A Study On Optimizing Financing Structure Of Listed Company According To Financing Contract Theories

The funds is life line for a business enterprise to develop, the business enterprise have to financing to develop and be stronger, business enterprise choice dissimilar financing way would then creat dissimilar of financing structure.Currently the financing strategy of our country listed company widely perfer ownership of a share financing to debt financing.This kind of "the lame financing " phenomenon, which makes against the capital structure be excellent at the listed company and development of the listed company keeps on positively, also makes against construction and development of the capital market.This text use financing contract theories, pass to set up mathematics model and combine actual research about financing structure of Gansu listed company, explore the resion of the financing preference of ownership of a share in the listed company, from here put forward general path choice of the optimum inancing structure in listed company.The thesis has totally five- part. The first part carrys on the financing contract theories a first step of overview, introduces the development of capital structure theories, elaborate the core contents of financing contract theories; The second part descripts and analyze the external financing structure of the listed company, defect and influence in Gansu provice; The third section more and thoroughly studies the defect of resions inside and exterior environment of financing structure in the Gansu listed company; Part four takes financing contract theories as instruction, set up the optimining financing structure model of the listed company; Part five, according to financing contract theories, depend on the way of " Optimize each item whichinfluence control power──Optimize control power structure──Optimize the listedcompany financing structure", suggestion from the perfect ownership of a share system, pay attention to the non-material property importance, concern the influence of information dissymmetry etc. Optimize control power structure, then Optimize the listed company financing structure.