我国上市公司融资偏好探析

Analysis of Financing Predilection of Listed Companies

随着资本市场发展的日新月异,上市公司的融资途径也日趋多元化。在搜集了最近10年的资本市场资料的基础上,对我国上市公司在此期间所体现出来的融资偏好进行研究和分析,发现其仍然存在较强的股权融资偏好。从上市公司政策因素以及经济环境和经济体制等角度,并结合国内外先进的财务管理研究理论进行分析和探究,来寻找我国上市公司仍然呈现强烈股权融资偏好的更深层的原因,提出改善股权融资偏好的各种对策和建议,试图从中找出适合我国上市公司发展路线的解决方案。

With the capital market developed at an extremely rapid race,the financing way has become diversified.Based on the up-to-dated materials of capital market in the latest ten years,this paper studies and analyzes the predilection of selection of financing in Chinese listed companies during this time.It turns out that Chinese listed companies still prefer to equity financing.Based on the international and domestic advanced theory on financing,this paper studies the listed companies＇ policy factors,economic environment and economic structure.It aims to find out the deep-rooted reasons,and puts forward some countermeasure and suggestions for this predilection.Finally,it finds out the suitable solutions to advance the development of Chinese listed companies.