Dissertation > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management

The financing structure of listed companies in China

Author YangZuo
Tutor WangYuJie
School Central University for Nationalities
Course Political Economics
Keywords listed company capital structure bonding financing equity financing financing approach
CLC F275
Type Master's thesis
Year 2006
Downloads 364
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With the healthy and steadily development of China’s economics, the continuous perfection of China’s capital market mechanism and the deepening of financing system reform, the china’s securities business has developed greatly and the research on the corporate capital structure becomes one of the hot issues in the financial theory fields.For a long time, simplex financing system and internal financing capacity with low efficiency leads excessive liabilities to state-owed enterprises, which has been a significant aspect obsessing the reform and development of state-owed enterprises.With the reforming of fund supplying system, the forging of capital market and the broadening of financing channel, the financing structure of listed company presents a diversified phase. The proportion of equity financing is much more than that of credit financing in the capital structure of listed company. It indicates that listed company’s choice of financing approach has an intensive preference of equity financing and extremely pursues the allocating method of equity expending, such as scrip issue, which is far from The Pecking Order Theory of financing approach in matured market.The theory of Economic Rational Being holds the viewpoint

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