市场微观结构视角下公司资本结构与二级市场风险分析-analysis of the companys capital structure and secondary market risk from the perspective of market microstructure.docx

staticanddynamicaspects.Then,weanalysetheimpactoftheriskofstockliquidityonbehaviorpreferencesofcorporatefinancingwithProbitmodel.Lastly,thestudyoncapitalcostaffectedbydifferentriskofChineseSecuritymarket.ThepartemployO’HanlonandSteele(2000)’simprovedresidualincomegrowthmethodtomeasurethecapitalcost.Thenwestudytheeffectofvolatilityrisk,liquidityriskandinformationriskonlistedcompany’scapitalcostofChinesesecuritymarket.KEYWORDS：Capitalstructure;Liquidityrisk;Volatilityrisk;Informationrisk目录第一章绪论...........................................................................................................11.1研究背景与研究意义.....................................................................................11.1.1研究背景..............................................................................................11.1.2研究意义..............................................................................................21.2主要研究内容、结构安排和创新点.............................................................31.2.1主要研究内容与结构安排..................................................................31.2.2主要创新点..........................................................................................5第二章资本结构及其相关影响因素的研究综述...............................................72.1资本结构理论.................................................................................................72.1.1传统资本结构理论..............................................................................72.1.2现代资本结构理论..............................................................................92.1.3新的资本结构理论............................................................................112.2资本结构影响因素实证研究综述...............................................................162.2.1宏观经济对资本结构影响的实证研究............................................162.2.2行业对资本结构影响的实证研究....................................................182.2.3公司财务指标对资本结构影响的实证研究....................................19第三章实证研究的建模方法——面板模型.....................................................283.1面板模型的分类.........