Research On Model To The Listed Company Financing Options

Along with our country market economy system and perfecting the rapid development of capital markets, enterprise as the main body, the market economy in dynamic market environment, financing structure undergone a fundamental change. Contemporary enterprise's development, survival and development, must be a financing, investment, refinancing cycle repeated process, so financing structure of forward development companies can choose to become the key factors of its financial status of research is very important, through improving the forecast method of establishing the effective enterprise financing structure prediction system appear increasingly urgent.In this paper, we select our growth of listed company in 2009 ethnics-people of financing structure for debt financing and equity financing as mainly using various 50 home, annual reports of listed company publicly disclose financial information, aim at this 100 companies 2006 and 2008 financial data, have chosen the total assets, advocate business wu income etc 27 financial indicators, using stepwise regression method, the selection significant prediction variables, combined with Logistic regression method, discriminant analysis and factor analysis method, with the aid of SPSS soft, build multivariate financing structure prediction model, and to generate the result of comprehensive analysis and evaluation of comparison, solved the empirical analysis of the problems existing in. Through the comparative analysis, in traditional Logistic model and discriminant analysis model in the prediction financing structure exist in original data mind lost or prediction equations appeared in the functional relation of linear, etc. This paper USES principal factor analysis method, based on main factors of Logistic model and discriminant equation, a good way to solve the problems of the conventional method. Discriminant result shows that: the main factor for debt financing Fisher discriminant mainly sample has good recognition of sex, suitable for financing structure prediction three years prior to the growth of debt financing as the main factor of listed corporations, Logistic model suitable for financing structure prediction in equity financing mainly three years prior to the growth of listed corporations.