The Empirical Research On Financial Lever Of The Listed Company

With the constant development of the stock market of our country, the listed company has a more and more important impact on social economic life. The rational application of the financial lever, is an important respect of the financial administration of listed company. It has important function in increasing the rights and interests of enterprise and controlling appropriate financial risk, So it has very strong realistic meanings to carry on further investigation on this question.Firstly, this thesis analyzes the actuality of the Chinese and foreign academia all-sided about the financial lever, and grasps the forward position trends. Secondly, relatively appropriate research samples, financial indexes and research approaches are chose in the second part in the thesis, and studying suppose is put forward, in preparation for carrying on the empirical work. The third part makes it clear about the main theorem and rule of financial lever, which is the theoretical foundation as this thesis. The four and the fifth part are focal points of the thesis, which use the sample data to carry on reasoning, calculating and analyzing that is proved, and drawing the conclusion. First of all, it has empirical research on collectivity, distribution, trade level and domino effects of financial lever, and analyzes our country's application of the financial lever at present. Then, it verifies the inside and outside factors that influence the financial lever through the way of empirical work, and compares the result of study with relevant theories and domestic and international positive research of empirical work. On the basis of this, it explores in carrying on the financial lever optimum and regularly. The final part summarizes the full thesis, puts forward some suggestions, and points out the limitations of the existence in this thesis.The research of this thesis has certain guidance functions to the choice of the financial lever of listed company, and there is sure meaning to the theoretical research of this question for reference.