The Research On Capital Structure Optimization Of Poly Real Estate

The domestic real growth of the industry has matured,has become an irreplaceable industry to promote the steady development of social economy,to maintain a sustained growth of the national economy,and the level of national economy is rising and mature development of housing industry is closely related to the two complement.Real estate is a capital intensive industry,in order to ensure the healthy and stable development,must be carried out a large number of capital investment,and the capital structure of different sources of capital for the housing industry will form different effects,so it plays a decisive role in the capital structure of enterprises.The capital structure is largely determined component companies re financing and solvency,affected the enterprise future earnings,but also is the key point of the financial situation of the enterprise capital structure,therefore the research of real industry listed company is its unique significance.The equity structure of the real estate industry concentration,the lack of financing channels and the high debt level is recognized,but has yet to be some of the attention,Poly Real estate from the beginning is the leader of China's real estate industry recognized,domestic real estate listed company in perennial topped the charts to strength the top of Poly Real estate capital structure to optimize the capital structure of the real estate industry has considerable reference opinions.In this paper,the theory of capital structure is described in detail,and the static model and dynamic optimization theory of capital structure selection are introduced.Then the poly Real Estate Company as an example,a detailed analysis of the development situation and background of Poly Real estate,comparative analysis of the status quo of Poly Real estate capital structure by the transverse and longitudinal data,reflect the capital structure of poly retained the problem from the aspects of financing and operation of the company.Secondly,according to the actual data of Poly Real estate,using the static model of capital structure,find out the optimum capital structure of Poly Real estate,the dynamic research on the basis of this,try to get the optimal capital structure interval Poly Real estate.Finally,in view of the problems of the capital structure of Poly Real estate,it provides recommendations for the optimal capital structure of Poly Real estate.