The Empirical Research On The Relationship Between Capital Structure And Corporate Performance Of Listed Companies In China From The Perspective Of Enterprise Growth Theory

With the development of China's capital market,the operating performance as the third industry sunrise industry in recent years,the development of chinese city has become a new economic growth point,the sports of listed companies is an important part of Chinese sports industry,it's performance will inevitably become the focus of attention.:In the capital market,reasonable operating capital is the best way to guide China's sports industry performance business performance has been very popular and has increasingly become the focus of debate in the field of finance,but the academic circles did not form a unified view,a lot of research results were very different and even contrary.For our country sports the small number of listed companies,the problem of single business,coupled with China's sports listed companies before the emergence of financial leverage chaos phenomenon,research on the capital structure and the performance of China's sports listed companies less and less.With the development of China's capital market,the operating performance of the listed companies have attracted more and more attention,as the third industry in Chaoyang industry in the sports industry,in recent years the development of China's city is becoming the new point of economic growth,so as a representative of the sports industry,the sports performance of listed companies is bound to become the focus of attention.In the capital market,reasonable operating capital is the best way to guide China's sports industry performance of listed companies,the research on the relationship between capital structure and business performance has been very popular and has increasingly become the focus of debate in the field of finance,but the academic circles did not form a unified view,a lot of research results were very different and even contrary.For our country sports the small number of listed companies,the problem of single business,coupled with China's sports listed companies before the emergence of financial leverage chaos phenomenon,the research on the capital structure and the performance of China's Sports listed companies less and less.Therefore,based on the 14 Chinese sports industry listed companies as the research object,the financial data collected from 2014 to 2016,and the related theory of enterprise growth theory and the concept of capital structure based on the introduction of growth,in order to understand the status and development trend of enterprises in market competition,promote the optimization and performance of capital physical structure of listed companies.In this paper,using the method of literature,mathematical statistics and logical analysis of the sports listed company's growth potential is analyzed,the evaluation index construction of sports,the growth of the listed company capital structure and performance of the listed company data,regression analysis on sports by SPSS22.0,and to explore the relationship between its growth the capital structure and the performance of listed companies of sports,draws the following conclusion:(1)The number of sports listed companies in China is small,the market is late and mainly in Hongkong area,the main business is single.(2)The future growth of China's sports listed companies is slightly stable,but some of them are deteriorating.(3)China's sports listed companies in recent years,the capital structure is in a steady growth trend,but the overall level is lower than other industries.(4)There is no significant correlation between the high growth firms and the low growth firms and the capital structure.(5)The correlation analysis on the growth,capital structure and performance of China's sports listed companies.There is a significant positive correlation between growth and performance,capital structure and performance are negatively correlated,but there are significant differences,the overall positive correlation.