The Empirical Research Of Capital Structure And Profitability Of Listed Companies In Nonferrous Metal Industry Of China

In this paper, there are 35 companies of China's listed companies in non-ferrous metals industry and take the financial data from 2006 to 2010 as sample, using a combination method of factor analysis and regression analysis, making the empirical analysis of the relationship of capital structure and profitability of listed companies in China's nonferrous metals industry. Research purpose by empirical analysis of non-ferrous metals industry listed on the company's capital structure and profitability is knowing their mutual relations. Then combining with its status, we can identify gaps and deficiencies and find the corresponding problem-solve measures to promote non-ferrous metals listed companies in healthy and rap development.First of all, this paper collect and review relevant literature home and abroad, and synthesis and analysis is carried out; describes the basic theory of capital structure to explain the capital structure and profitability indicators and evaluation methods, and give a brief overview of their mutual relations theory. So it has played a role of empirical research behind the theory into practice.Secondly, non-ferrous metal industry, capital structure and profitability of the current situation is described, with plenty of data analysis, pointing out problems, and found that the interaction may exist between the two relationships.Again, through the variables, sample selection, the proposed hypothesis, the building of multiple linear model, the use of well-known statistical analysis software SPSS17.0, the made main ingredient regression analysis of 35 listed companies in the financial data for 2006-2010 in non-ferrous metal industry, selecting capital structure as the explanatory variable, profitability as the explanatory variable, obtained multiple linear equations. By the formula shows that some of the capital structure and profitability indicators of proportional and inversely proportional to some, the final analysis of the results.Finally, on the basis of empirical research of capital structure and profitability of the situation in the non-ferrous metal industry, and deal with the problems, proposed to optimize the capital structure and improve profitability measures with a view to financing for local companies to provide a more feasible measures to promote the rapid development of non-ferrous metals industry.