Research On China's Listed Companies Financing Irrational Behavior

China's listed company is the emergence and development of capital markets and the development of the inseparable. After more than ten years of development, China's capital market has changed dramatically, the rapid increase in the number of listed companies, have been expanding, has become a full-scale capital markets. As an important part of the national economy of the listed companies, their behavior is reasonable financing is essential that it not only affects the operational effectiveness of the company, shareholders of listed companies as well as the financing structure and internal management structure is reasonable, but it will also affect the stock market allocation of resources function effectively, the impact on the stock market's sustained and healthy development. China's listed companies is also difficult to finance acts of norms and reasonable. Some listed companies to obtain low-cost funds in the stock market as a place, often ignoring their own actual situation, one after another through the initial public offering of stock, shares, the issuance of new shares such as financing; some listed companies in order to re-financing, even at the cost to Counterfeiting and other illegal means to deceive investors in small-Canton; listed companies have not raised the effective use of funds, resulting in an enormous waste, and the results of listed companies led to the decline in asset quality, efficiency down, or even a loss year after year. Many listed companies are in complete departure from the finance company to maximize the value of the basic objectives.This article is from the main content analysis of the behavior of listed companies financing the general theory start with a focus on analysis of China's listed company's capital structure and the related financing irrational behavior and its hazards, an analysis of China's listed companies financing irrational behavior causes In our country to guard against irrational response in financing the introduction of financial management, financial management focus from the point of view put forward a solution to China's listed companies such irrational behavior of the financing method proposed by the other listed companies in China to guard against irrational behavior of an effective financing Countermeasures.This article is divided into five chapters, in part as follows:Chapter 1, this chapter focuses on the financing of listed companies conduct research background and significance, and this article describes the research methods to study the idea of a framework arrangement with the main contents of this article, as well as innovation. In the West of financing acts of theory and a systematic review, to the back of each chapter has done a study of the theory of bedding.Chapter 2, listed company general theory of finance, this chapter details the concept of the financing of listed companies, as well as the type of financing of classification of China's listed companies re-financing behavior introduced. At the same time. Western countries for the classic theory of financing acts done one by one, into a listed company's best financial order.Chapter 3, China's listed companies financing irrational behavior and performance of the financing structure of the status quo. This chapter of our listed companies financing irrational behavior carried out in-depth study of China's listed companies that irrational act of financing with the following major characteristics: First, emphasis on foreign sources of financing, Ignoring the source of financing; Second, debt financing than equity financing; Third, the proportion of debt financing irrational; Fourth, over-financing of the act. At the same time, thesis summed up China's listed companies financing structure status.Chapter 4, China's listed companies financing irrational behavior analysis of the causes, this chapter on the financing of listed companies through the irrational behavior of the theory in a practical manner to carry out an in-depth analysis, from a different point of view of the listed companies financing irrational behavior of Reasons. Finally, a summary of the root causes of the listed companies irrational financing. Chapter 5, the solutions guard against irrational financing of China's listed companies. This chapter discusses in detail how to effectively prevent the financing of listed companies irrational behavior, the introduction of the concept of financial management, financial management, introduced the implementation of specific programs and the framework on how to use the financial management of listed companies to optimize the program's financing, To sum up, through government oversight and financial management of a combination of China's listed companies to regulate the financing of acts.Finally, sum up the full text of the future prospects for research.