Research On The Capital Structure Effect Factors Of Chinese Listed Real-estate Corporation

With rapid development in recent years, the real estate industry has not only become a driving force of Chinese economy, but also one of the most profitable industries. However, the macro regulation in china these years recently force real estate enterprise to be more aware of its capital structure and analyze its influencing factor in order to make a reasonable financing arrangement and optimize the capital structure to enhance its market competitiveness. Through the research of capital structure of listed companies can help us better understand these issues.This article draws on the capital structure of domestic and foreign research results, combined with the domestic real estate companies listed on the actual situation in Tai-an information technology to the country to provide limited real estate of the64listed companies in the financial data for the sample data, using principal component analysis and regression analysis, the introduction of capital structure theory research to find the real estate capital structure of listed companies influencing factors, a reasonable arrangement for enterprise financing and provide recommendations to optimize the capital structure.This thesis mainly complete the following work:based on at home and abroad study on capital structure, combined with characteristics of Chinese real estate listed companies, put forward Chinese real estate capital structure of listed companies as well as measure the impact of factors. The use of analytical studies related to capital structure and firm size, growth, ownership structure, income taxes, mortgage value, non-liability tax shield, profitability, income volatility, such as the correlation between factors, and then factor in the establishment of the impact of the capital structure of the regression model, and an explanation. The impact of capital structure, through regression analysis model, analysis of China's real estate capital structure impact of listed companies on the relevance of capital structure analysis...