Study On Capital Structure In Real Estate Based On The Macro-control

The inhibition of comprehensive severe macroeconomic regulation and control to the real estate market is self-evident. A series of policies promulgated by the state, gradually standardize and improve the real estate industry from the land supply, bank credit, profession supervision, and other respects. All these sectors will increase the barriers to entry. Those funds that are small, lack of capacity of sustainable development will be gradually eliminated by the market, while the ones with brand-scale and core competitiveness of the company will continue to get stronger, thus the survival pressure of real estate company is increasing day by day.This paper through analyzing the macro-control of the market transmission mechanism and the economic effect caused by the macro-control, bring out the optimization of the real estate capital structure based on regulatory constraints, and find out the path to achieve sustainable development for the real estate industry under the macro-control in China. If the government's regulation and control policies and measures will treat the domestic real estate from the surface, this paper would like to find out the root of the problem in real estate industry, to propose specific solutions, and to promote the sustained healthy development of the real estate industry. It is the precise purpose of this paper.The main study content of this paper:(1) On the basis of affirming that the capital structure has impact on the enterprise value, systematically analysis the impact of macro-control environment on the capital structure choice.(2) Through systematically analyzing the different transmission mechanism and economic effects of all types of real estate macro control policies on the real estate , proposed regulation and control policies to reflect their own, mainly for restructuring capital structure. Different control policies will enable enterprises to make different choices of capital structure. (3) On the basis of systematically studying that Macro-control has impact on the capital structure choice; bring out measures to optimize the capital structure according to China's realities...