The Study Of The Capital Structure Optimization Of Listed Companies In China

China is now in the period of economic transformation characterized by heavy industry.Coal chemical industry as a mature one is currently playing a decisive role in the national economy.But the development of the coal chemical industry will be confronted with profound changes in the wake of the advancement of industrialization process and the transformation of the mode of development.Of course, the developing direction and trend of listed companies of coal chemical industry as a leading industry group can't be ignored.As a distinctive industry in the stock market,their influence on the development of the stock market,national economy and the industry can't be underestimated.Now green economy and low-carbon economy have been put a high degree of national strategy to be considered,which certainly produces a vital effect on energy-consuming and sewage-disposing type coal chemical industry.In addition,listed companies of coal chemical industry face heavy problems like poor capital structure and dual ownership structure.These poor problems have a profound effect on the profitability and develop capabilities of coal chemical industry.So,how to optimize the capital structure of listed companies of coal chemical industry has been a pressing problem that puzzles these listed companies.This article will closely centers on how to optimize the capital structure of listed companies of coal chemical industry to unfold the statements.First this article carries selective analysis on current capital structure situation and impact factor of listed companies of coal chemical industry.Then this article emphatically expounds the cause and negative impact of the phenomenon of the equity financing preference in these listed companies.In the end,this article puts forward the optimizing way of the capital structure and related policy advisement.