An Association Study On Agricultural Listed Companies Debt Financing Structure And Corporate Performance

Debt financing is an important source playing a significant role in the process of enterprise management.Debt financing structure in the enterprise play an incentive managers, coordinate the relationship betweenvarious interest groups and ultimately affect enterprise performance. As an agricultural country, agriculture hasalways been our country government, the enterprise concerned and the focus of the debate topic, study ofagricultural listed companies has theoretical and practical significance.We can take the2009-2011financial information of agricultural listed companies as samples, select tenindicators of corporate profitability, growth capacity, operational capacity and solvency as the dependentvariable, factor molecule statistical methods to calculate the enterprisefor each performance level, start fromthe overall scale of financing, debt maturity, debt financing and establish the regression model so that we candraw the relationship between debt financing structure and corporate performance.Research findings show that agricultural listed company debt structure asset-liability ratio and currentliabilities ratio negatively correlated to corporate performance, long-term debt ratio positively correlated withcorporate performance, credit ratio, internal financing ratio is not relevant.Finally, we should synthesizepractical data analysis and theoretical concepts and put forward policy suggestions about company’s internalmanagement and company’s internal operations and planning of capital markets, in order to Provide the basisfor China’s agricultural listed companies to better play the role of bond financing structure, optimize thecorporate capital structure, improve business performance.