Empirical Study On The Relationship Of Chinese Companies Capital Structure And Financial Performance

The effect of capital structure of corporation to value of company demonstrates that the company influence the structure efficiency of company by capital structure,then achieve the goals of financial performance.I tried to find out the variable of capital structure which obviously effect the financial performance by comparing the affects of every target,then optimize the capital structure of coal industry and promote financial performance.It is the main target of the empirical study.The theory of modern capital structure indicated:Under the efficient marketing,the variety of capital structure will affect the value of corporation,but compared to Stockholder-financing,debt-financing is more useful to company.Under the less efficient marketing,the capital structure of development countries has proved this theory.This paper tried to find out if the list companies' capital structures affect the companies' financial performance and how does it works.In this paper,the innovation lies in the coal industry enterprises to select the capital structure and financial performance of the relevance of empirical research also less current.So this article on China's capital structure and financial performance study of the relevance of the contribution provided.In addition,this paper,the value of Tobin's q and return on total ssets as a linear regression model of the explanatory variables have a more comprehensive analysis of the role.In this paper,for such a capital structure and financial performance analysis of the relevance of the effect will play better.Finally,as a result of domestic scholars in the capital structure of financial performance and the relevance of the study,the vast majority of scholars take only a single claim of the ownership structure or the debt structure to carry out.They ignore the other half of the indicators of the impact on financial performance.Empirical research on this paper to take ownership structure indicators and debt structure indicators to study. Therefore,to study their effect on corporate performance,can play comprehensive analysis a role.Therefore,to study their impact on financial performance,a comprehensive analysis can play a role.