Study On The Financing Structure Of The Agriculture-listed Company In China

The finance structure means composition and ratio among different items of the funds that the enterprises collect. In the company finance practices, it is always divided into two parts by different sources of the funds, one is inner finance, and the other is outer finance. The former includes the depreciation and the retained income. The latter includes the share- ownership finance and liabilities finance. Whether finance structure of the listed companies is scientific and reasonable affects directly the capital cost level, the achievement of maximum aim and it is also the bottleneck which can restrict the development of the company. So it is very important to improve the finance structure and regulate the collecting behaviors for the listed companies which are poor in achievement.Basing on modern financing structure theory, taking on the finance structure of the agricultural listed companies as the study object, using the method which comprise the theoretical analysis and policy research,Qualitative analysis and quantitative analysis and contrast study , applying the knowledge of economics and finical management ,the paper makes a deep study on the agricultural listed companies of our country . The paper includes six parts: The first part is introduction. The second part is the summarizes of the present study situation. The aim is to introduce the related theory of the finance structure, which can lay the foundation for the latter article. The third part analyses the present situation of the finance structure of the agriculture listed company. When the agricultural listed companies select the finance method, they first select the outer finance and then the inner finance, the concrete performance is first share- ownership finance, then liabilities finance and then the inner finance. The fourth part is the analysis of the reasons for which the agricultural listed companies of our country prefer the share- ownership finance or liabilities finance the fifth part is the effect which the finance structure makes on the agricultural listed companies. The sixth part is the measures and suggestion to improve capital structure of the agriculture listed companies. This part takes the maximum of the market valuation as the aim of improvement of the capital structure, and then presents the concrete measure to improve the capital structure of the agriculture listed companies.