| Financing is an important part of decisions of modern enterprises .How to finance and how to set up capital structure, are closely connected with to enterprise-operating ,and to some extend , they can reflect the level of economic development and financial system of one country during some time .With the deepening of economic reform ,in the circumstance of economic transition , financing ways and capital structures become diversified, and deferent enterprises' capital structure present deferent characteristics. Especially ,some big state-owned and listed enterprises develop dramastically. However ,considering the whole capital structure of enterprises, there are still some common problems ,such as low efficiency and unreasonable structure ,which have seriously. effected the value and governance of enterprises These problems have raised great concern among the scholars and government.With the means of contrast and from the reform on enterprise system and financial system ,this paper studies some issues ,such as the financing ways,capital structure and the moving mechanism of capital market, borrowing from domestic or foreign empirical study fruit and some quantitative quotas ,and find out the main factors influencing the capital structure of enterprise .The author wants to explore the principles of reform on financial system and the suggestion on optimizing capital structure ,in hope to offer enlightenment for policy-making and for the reform on enterprise system and financial system. |
