Research On The Financing Structure Optimization Of BHJT Company

With the rapid development of China’s economy, more and more domestic enterprises financing channels, more and more diversified financing. How to correctly understand the characteristics of different financing way,understand the cost of financing, financing structure and enterprise market value between the relationship, can better help enterprises choose reasonable financing way, the formation of some of the best corporate financing structure. As with many domestic enterprises, BHJT in the selection of financing, tend to give priority to financing costs are low enough, so inevitably fall into focus on debt financing, this idea not only ignores the financing income and enterprise value,but also make the enterprise’s financial risk increase, investors expect lower. The according to the research framework of "structure- behavior- Performance". Analysis the pros and cons of the choice of capital structure, and then discusses the influence of enterprise managers and investors behavior,in the final analysis,how to in a given investment opportunities, compared BHJT company financing cost and revenue, and on this basis, establish a financing portfolio with the lowest cost and to maximize the market value of the enterprise, so as to achieve the purpose of enterprise financing structure optimization.This article is divided into six parts to discuss. First, the paper briefly introduces the subject of the research background, main research contents, research methods and technical routes; secondly, analyze the financing structure theory and foreign corporate financing, explained the concept of enterprise financing structure, theory of enterprise financing structure to sort out, and in based on the discussion of the financing structure of enterprises, analyzes the development trend of foreign corporate financing structure. In the empirical part, the BHJT as an example, through the analysis of the external environment and BHJT internal financial situation, to BHJT company financing structure optimization and the feasibility of for the study and the BHJT financing reviews, elaborated the company financing structure of the status quo, and has carried on the analysis to the problems and causes of the current financing structure. Through the previous analysis, using gray linear programming model, the company’s financing costs and the amount of channel data for processing, the lowest cost of capital financing structure design for the enterprise, and to evaluate the feasibility, provide a reference for the optimization of the structure of corporate finance in the BHJT. Finally, the future of BHJT company’s financing structure optimization strategy selection and financing structure optimization are discussed.