The Empirical Study About Effect Factors Of Capital Structure Of List Company In Information Technology Industry

Our country's information technology industry has became a forerunning, strategic and pillar industry which is very important in economic development with the aid of the revolutionary tide of new science-and-technology in the 1970's. With the outburst of financial crisis and the decrease of feed of global economics'development, the information technology industry has been affected by many instability and uncertainty factors. So do all list company in information technology industry. But what factors affect the company and the effect degree is it? Different company chose different means to deal with the affection. This can affect the company's market value and the efficiency of collocation of social resource. So it has very important practical significance that studying the problem of capital structure of List Company in information technology industry.The development of our capital markets was late. And the study of capital structure of company is in the infant stage, especially information technology industry List Company. The paper study the actual stage and affection factors of capital structure of List Company in information technology industry from multi-angle based on financial report of list company in information technology industry which are listed at Shenzhen stock exchange and Shanghai stock exchange. The time of chosen financial report is before and after the crisis, so comparative analysis is utilized. And the study means also include normative analysis and empirical analysis. The study results show that the capital structure of List Company in information technology industry is unreasonable; the industry's asset-liability ratio is lower than country's, the long term debt ratio is lower and the short term debt ratio is higher. Those illustrate that the financial leverage is not effectively used. And the capital structure of list company in information technology industry affected by several factors. This illustrate that the capital structure are sensitive for external economics circumstance and why many results of correlative researches is different. Solutions are carried out based on the study and those solutions support the optimization of capital structure of list company in information technology industry.