An Empirical Study Of The Financing Preference Of Listed Real Estate Companies

Financing preference refers to the behavior of the main ways for the different financing options to sort. China's real estate financing preference of listed companies showed a strong preference for equity financing. This is related to the Western tradition of financing preference runs counter to the theory, is clearly with "Chinese characteristics" of the financing preference phenomenon. Preference for equity financing because there is a certain tendency to harm, will eventually lead to China's real estate listed companies, the decline in overall competitiveness. Therefore, the Chinese real estate financing preference of listed companies the analysis of influencing factors appears particularly important. From the study, we can find and solve problems in order to guide the financing of China's real estate listed companies and other non-listed real estate companies towards a reasonable direction to develop.In the context of China's securities market, the financing behavior of listed companies represent a strong motivation for corporate financing, representing China's real estate capital markets, a special phenomenon. There is equity financing preferences for certain hazardous and ultimately lead to the real estate market competitiveness of the company's decline. This is a pillar industry booming economy-the negative impact of the real estate industry is undoubtedly enormous. However, the current financing problems on the real estate industry research has mainly research-based real estate financing channels for enterprises, the real estate business or real estate financing structure of listed companies, financing preferences of small. Therefore, China's real estate financing preference of listed companies and formation factors of the study is particularly important.In this paper, the structure of real estate corporate finance theories and financing preferences, reading books and literature based on the select 53 listed real estate companies, according to the 53 listed companies in nearly three years of annual data, descriptive statistical analysis of the financing behavior of listed real estate company's situation, summed up the financing behavior of listed real estate company's overall performance characteristics that the Chinese real estate financing preference of listed companies as equity financing. On real estate financing behavior theory research and practical summary of current situation, and then from the theoretical analysis, empirical analysis and mechanism analysis because three of our real estate financing preference of listed companies to conduct research, and then draw conclusions and recommendations.