Research On Optimization Of Capital Structure For The K Enterprise

As one of the pillar industry in our country,real estate industry for stable economic order and to stimulate economic development exists irreplaceable significance?The development of the real estate industry is gradually recovering and developing rapidly under the support of the government after the economic crisis?Large amounts of capital into a share of property speculation hot real estate industry has accumulated a lot of bubbles?Serious harm to the healthy development of the real economy?This negative effects go against the stability of the national economy?In view of these negative impact,the state has staged a series of policies to adjust and control the real estate industry ? The real estate industry has its own distinctive features?it is clearly the influence of national policy,and have the debt levels higher than other industry,external financing mainly comes from bank loans?Government regulation policy makes the real estate company facing huge risk,so companies at the same time focus on earnings to choose appropriate financing plan to guard against potential risks.Enterprises are the core of the financing decision is in the process of business enterprise's capital structure and it is associated with each link of the enterprise ? The characteristics of real estate industry and the changeable complex economic environment,dynamically optimizing enterprise capital structure,has very important significance?The article Based on the theory of capital structure and selected K company as the case study ? Firstly introduced the history of K and its simple operating and financial conditions,and then use the combination of theory and case analysis method to analysis the K company's level of debt financing,equity structure and the internal debt structure with trade excellent companyand horizontal comparison ? Secondly,using qualitative analysis and quantitative analysis method of combining the capital structure optimization method and the path to provide for the company,and analyzesthe internal and external dynamic influence factors and their weights,for enterprises to provide evidence for the plan to conform to the goal of optimizing capital structure?Thirdly combining with the analysis results of K company to determine the optimal capital structure interval was 70%-80% ? Finally using the method of regression analysis to test the optimal interval and provide for K company capital structure adjustment and optimization strategy.