| The research of the relationship between the companies' capital structure and the performance becomes the focus of the theoretical research and practical research, also is a financial question. Formerly the researcher were many by the sole financial norm studied the capital structure and the achievements relations, the findings reliability is not high, the comprehensive achievements target and the EVA per capital are used to describe the relationship between the companies' capital structure and the performance, In order to more accurate assurance two between relations.First chapter introduce capital structure theories in different developing stages,measuring indexes and methods for operation performance , theoretical analysis on the relativity between capital structure and operation performance.The second chapter in a company which selects December 31, before 1999 to go on the market rejects in 2000 -2005 year by ST, PT as well as the achievements exceptionally after 11 agriculture goes on the market the company is the sample,The sectional data from 11 companies in communications and transportation industry, which are listed before 2000 Rates of Debts of Sample Company and the EVA per capital, And the use at present in the popular econometrics factor analytic method obtains the sample comprehensive Achievements.target. In order to can the comprehensive reflection agriculture go on the market company's management condition, this article selects in various companies 6 year after year reports each target mean value for the research target.Third chapter We find their capital structure and firm performance are related significantly. Then the section data are quadric regressed, the result is also related, which indicates that the capital structure of listed companies has the best range only with the sectional data from 2000 to 2005.Finally, draw conclusions and discussion to the relationship between the companies' capital structure and the performance。... |
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