Empirical Analysis On The Relationship Between The Capital Structure And Corporate Performance Of Agriculture-Listed Companies

The theory of corporate capital structure has been in focus by economic circles since MM theorem was born. In light of theories of modern capital structure, selection of corporate capital structure will influence utilizing efficiency of asset values, governance structure whereby influence corporate achievements finally.The agriculture-listed company is a kind of comparatively advanced organizational form in certain stage. The agriculture-listed company is the international main stay of the agriculture in China under the competitiveness of WTO and one of the main way capitalizing our agriculture. The agriculture-listed company can organize agricultural resources of products effectively, realize large-scale production, embody famous-band advantage fully, promote the adjustment of agricultural structure and improve the industrialization level. With the development of capital market, the agriculture-listed companies have certain proportion in all listed companies. So we should pay attention to some problems about agriculture-listed companies: What is the characteristic of the capital structure? How does the corporate governance effect of capital structure display? What influences does the capital structure affect company achievements? This article is composed of six chapters.The first part: Introduction. This part includes the objective, domestic and international research current situation, the definition of the capital structure, the research of content and technique. As far as the definition of the capital structure is concerned in the article, the author shows that it should conclude the proportionate relationship not only between the total equity capital and the whole creditor capital but also between every component part of creditor capital or equity capital.The second part: Evaluation of the modern capital construction theories. This part is mainly to introduce the early development of modern capital structure theory and the new capital structure theory on the basis of asymmetrical information theory, aiming to ram foundational theories for studying the capital structure of the agriculture-listed companies.The third part: Basic circumstance of agriculture-listed companies. This part mainly...