纺织业上市公司资本结构现状及其优化--以安徽东至华源纺织有限公司为例.docVIP

内容摘要 资本结构是一个重要的核心问题尤其在企业融资过程中上市公司合理的资本结构将对企业最大化价值的实现带来正面影响。在一般的情况下，企业最大化价值的实现是上市公司的目标。中国的纺织工业属于传统产业，占据了国民经济中非常重要的位置。近几年来，经济的快速增长使得在纺织行业获得了良好的增长趋势，资本结构也与他们紧密的联系在了一起。本文现代资本，结合具体的实例对从事纺织行业的上市公司的资本结构现状进行了分析，归纳出了其产生原因，同时也提出了相应的优化目前资本结构现状的建议。 关键词：The capital structure is an important core issue, particularly in the process of corporate finance , companies will maximize the value achieved reasonable capital structure of listed companies to have a positive impact . Under normal circumstances, to maximize the value of the enterprise is always the common goal of listed companies in various industries . China s textile industry has been part of the traditional industries , occupies a very important position in the national economy . In recent years, rapid economic growth in the textile industry was making good growth trends and development prospects , capital structure also will be closely linked with them together. Firstly, starting from a research background at home and abroad , domestic and foreign scholars for research scholars capital structure gives a brief introduction, and then by analyzing the capital structure theory in modern capital structure theory , analysis of its influencing factors and the theory of Implications . Combined with specific examples of the textile industry in a listed company , and related data on the status of the capital structure of listed companies in the textile industry is analyzed , summarized its causes, but also put forward the corresponding optimization is currently listed on the textile industry a survey of the companys capital structure. Keywords: Textile industry;Listed companies;Capital structure;Optimization suggestions 纺织业上市公司资本结构现状及其优化 --以安徽东至华源纺织有限公司为例 一、加强上市公司资本结构原理的重要性 （一）经济的日益发展，使得人们开始对上市公司的融资行为给予关注。对其融资行为的研究既对上市公司的管理有意义，也对可以市场的健康发展，市场有效性的提高，市场化配置功能的有效发挥起到至关重要的意义。资本结构的研究属于目前企业投资和融资重点，企业在投资决策时把它作为理论性的基础，资本结构的合理性可以帮助企业最大化价值的有效实现，也有利于金融体系的改革。包括公司债券市场的建立和完善、融资制度的改革，有利于全社会的投资和筹资活动，有利于金融资源的合理配置，促进经济的长久发展。企业的资本成本被企业的资本结构