Optimizing The Capital Structure Of The Private Enterprise And Studying On The Financing Tactics

Circulation of enterprise's capital is the activity of raising the fund for realizing the financial goal, arrangement of capital structure is the core of raising the fund decision, and the criterion of measuring capital structure good or bad is enterprise market value is most heavy or capital cost is the lowest. The reasonable capital structure is not merely helps to improve the business efficiency of enterprises, but also is favorable to the rational distribution of the resources of the whole society. The choice of enterprise's capital structure, on one hand is urged and stipulated by enterprise's goal directly, on the other hand is influenced by financing cost and financing risk, is still influenced by financing environment at the same time. According to the structural theory of the modern capital, financing ways of enterprises choosing are different, corresponding financing efficiency is different, will form different financing structure too, and then determine different capital structure, influence the market value of enterprises finally.The privately operated economy is important constituent of national economy in our country, is new growth point of our country economy. The capital structure is the foundation of the development of the private enterprise and restrict the financial risk that enterprises face directly, influence enterprise's whole market value. Does the private enterprise care about the optimization of the capital structure? Is the capital structure reasonable? How is financing efficiency? Are there positive relations between the capital structure of the private enterprise and financing efficiency? These problems all need to carry on systematic research from theory and practice.This article is on the basis of investigating the structural theory of the western enterprise's capital, regard enterprise different developing stage of lifespan as the clue, analyze the relation of medium and small private capital structure of manufacturing company of our country and financing efficiency current situation, reason and the two. Forming proposing optimizing the structure of enterprise's capital, in terms of a innovation for solve of our country enterprise run by the local people finance problem then realize maximum of enterprise value turn on a thinking. Study enterprise run by the local people capital structure optimize problem , appraise financing current situation of enterprise run by the local people as to correct understanding, solve financing predicament , bring about an advance in enterprise run by the local people,...