Research On Financing Preference Of Listed Agribusinesses

A business enterprise financing preference is showed by the share of the various financing methods, the highest proportion of its financing is the corporate presentation of the financing preferences. The listed companies with the development of healthy and sustainable was affected by financing preference. Because of listed companies to select different financing methods, will bring a different financing costs. Therefore, to the development of listed companies, the choice of financing is a significant impact. In recent years the country to vigorously promote the development of agricultural enterprises, agricultural listed companies on the development of China’s agriculture has played a guiding role. Over time, agricultural listed companies has become part of the listed company. By selecting 2013’s section and data analysis, China’s agricultural listed companies on the choice of financing, equity financing will choose first, showing a tendency to equity financing preference. As we all know, over-reliance on equity financing of listed companies is detrimental to their long-term development, therefore, China’s agricultural research financing preference of listed companies is very important.This section of the paper selected 2013 financial indicators of agricultural listed companies to learn research methods, using SPSS software, the use of "backward" regression method of screening factors that affect agriculture financing preference of listed companies. This paper is divided into seven parts.The first part of the introduction part introduces the research background of this paper.The second part summarized research status of financing structure. It aims to introduce the related theories of financing structure and draw lessons from the domestic scholars on the listed and the agricultural listed companies’research achievements.The fourth part introduces the impact of equity financing preference on agricultural listed company.Through theoretical analysis, the fifth part talks about the reason of equity financing preference from the income tax, capital structure, profitability, equity structure.The end of 2013 agricultural A-share listed companies as the research object, the sixth part collected 17 eligible companies as samples, using SPSS multiple linear regression method with the company size, profitability, capital structure, growth ability and etc. to explain the corporate debt financing rate. The various influence factors effect the financing preference.From the macroscopic and microscopic aspects, financing structure optimization and countermeasures are suggested to our country agricultural listed companies in the last part.