畢業(yè)論文：我國(guó)上市公司融資偏好影響因素及實(shí)證研究

畢業(yè)論文：我國(guó)上市公司融資偏好影響因素及實(shí)證研究

摘要
企業(yè)融資是企業(yè)財(cái)務(wù)管理中的一個(gè)重要的組成部分，不同的融資方式形成了不同的資本結(jié)構(gòu)。進(jìn)而不僅影響到企業(yè)的長(zhǎng)遠(yuǎn)發(fā)展，也會(huì)影響到資本市場(chǎng)的健康發(fā)展。基于我國(guó)現(xiàn)在的資本市場(chǎng)不夠發(fā)達(dá)的現(xiàn)狀，我國(guó)上市公司融資結(jié)構(gòu)的突出特點(diǎn)就是偏好股權(quán)融資，而內(nèi)源融資和債務(wù)融資的比重偏低，這使得我國(guó)上市公司的融資行為與西方發(fā)達(dá)國(guó)家截然不同，有悖于資本結(jié)構(gòu)理論。
另外，隨著我國(guó)經(jīng)濟(jì)的不斷發(fā)展，及我國(guó)股權(quán)分置改革的逐步完成，股票市場(chǎng)在國(guó)民經(jīng)濟(jì)中占據(jù)著越來越重要的地位。因此改革研究目前我國(guó)上市公司的融資行為，發(fā)現(xiàn)共同存在的問題，對(duì)于規(guī)范我國(guó)上市公司的融資行為，完善企業(yè)制度，促進(jìn)資本市場(chǎng)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(guó)內(nèi)相關(guān)研究分析。后根據(jù)國(guó)內(nèi)外數(shù)值對(duì)比得出我國(guó)的上市公司的股權(quán)融資偏好問題。其次采用回歸分析，對(duì)可量化的上市公司融資偏好的影響因素進(jìn)行實(shí)證分析。
關(guān)鍵詞：資本機(jī)構(gòu) 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
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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(dāng)前僅顯示2886字，請(qǐng)閱讀下面提示信息。收藏《畢業(yè)論文：我國(guó)上市公司融資偏好影響因素及實(shí)證研究》）