企业融资与资本结构特征分析

Analysis of Corporate Finance and Capital Structure

企业融资与资本结构的关系十分密切,一方面资本结构是决定最佳融资组合方式和融资次序的重要影响因素之一;另一方面资本结构在理论上存在最优组合。本文以中国旅游类上市公司为研究对象,通过对2004-2008年的融资数据研究,发现其特有的融资与资本结构特征,分析其特征存在原因,进而为优化旅游企业融资提出合理化建议。

Corporate finance and capital construction are inseparable, one of the capital structure is the best way to finance the package and financing affect the order of the most important factor. The capital structure in theory there is the best combination. In this paper, China＇s tourism study listed companies, through the financing of the 2004-2008 data and found that its unique characteristics of financing and capital structure, characterized by the existence of reason, and then optimize the financing of tourism enterprises put forward reasonable proposals.