中国上市公司本钱结构剖析 - gfs6240的日记 - 网易博客（国外英文资料）.docVIP

中国上市公司资本结构分析 - gfs6240的日志 - 网易博客（国外英文资料） Capital structure; The financing way; The ratio of assets to assets; Equity structure Since the MM theorem was born in the 1950 s, the hot spot in the capital structure problem has become a common problem, capital structure decision-making is the core issue of investment and financing decisions of listed companies, corporate capital structure affect the financing cost and market value of the enterprise. Only a thorough understanding of all listed companies capital structure status and its historical evolution process, to have overall understanding of capital structure of listed companies, is likely to find out the existing problems of the real problem. So far there have been several theories about the structure of capital, such as balance theory and the theory of optimal order. Neither, however, cannot be explained separately. Capital structure refers to the combination of various securities issued by enterprises for financing their operations. In general, they refer to the relative proportion of equity and debt in corporate assets. It is an important part of modern financial management theory. The best capital structure refers to under certain conditions to minimum companys weighted average cost of capital, capital structure of enterprise value maximum, it is a kind of can make the income from financial leverage, financial risk, the cost of capital, such as the value of the company to achieve the optimal balance between the capital structure. Capital structure is reasonable or not largely decide the company solvency and ability to raise funds again, decided to the companys future profitability and become an important indicator of damage to the image of the companys financial. Based on this, the characteristics of capital structure of listed companies in China are as follows: By comparing between China and western developed countries listed companys balance sheet, can be found in our country and western developed countries t