| Capital structure influences a company's market performance by its influence on the company's management efficiency mainly in two approaches. One of them is the Debt Structure and the other one is the Stock Structure. This paper tries to find out a direction by which the company can optimize its market performance and realize the maximum the common interest of every partner of the company by demonstration research on the influence of the capital structure on the company performance.This paper separates its research into three respects as financial structure, debt structure and stock structure based on the meaning of its definition. Taking China's realty industry listed companies as object; the author makes his research on the factors' influence on company performance.In this thesis, taking the listed companies of China's realty industry as the subject, using the theory of capital structure the author makes detailed statistic analysis of their capital structure's characteristics. The author tries to find out the characteristic of China's realty industry listed companies capital. Afterwards, econometric testing was made on the influence of their capital structure over the company's performance. In this part of the thesis a regression model is built to test the influence of the chosen variables on the listed company's actual performances. Through this the author tries to make clear the direction of China's realty industry listed companies" capital structure optimization to direct China's realty industry listed companies to arrange their financing policies and optimize their capital structure reasonably. |
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