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摘要资本结构是指企业各种资本的价值构成及其比例,涉及一个上市公司经营理财的利润和风险,直接影响其综合绩效。随着我国上市公司日益成为我国经济不可缺少的一个重要组成部分,上市...
摘要
资本结构是指企业各种资本的价值构成及其比例,涉及一个上市公司经营理财的利润和风险,直接影响其综合绩效。随着我国上市公司日益成为我国经济不可缺少的一个重要组成部分,上市公司的数量不断增加以及在国民经济中的影响力扩大,对上市公司资本结构状况的探讨,不仅有利于企业自身价值最大化,而且对整个国民经济的可持续发展问题的探索也可以进一步得到深化。本文通过对资本结构相关理论的概述,根据我国上市公司资本结构具有资产负债率偏低、负债结构不合理、股权融资偏好等现状,分析了我国上市公司资本结构形成的原因,在此基础上.提出了优化我国上市公司资本结构的对策和建议。
关键词:资本结构;融资顺序;上市公司; 展开
资本结构是指企业各种资本的价值构成及其比例,涉及一个上市公司经营理财的利润和风险,直接影响其综合绩效。随着我国上市公司日益成为我国经济不可缺少的一个重要组成部分,上市公司的数量不断增加以及在国民经济中的影响力扩大,对上市公司资本结构状况的探讨,不仅有利于企业自身价值最大化,而且对整个国民经济的可持续发展问题的探索也可以进一步得到深化。本文通过对资本结构相关理论的概述,根据我国上市公司资本结构具有资产负债率偏低、负债结构不合理、股权融资偏好等现状,分析了我国上市公司资本结构形成的原因,在此基础上.提出了优化我国上市公司资本结构的对策和建议。
关键词:资本结构;融资顺序;上市公司; 展开
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2011-06-03
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Capital structure is the value of an enterprise various capital structure and scale, involving a listed company profits and risks of business finance, directly affects its comprehensive performance. With China's listed companies in China has increasingly become an important economic indispensable part of the listed company, and the growing number of influential in national economy expands, capital structure of listed companies discussed, is not only beneficial to the condition of enterprise's value maximization, but also to the entire national economy sustainable development of exploration may also further get deepened. This paper Outlines the capital structure, according to the related theory of listed companies in China capital structure has the asset-liability ratio is low, liabilities structure unreasonable, equity financing preference, analyzes the status of Chinese listed company capital structure reasons, and on this basis. Proposes the capital structure of the Chinese listed company countermeasures and Suggestions.
Keywords: capital structure; Financing order; The listed company;
Keywords: capital structure; Financing order; The listed company;
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Abstract
Capital structure refers to the value of enterprises of various composition and proportion of the capital, involving a listed finance company profits and risks, a direct impact on its consolidated performance. As China's listed companies are increasingly becoming indispensable to our economy an important part of the growing number of listed companies and expand the influence of the national economy, the capital structure of listed companies of the situation will not only help maximize the value of their own , but also the entire national economy to explore sustainable development issues can be further deepened. Based on the overview of the theory of capital structure, capital structure of listed companies in accordance with the low debt ratio, debt structure is irrational, preferences, equity financing, analyzed the capital structure of listed companies in China formed by reason, on this basis. Proposed to optimize the capital structure of listed companies in China countermeasures and suggestions.
Keywords: capital structure; financing order; listed company;
Capital structure refers to the value of enterprises of various composition and proportion of the capital, involving a listed finance company profits and risks, a direct impact on its consolidated performance. As China's listed companies are increasingly becoming indispensable to our economy an important part of the growing number of listed companies and expand the influence of the national economy, the capital structure of listed companies of the situation will not only help maximize the value of their own , but also the entire national economy to explore sustainable development issues can be further deepened. Based on the overview of the theory of capital structure, capital structure of listed companies in accordance with the low debt ratio, debt structure is irrational, preferences, equity financing, analyzed the capital structure of listed companies in China formed by reason, on this basis. Proposed to optimize the capital structure of listed companies in China countermeasures and suggestions.
Keywords: capital structure; financing order; listed company;
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