Research On Financing Models And Financing Structure Of Real Estate Listed Companies In China

Real estate is a typical capital intensive industry,the development of China's real estate industry began at 1978,the early stage of the laissez-faire brought the real estate bubble,the government began to steady control it through macro-control of real estate.At present,China's real estate development enterprise financing mode is single,mostly self-financing and bank loans,banks bear the risk of the real estate industry,enterprises generally face the problem of excessively high asset-liability ratio,the development of capital structure is not healthy,with the development of China's financial industry,the real estate development enterprises have more opportunities for innovative financing model.Based on the research of the capital structure theory,financing channels,the basic theory of the interaction between capital structure and financing model and the latest research results,this article studies the data of real estate listed companies by using the multiple regression models.The result shows that the financing ability of real estate listed companies in China has a positive correlation with the profitability,operational capability,cost control ability,growth and enterprise value.The external financing is more affected than the internal financing,and the equity financing is affected more than the debt financing.In order to promote the healthy development of real estate financing,it is imperative to establish and improve the corporate financing system,further broaden the financing channels,construct a healthy financing structure and lay out a rational industrial structure.