Analysis On Financing Structure Of Communications Services Companies

The rapid development of tertiary industry in China's national economy is becoming increasingly important in this era of computer networks, communications services is driving the development of the industry leading industries, the company's financing behavior determines the company's capital structure, and Financing is often constrained by the prevailing financial environment. Financing channels for the company's development is inseparable from the smooth, especially for listed companies in China, and the related system deficiencies and inadequate control mechanisms, making communications industry financing behavior of listed companies showed a large extent, non-standard, even non-rational characteristics, thus forming an unreasonable financial structure, limiting the further improvement of corporate governance. Therefore, the in-depth analysis of the financing structure of listed companies in the communications industry characteristics and causes, to find out the causes of irrational financing structure and related countermeasures, for guidance through the financing of acts of communication industries and enterprises the choice of optimal financial structure of enterprises, enhance competitiveness, thus promoting the sustained, healthy development of great significance.Firstly, on the financing structure and the evolution to a brief review introduces the classical finance theory and the seventies in the twentieth century after the dominant sector in the theory of new finance theory. Second, in-depth analysis of the communications industry structural characteristics of Listed Companies, which includes the nature of the creditor, stockholder, the ratio of long and short term debt, ownership concentration, debt ratio, etc., and from macroeconomic and communications industry, start their own characteristics, on the communication Financing Structure of Listed Companies to explain the causes; study results show that the communication service companies of their own characteristics, industry characteristics, as well as the overall size of the company's equity, debt structure of listed companies on the telecommunications services sector financing structure has to some extent impact; short, communication services irrational financing structure of listed companies because the industry itself both large-scale, high-growth, high input of factors; also have economic, financial and other macro-external environment factors. Finally, on how to improve our communication services to the financial structure of listed companies related countermeasures.