Dissertation > Economic > Industrial economy > China Industrial Economy > Industrial sector economy

Research on the Relevance between the Capital Structure and Performance of Architecture Material-listed Companies in China

Author WuDongHua
Tutor YangXiaoMing
School Nanjing University of Aeronautics and Astronautics
Course Accounting
Keywords Architecture material-listed companies Capital structure Performance Empirical study
CLC F275;F426.92
Type Master's thesis
Year 2010
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Many scholars’studies did not draw firm and consistent conclusion between capital structure and performance at home and abroad. Some scholars’studies believe that it is related to specific industries.At present, most of architecture material-listed companies are small and medium sized enterprises and their performances of operation are very low.The industry believes that the entire industry from the low efficiency of the rapid growth of the transition to the rapid growth of high-efficiency, which requires a longer process of structural adjustment. It is very important to establish a reasonable capital structure in the development and integration process of architecture material industry. So it is necessary to study capital structure of architecture material industry and discover the relation between the industry‘s capital structure and performance.Totally 31 architecture material-listed companies were chosen as samples and 4 variables of capital structure and 4 variables of performance were defined a describing statistical analysis on relevant data of capital structure given form 2003 to 2008 was made, in the hope of summarizing its current situation. The empirical study of capital structure and performance were carried out by using SPSS software.After the actual data analysis, this article discovered that, the equity concentration degree account for the total capital stock proportion elevating and corporate shares proportion elevating are advantageous to the promotion enterprise’s management achievement; the corporate performance is positive related with the short-term debt ratio and is nagative related with the long-term debt ratio.

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