Share Segregation Reform Empirical Study On Capital Structure Of Chinese State-owned Listed Companies Right

Capital structure and its influencing factors have contact with corporate governance、corporate growth、corporate strategy and corporate values.How to choose the companys’capital structure as become "The Mystery of Capital Structure"of modern economists.The puzzle of determinants of capital structures for Chinese listed companies is much tougher.Accompanied with the thorough reformation,the state-owned enterprises in large quantity have passed the IPO and become the state-owned listed company (SOLC).Along with theformation and development of our country’s multi-channel financing mode,SOLC change the old financing mode depent on the bank loan and internal backlog,and the financing approach has the tendency presents the multi-channel development.The reform of non-tradable shares which starts from May,2005, has almost completed today, it has built the system foundation for standardize development of capital market and SOLC.This text regards financing behavior of the SOLC as the research object.Takes the background of the reform of non-tradable shares, take modern west capital theory as a basis, the financing of SOLC of key research has a Partiality for the problem.Through the researeh, this text attempts to answer following questions:What is the influencing factor for the SOLC’s financial performance?Due to the limited space,this thesis mainly concentrates on SOLC and only analyzes the equity-financing preference with corporate governance.Of course，there are many angles，such as enterprise product market and other persons inside the enterprises.Thank you all for your kind comments.