我国上市公司资本结构：现状、问题与对策推荐.docVIP

我国上市公司资本结构：现状、问题与对策 摘 要 上市公司资本结构，是受到国内外理论界与金融市场实践操作者极大关注的热点问题。如何合理安排企业的资本结构对实现企业价值最大化具有十分重要的作用。现在，我国绝大部分上市公司的资本结构理念还比较落后，如何优化其资本结构显得更为重要。许多专家和学者已对我国上市公司股权结构不合理、股权融资偏好等相关问题进行了有益的研究，本文在借鉴他们研究成果的基础上，结合自己的观点，对我国上市公司资本结构的现状、问题进行了系统、全面的分析，并在此基础上提出了相应的对策，希望对解决我国上市公司资本结构不合理的问题提供有益的参考。 关键词：上市公司；资本结构；资本市场；股权结构  Abstract Capital structure of the listed company is subjected to the greatly concern of domestic and foreign theoretical sphere and operators in the financial market. How to arrange reasonable capital structure plays important roles in maximizing enterprise value.Nowadays,especially for most Chinese listed companies that just walking into market economy and has little concept of capital structure theory,meaning is particularly important.A lot of experts and scholars have already made helpful study on unreasonable capital structure and equity financing good of Chinese listed companies,but a lot of researches are not system and overall.This article tries to analyze the capital structure of the listed companies in China, points out actualities and problems of these companies,furthermore,gives helpful some suggestions on solving problems. Keywords: Listed Company;Capital composition;The Capital market;Share structure  目 录 TOC \o 1-3 \h \z \u HYPERLINK \l _Toc261814545 摘 要 PAGEREF _Toc261814545 \h I HYPERLINK \l _Toc261814546 Abstract PAGEREF _Toc261814546 \h II HYPERLINK \l _Toc261814547 导 论 PAGEREF _Toc261814547 \h 1 HYPERLINK \l _Toc261814548 一、我国上市公司资本结构的现状 PAGEREF _Toc261814548 \h 1 HYPERLINK \l _Toc261814549 1、资产负债率偏低 PAGEREF _Toc261814549 \h 1 HYPERLINK \l _Toc261814550 2、内源融资比例偏低 PAGEREF _Toc261814550 \h 2 HYPERLINK \l _Toc261814551 3、负债结构不合理 PAGEREF _Toc261814551 \h 2 HYPERLINK \l _Toc261814552 4、偏好股权融资 PAGEREF _Toc261814552 \h 3 HYPERLINK \l _Toc261814553 二、我国上市公司资本结构存在的问题 PAGEREF _Toc261814553 \h 3 HYPERLINK \l _Toc261814554 1、资本市场发展不完善 PAGEREF _Toc261814554 \h 4 HYPERLINK \l _Toc261814555 2、不规范的市场运作机制 PAGEREF _Toc261814555 \h 4