房地产上市公司资本结构对公司绩效影响分析-工商管理专业论文.docxVIP

Subject ： Research of Capital Structures Impact on Corporate Specialty ： Performance for Listed Real Estate Companies Accounting Name ： Jing Ying （Signature） Instructor ： Gao Yacui （Signature） ABSTRACT Real estate industry correlation degree is high,involving many upstream and downstream industries,to boost domestic demand,expand investment and stimulate the growth of the national economy,is the pillar industry of the national economy.A few years ago, due to speculative real estate prices rising,the goverment to curb excessive speculative real estate industry,developed the control measures in different phase.The price cut,the sales revenue;Inventory increase,take up fund,increase the enterprise cost of capital,a direct impact on the real estate enterprise sales revenue and speed of capital turnover.At the present stage,our country real estate industry financing channel is unitary,the capital market is imperfect,and tend to debt financing,asset-liability ratio is generally on the high side,the degree of dependence on bank is very high,once they cant borrow money from Banks,real estate enterprises could be in the crisis of capital chain rupture, leading to the capital structure is not reasonable, may cause the company falls into the financial crisis, influence corporate performance directly.Research on listed real estate enterprises capital structure and its impact on corporate performance,can help to find a way to optimize the real estate enterprise capital structure,to adjust the debt structure,broaden the financing channels,improve business performance,the sustained and healthy development of real estate industry. In this paper the influence of the real estate capital structure on corporate performance of listed companies as the research object,from two angles of its theoretical and empirical to analysis.Review the papers related theory of capital structure and mechanism of the influence of capital structure on corporate performance,and about the present situ