-analysis models to verify the relationship between capital structure and efficiency and profit of enterprise operation. Finally, this thesis gives suggestions to solve the problem of funding-raising partiality in public corporations in China.