摘要
随着我国市场经济体制的发展和完善,证券市场已初具规模,上市公司的数量日益增加。上市公司的融资结构对整个公司的发展以及市场资源的有效配置有重要的影响。文章以现代融资结构理论为基础,以上市公司为分析对象,从资本结构的六个方面对我国上市公司的融资结构现状进行了分析,发现我国上市公司融资结构具有偏好股权融资,债券融资比例低的特征。并从规范上市公司融资行为、优化股权结构,发展债券市场等六个方面对我国上市公司融资结构中存在的不合理方面给出了一些改进的建议。
With the development and perfection of China＇s market economy system, the stock market has begun to take its shape and the numbers of the listed companies are also increasing daily. The financing structure of the listed company has an important influence to the development of the whole company and the effective allocation of the market resources. Based on the modern financing structure theories, this paper analyzes the current situation of the financing structure of China＇s listed companies from six aspects of the capital structure. And it finds that the financing structure has the characteristics of preference of stock financing and low ratio of bond financing. The paper also puts forward some suggestions to improve the financing structure of China＇s listed companies, such as regulating the financing acts of the listed companies, optimizing the stock structure and developing the bond market.
出处
《长沙通信职业技术学院学报》
2007年第2期22-25,共4页
Journal of Changsha Telecommunications and Technology Vocational College
关键词
上市公司
融资结构
股权融资
listed companies
financing structure
stock financing
