Research On The Effect Of The Real Estate Companies’ Capital Structure On Performance And The Optimization Of Capital Structure

Real estate industry have important effect on the livelihood of the people of the our country,In recent years,under national policy and the dual control of the market economy,the development of the real estate industry gradually incline to stable.The listed real estate company as a leader of real estate companies,solving the problems existing in the enterprise’s capital structure and increasing the performance of the enterprise become the priority of the enterprise.The stock market of our country belongs to the new product,Supporting facilities of legal system and risk control measures are still very incomplete.In the stock market,the real estate listed companies generally listed for a short time,the unreasonable problems of capital structure such as financing model of a single,high asset-liability ratio,equity structure disharmonious gradually exposed.Domestic scholars in recent years are also aware of that the capital structure of the enterprise will have a big impact to the enterprise performance,based on the theoretical and empirical research in foreign countries,and combines the actual conditions of our country real estate listed companies,the scholars have strengthen the empirical research of relationship between capital structure and performance,and based on the impact of enterprise performance,adjust the capital structure of enterprises,put forward the optimization Suggestions and countermeasures of the capital structure of the modern real estate listed company.In this paper,on the premise of elaborating the research background at home and abroad,analyze the existing problems in the capital structure of the real estate listed companies in our country.And to solve these problems,this paper combined with the latest financial data from 2010 to 2014 of china’s Shenzhen a-share 30 real estate listed companies,build a mathematical model on the effect of our country’s real estate listed companies capital structure on the corporate performance,find out the main factors influencing the capital structure of enterprise performance,and through the conclusion of the empirical analysis,figure out the optimizing scheme of capital structure of the real estate listed companies in our country,provide the certain guiding role of enterprise’s capital structure decision-making.