The Research Capital Structure Optimization Of The Listed Company

The optimizing capital structure research is a hot area in financial management theory, whether is the existence of optimum capital structure? What are the factors and effects? How to determine optimal capital structure? This is the problem which the academia has been trying to resolve. In recent years, many foreign scholars in our capital structure of listed companies research shows that due to the market environment, enterprise systems and the differences in the financial system, the west capital structure theory can not explain listed companies financing in our country. How to use capital structure theory, analysis and research, in light of China's actual capital structure optimization of China's listed companies, has important historical value.As the Chinese capital market started late, the economic system is not perfect and the capital structure of listed companies has created many problems exist. Capital structure of the surface revealed the different sources of funds of enterprises, but in essence embodies the various funds of different property behind the main interdependent and interactive relationship. Capital structure is expressed by different groups of interest distribution pattern. My study of the capital structure of listed companies, not only to identify problems, but also to promote the healthy development of China's listed companies, improve their governance mechanisms will be of practical significance.In view of the western capital structural theory and the domestic scholar's research results, goes on the listed company capital structure present situation. This thesis thoroughly analyzed the reason which coursed the capital structure not superior, proved the optimum capital structure of the listed company and its influence factor, has discovered the definite method of optimum capital structure and the environment government means. The thesis divides four parts.This thesis analyzed capital structure theory at first. Obtained the certainty existing in optimum capital structure, and expound the positive and negative...