Capital Structure Of Listed Companies, Industry Impact Factors Research

Since the birth of MM theory, the capital structure theory of corporation has been one of the focuses of the field of economics. Capital structure is a. centralized reflection of shareholders' rights and obligations, which determines the managing structure of corporations, and has further influences on their behavior characters and value. However, empirical studies about capital structure are not too many in listed companies of China. In order to optimize the capital structure, determinants of capital structure should be analyzed firstly. Most studies reveal that the capital structure of the listed corporations in our country conflicted with those theories. In view of these issues, the thesis studies determinants of the capital trade structure of listed companies in China.The paper has five chapters. The first chapter generally introduces the background of the paper, the study method, and the structure arrangement. The second chapter are theory basis and literature analysis, introducing the relative theory on capital structure. The third chapter is factor analysis, simple analyzing internal and external factors of affect on capital structure. The fourth chapter is empirical analysis, including defining the samples to study, choosing corporate index, bringing up study hypothesis, establishing empirical model, drawing the empirical theory, analyzing the empirical result. The five chapter is empirical conclusion and limitation.