An Empirical Study On The Finance Structure And Operating Performance For Chinese Listed Companies

China is the biggest developing country in the world and has the capital market with the highest developing potential .With the developing and mature of the Chinese market-oriented economy, more and more companies will go listed and more and more capital will be required for these Chinese companies. How do these listed companies make e a choice in front of the multi finance channels? Finance structure theory entered the main Economics research views from 1950's on. The reason that economists focus on corporate finance structure theory lies in three aspects: the first reason is finance structure will affect corporation's financing cost and corporation's market value. For the second, finance structure will have some effect on the corporation governess which is the contractual relationship between managers, shareholders and owners. The third reason lies in such aspect that finance will affect the enterprise's performance growth and stability through enterprise behaviors And capital market operation. In this paper, finance structure means the separate capital origin , that is, the composition for different finance channels, it can also be looked as the separate part in the right of the balance sheet. EVA theory is the latest enterprise performance evaluating method. Through caring about the capital's equity cost , it analyses the enterprise's economical profit. So it is a scientific...