The Research On The Military Industry’s Optimization Of Capital Structure And Optimal Strategy

Capital structure influences and determines the corporate governance and then influences its financing and corporate values. The rationality of the capital structure affects directly the development of the company at present and also influences the future even threatens to its existence. How to choose the capital structure puzzled the Modern economists. As for China, because of the unbalanced development of capital market, defective corporate governance, imperfect laws to investor, the problem is more serious.With the development of socialist marketing economy and the establishment of modern enterprise system, the diversifying ways of financing make it academical and practical to research the capital structure and its optimization. It has becoming the core of financing.With the comprehensively promotion of the military listed companies, people pay more attention to those companies. The military listed companies represent the military industry and as the window to display the economic strength of military industry and the military technology. It is the necessity of the country secure strategy. The rationality of the capital structure has a special sense to military industry group with the establishment of multilayer capital market and the reformation of the military industry group. The papers analyzed the capital structure of the status and specialty of military industry firstly, then optimized the capital structure according to the capital specialty. On this premise, the papers researched forwardly the model of pricing for the military product and civil product in order to perfect the production and operation. At last, suggestions were put forward to optimize the capital structure using above analysis.