An Empirical Study On The Influence On Corporate Performance Of Debt Financing Structure Of The Listed Foreign Trade Companies In China

The paper did a research on the influence on corporate performance of debt financing structure based on the development situation and reality of China’s Listed Foreign Trade Companies. The paper did a deeply study on the related theories and analyzed the development situation in our country, and then did an empirical research on the influence on corporate performance of debt financing structure. The target of this paper is to discover whether debt financing benefits the corporate performance. The conclusion of this paper can provide a guidance and a suggestion to the perfection of debt structure in China’s listed companies and the development of China capital market.Firstly, the paper did a summarize and evaluation of theories related to performance and debt financing in or out of China. In the theory part, the paper defined some concepts, such as corporate performance and financing structure. Moreover, the paper analyzed necessary theories about corporate performance and debt financing structure. Finally, the paper analysis the positive and negative impacts which debt financing structure had on corporate performance.Then this paper analyze the situation on financing of China’s listed foreign trade companies, describes the performance of listed companies in China’s foreign trade situation, proposed the problems of financing structure of China’s listed foreign trade companies.Based on previous theoretical research, the paper did an empirical research. Firstly, the paper selected research variables, which were considered from corporate performance aspect, debt financing aspect and control aspect. In addition, the paper chose the samples and designed research models. Finally, the paper analyzed the results of empirical research.Finally, the conclusions drawn in this article, Then based on the results of empirical research and analysis before China’s listed foreign trade companies to raise debt financing effect made several recommendations:The relationship between banks and deeper market reforms, and actively promote the development of China’s bond market, the manager of the debt financing to strengthen governance action effect, improving the company’s debt structure to market and improve the relevant legal system.