| Capital structure influences a company's market performance by its influence on the company's management efficiency mainly in two approaches. One of them is the Debt Structure and the other one is the Stock Structure. While, company's performance has a counteractive to the capital structure because of the imperfect of the market, tax, bankruptcy cost and information asymmetry. This paper tries to find out a direction by which the company can optimize its market performance and realize the maximum the common interest of every partner of the company by empirical study on the influence of the capital structure on the company performance.In this thesis, the author separates its study into three respects as financial structure, debt structure and stock structure based on the meaning of its definition. Taking the listed companies of China's military industry as the subject, using the theory of capital structure the author makes detailed statistic analysis of their capital structure's characteristics. Afterwards, the disparity between the listed companies of China's military industry and foreign military leaders was elaborated. At last, the author makes a study on the relationship between capital structure and company's performance by two-way empirical study. In this part of the thesis a regression model is built to test the influence of the chosen variables. Through this the author tries to make clear the direction of China's military industry listed companies' capital structure optimization to direct China's military industry listed companies to arrange their financing policies and optimize their capital structure reasonably. |
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