Empirical Study Of Communication Industry Capital Structure Of The Company’s Performance

With the continuous improvement and development of China’s capital market, more companies seek to maximize the value of their own, the company operating performance is also popular people’s attention. Capital structure is the composition and the ratio between various sources of funding within the company, as one of the corporate governance structure of an important part, will affect the cost of capital and operating performance. With the rapid development of China’s national economy, as a network builder and supporter communications services listed companies has become an important part of China’s listed companies, compared with other industries, the low proportion of its debt, current liabilities accounted for the odd high, therefore, this article on the impact of communications services capital structure of listed companies on corporate performance carried out relevant research in order to improve corporate performance communications services industry has reference.Based on the analysis of existing research scholars, select the 2011-2013 15 listed companies in data communications services as sample data, the structure of the capital structure is divided into debt and equity structure, and the use of factor analysis was constructed evaluation summary corporate performance indicator system to measure corporate performance, were investigated debt structure and ownership structure on firm performance relationship. Firstly, from a theoretical point of view of the impact of capital structure on the relationship between corporate performance and modeling, and the use of SPSS software for data processing, claims were made structure and ownership structure on corporate performance linear regression and binary linear regression.Finally reached the following findings: First, was the communication between the service company’s capital structure and corporate performance of listed significant negative correlation between the interval and the optimal capital structure does not exist; second, current liabilities and Corporate Performance was significantly positive relationship and there is no relationship between the quadratic function; third, ownership concentration and corporate performance was no significant correlation. Finally, this paper presents a proposal to optimize the capital structure of China’s telecommunications service companies listed.