| With the adjustment of economic structure, it is inevitably influence on real estateenterprise market environment by the changes of macroeconomic control policy, and thebusiness strategy will be adjusted by the enterprise for the change of market environment. Theenterprise’s capital structure are closely linked with the management of the enterprise strategy,especially in the condition of macroeconomic regulation and control, some real estateenterprise management become difficult because of lack of money, so it is very meaningful toresearch the change of the capital structure of real estate under the background of monetarypolicy control. Form the theory of modern MM theory put forward, capital structure analysishas become a hot issue for corporate finance and many works had been made by technical andempirical analysts by predecessors, accumulating rich theory and experiments in this aspect.Those provide a powerful theory support and mature research methods for this paper writing.The purpose of this study is that found out the capital structure influence factors of realestate enterprise under the background of monetary policy base on the monetary policy andreal estate enterprise financial data, and according to these factors to guide the real estateenterprise financing strategy. First of all, this paper analyzes the present situation of monetarypolicy and the present situation of real estate industry development and then analyzes thecurrent real estate enterprise business market environment, it provide a direction for lookingfor the specific factors that influence the real estate enterprises capital structure; Secondly,this paper selects the typical real estate listed company financial sample analyzes the mainfactors of influence the capital structure by using principal component analysis method andmultiple linear regression analysis method, this part of the analysis provides the basis of thereal estate enterprise capital structure optimization. Finally, the last part is the analysis aboutthe cause of the influence factors of capital structure and the suggestion about real estateenterprise financing models based on the situation that is under the background of China’scurrency policy control. As mentioned above, the conclusion is that the real estate businesscapital structure is mainly affected by the current ratio, the equity ratio, the enterprise scale and other influencing factors. some strategic suggestions such as broaden the financingchannels and adopt the contracting capital operational modes in the market managementenvironment in tough regulation, for real estate enterprises had been addressed. It is a certaindegree of practical significance and plays a positive role for the transformation of real estateindustry in our country that the analysis of the affecting factors of the real estate capitalstructure of listed companies. |
