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畢業(yè)論文:我國上市公司融資偏好影響因素及實證研究

發(fā)表時間:2013/8/9 19:59:34

畢業(yè)論文:我國上市公司融資偏好影響因素及實證研究

摘要
企業(yè)融資是企業(yè)財務管理中的一個重要的組成部分,不同的融資方式形成了不同的資本結構。進而不僅影響到企業(yè)的長遠發(fā)展,也會影響到資本市場的健康發(fā)展。基于我國現在的資本市場不夠發(fā)達的現狀,我國上市公司融資結構的突出特點就是偏好股權融資,而內源融資和債務融資的比重偏低,這使得我國上市公司的融資行為與西方發(fā)達國家截然不同,有悖于資本結構理論。
另外,隨著我國經濟的不斷發(fā)展,及我國股權分置改革的逐步完成,股票市場在國民經濟中占據著越來越重要的地位。因此改革研究目前我國上市公司的融資行為,發(fā)現共同存在的問題,對于規(guī)范我國上市公司的融資行為,完善企業(yè)制度,促進資本市場的健康發(fā)展有著極其重要的意義。
本文首先回顧了融資理論及國內相關研究分析。后根據國內外數值對比得出我國的上市公司的股權融資偏好問題。其次采用回歸分析,對可量化的上市公司融資偏好的影響因素進行實證分析。
關鍵詞:資本機構 融資偏好 回歸分析

Abstract
The Enterprise financing to enterprise financial management is an important part of the financing way, different form the different capital structure. And then not only affect the long-term development o
……(新文秘網http://www.120pk.cn省略1027字,正式會員可完整閱讀)…… 
companies in China, which makes the financing behavior of western developed countries are entirely different, bucking capital structure theory.
In addition, with Chinas economic development, and our country reform of non-tradable shares of stock market gradually completing in national economy plays a more and more important role. So reform of the listed companies in China at present, find common financing behavior, the e*isting problems of the listed companies in China to standardize the financing activities, improve enterprise system, promoting the healthy development of the capital market is very important.
This paper first reviews the financing theory and related research
the
Enterprise financing of enterprise financial management is an important part of the financing way, different form the different capital structure. And then not only affect the long-term development of the enterprise, also can affect the healthy development of the capital market. Based on Chinas current capital market, the present situation of the underdevelopment of listed companies in China is the outstanding characteristic of financing structure, and preference equity financing internal financing and debt financing relatively low proportion of listed companies in China, which makes the financing behavior of western developed countries are entirely different, bucking capital structure theory.
In addition, with Chinas economic development, and our country reform of non-tradable shares of stock market gradually completing in national economy plays a more and more important role. So reform of the listed companies in China at present, find common financing behavior, the e*isting problems of the listed companies in China to standardize the financing activities, improve enterprise system, promoting the healthy development of the capital market is very important.
This paper first reviews the financing theory and related research analysis. According to the numerical comparison at home and abroad after that Chinese companies listed equity financing the preferences problem. Secondly by regression analysis, the listed company of quantifiable influence factors of financing preference empirical analysis.
Keywords: capi ……(未完,全文共16043字,當前僅顯示2886字,請閱讀下面提示信息。收藏《畢業(yè)論文:我國上市公司融資偏好影響因素及實證研究》
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