煤化工上市公司资本融通和运作研究

Study on Capital Financing and Operation of Coal and Chemical Listing Companies

基于煤化工上市公司相关数据对其资本融通和运作进行统计和分析。结果表明:煤化工上市公司偏好股权融资,2008年之后随着我国债券市场的发展,行业中上市公司的债券融资比例显著增加;煤化工行业资本运作偏向对内投资,一般在资本运作后的第三年才对企业产生经济效益。

Based on the relevant data of the coal and chemical listing companies, a statistics and analysis were conducted on the capital financing and operation. The results showed that the coal and chemical listing companies would be preferences to the equity financing. Since the year of 2008, with the development of the bond market in China, a bond financing percentage of the coal and chemical listing companies were increased obviously. The capital operation of the coal and chemical industry was preferences to the domestic investment and the enterprises would have the economic benefits at the third year after the capital operation generally.