Factors Influencing The Capital Structure Of China's U.S.Listed Companies And Its Optimization Strategy

Since the concept of the capital structure was first proposed,it was called an essential topic in the field of corporate finance research.Relevant scholars and experts have applied continuously new methods and researched the current state of the capital structure of enterprises based on different perspectives,making this satisfactory research results both theoretically and empirically.In China,although research on the subject of capital structure started late,many domestic scholars have combined new research methods by many relatively mature theories of foreign countries,making the research on the capital structure of listed companies in China moderately relevant.Mature and comprehensive.However,there are few studies on the influencing factors of the capital structure of Chinese companies recorded in the United States,and the factors that have a significant influence on the choice of the capital structure of listed Chinese companies in the United States may be different from those of listed companies in China.Some research results based on listed companies in China Not necessarily in line with the listing of Chinese companies in the United States.Therefore,it is of very significance to study the factors that influence the capital structure of listed companies in the United States.This article is based on the company's fundamental characteristics,the company's equity structure and distribution in the perspective of the differences between the Chinese listed companies and listed companies in the United States to the United States listed companies in China's capital structure and its influencing factors.Firstly,this paper compares and analyzes the characteristics of the capital structure of listed Chinese companies in the United States and listed companies in China,and finds that compared with Chinese listed companies.The average debt ratio of listed companies in the United States to the United States is low,among which the proportion of current liabilities is high,and the concentration of ownership Lower.Then,in conjunction with the actual data of companies listed in the United States and listed in the United States,targeted selection of indicators and variables that are more valuable and representative,and based on this as a basis to create a theoretical model.By the factors affecting the capital structure of listed companies in the United States Research.The empirical results show that the company's size is positively correlated with the capital structure of listed Chinese companies in the United States.The operating capacity is positively related to the capital structure of Chinese companies recorded in the United States.The liquidity of assets is negatively correlated with the capital structure of Chinese companies registered in the United States,and their profitability is contained in the United States.The capital structure of Chinese companies is negatively correlated.There is no significant correlation between equity concentration,asset structure and growth and the capital structure of listed Chinese companies in the United States.Finally,by comparative analysis of empirical results and theoretical analysis,and by elaborating and analyzing the influential factors.It is proposed that listed companies in the United States should combine their characteristics to make financing decisions,improve the dynamic adjustment mechanism of the capital structure,and optimize the corporate governance structure.Capital structure optimization strategy.