Research On The Optimization Of Capital Structure Of S Institute Of Building Research

In this paper, the S Building Science Research Institute Group as a case study,the company published in the China Securities Regulatory Commission website prospectus on the relevant data on the basis of data to ensure that the paper is true and reliable. First of all, we read the literature about capital structure at home and abroad, and expounded the relevant situation of capital structure research at home and abroad. Secondly, it introduces the theory of capital structure, and the theory of capital structure optimization is the theoretical basis for the follow-up study. Then,using the method of proportional analysis and longitudinal analysis, the Group of Architectural Science and Technology, from the four aspects of asset status, debt structure, capital structure and financial leverage, analyzes the present situation of capital structure. On the basis of longitudinal analysis, the comparative analysis method was used for horizontal analysis, and the nine enterprises in the same industry were selected for horizontal comparison.By constructing the static optimal capital structure model to find out the most suitable asset structure of S company,it is found that the structure of assets and liabilities is not optimal. Through dynamic analysis, combining industry characteristics, macroeconomic policy, profitability,financial leverage And the company's growth, the company's optimal capital structure interval, Using weighted capital cost method to determine financing .the final conclusion is the optimization of the capital structure of S company, need to adjust the capital structure upward. Finally,the author analyzes the causes of the existence of capital structure and the financial report, and puts forward specific optimization measures, including broadening the financing channels,To strengthen the right to speak the first shareholder, to strengthen internal control and some auxiliary measures to improve the capital structure to optimize the management capacity, hoping to make the S Building Research Institute of the capital structure to achieve optimal. In the s company to raise funds in the measures, will be listed after the S company financing channels through the weighted capital cost method to get the most suitable S company financing channels.