| In the development of the real estate industry,both in 2004 ~ 2014 this high-speed development of gold ten years,or now to inventory adjustment period,as a capital-intensive industries,real estate has been subject to macroeconomic and regulatory policies larger The impact of the project to complete a longer cycle of the industry,making the composition of corporate capital structure is very important.At present,China's real estate market is in the inventory adjustment period and the industry to upgrade the transformation of the transition period,therefore,the real estate industry needs to improve business performance have the opportunity to develop steadily.Therefore,it is very feasible to study the relationship between capital structure and corporate performance of China's real estate industry and make recommendations on optimizing the capital structure according to the results of the research.However,at present,the whole real estate industry in China is lack of rationality in financing the capital structure,such as the high asset-liability ratio of enterprises,the lack of innovation in financing means,and the reliance on bank loans.This makes the performance of many enterprises in coping with financial difficulties Poor performance,resulting in corporate debt,but also makes the operation of the industry more and more difficult.Therefore,the main purpose of this paper is to study the real estate industry capital structure and the relationship between the performance of the problem,and through the study found that the relationship between capital structure and corporate performance for the real estate industry as a whole in the capital structure optimization under the premise of improving the business performance Corresponding comments and countermeasures.This paper first introduces the research background,research purpose,research methods and related literature review.At the same time,it elaborates the related concepts and basic theories of capital structure and enterprise performance.Then it introduces the basic characteristics of the real estate industry,analyzes the capital structure and financing structure of real estate listed companies in the present situation and analyzes the causes of the capital structure of the real estate industry.At the same time,the capital structure and enterprise performance of real estate listed companies The empirical analysis of the experience;then from the real estate industry to screen out the 72 eligible companies listed,to build an empirical model and make assumptions;Finally,the use of sample data for empirical research,through the overall perspective of descriptive statistics,variables And the analysis of the correlation analysis and the use of multiple regression analysis to elaborate the conclusions of this paper,and according to research conclusions,put forward targeted views and countermeasures to hope to optimize the real estate industry,capital structure,while enhancing the business performance So that the whole industry to maintain stable development. |
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