Analysis On Factors That Influence The Choice Of Listed Companies’ Financing Approaches

Financing is an important behavior to get money when internal finance can notinsure the daily production and operation, different modes of financing formatdifferent financing structures and will have a long term impact of the management ofoperation in the company.The listed company must use proper financing method to achieve the enoughmoney to ensure the normal production and operation and the expansion of the scaleof company. So financing has a significant meaning to the establishment and thedevelopment of listed company. With the high development of stock market, listedcompany prefers to use financing to keep their advantage and meet their needs in thedaily operation. How to use the least money to get the money that the company needsis very necessary. Hence, this paper take the example of vehicle manufacturing listedcompany and analysis the characteristic of financing in these company and comparewith the best financing structure in theory and find out the problem between them. Inthis paper, we use the tool of Eviews and analysis the finance parameters to find outwhich parameters can influence the decision of the company financing structure. Thepurpose of this study is finding out factors that influence the choice of listedcompanies’ financing approaches by analyzing the problems in the process offinancing.There are six sectors in this article. First, introduce the purpose and researchmeaning of this paper, the impact factors of how listed company chooses financing indomestic and overseas countries during the expert research. Also give someintroduction of the content of research, structure, research method and the innovationpoint of this paper. Second, review the domestic and foreign scholars’ research on themain factors of listed companies’ financing behavior. Third, introduce the internalfinancing and the external financing according to the research of vehiclemanufacturing in our country. Forth, analysis the external factors that impact thefinancing channel of vehicle manufacturing. Fifth, analysis the internal factors that impact the financing channel. And use the financing software Eviews to finish theempirical analysis with the relative finance data. Sixth, provide the advice accordingto the result of empirical analysis.