论我国上市公司资本结构的优化

论我国上市公司资本结构的优化

摘要：上世纪90年代之后，在政府的支持和推动下，我国越来越多的企业走向资本市场，公开发行股票，成为上市公司。随着我国资本市场的发展，上市公司不断壮大。但是这些公司在发展的过程中，面临许多问题和缺陷，尤其是资本结构存在许多不完善的地方，已经严重制约了上市公司的进1步发展，使得公司业绩徘徊不前或下滑，同时也阻碍了我国资本市场的进1步发展，并影响宏观经济的健康快速发展。因此，研究我国上市公司资本结构优化的问题无疑具有深远的现实意义。本文首先介绍了资本结构并对资本结构理论进行了评述；其次从上市公司的总体负债水平、股权结构及债务融资结构等方面描述了我国上市公司资本结构的基本现状；然后分析了影响上市公司资本结构的因素；最后提出优化我国上市公司资本结构的对策。

关键词：上市公司；资本结构 ；优化

The Discusstion of Optimazing the Capital Structure of the Listed Company of Our Country
 
Abstract ：After the 1990s, under the support and pushes of the government, more and more of our business enterprises headed for the capital market, openly issued stocks and became listed companies. Along with the development of our countrys capital market, the listed companies are getting continuously stronger. In the process of development, these companies face many problems and blemishes, and particularly there exist many imperfect places in the capital structure, which obstructed the further development of the capital market, and affected the healthy and fast development of the macro-economy. Therefore,the research on capital structure of listed companies in China has undoubtedly profound realistic meanings. At first, the paper introduced the capital structure and analyzed the capitals structure theories; secondly,described the basic present condition of capital structure of listed company in China from the total liabilities level, the ownership of a share structure and the obligation margin structure etc; then analyzed the factors that influence capital structure of the listed companies;at last,put forward the excellent measures of optimazing the listed companies of our country.

Key words: Listed company; Capital structure; Optimaze （科教作文网http://zw.nseAc.com）