Factors Influencing The Debt Structure Of The Investment Of Chinese Listed Companies

Investment activity is the company’s normal production and operation, seeking to expand the production scale of development priorities is one of the three part of modern corporate finance activities. Under our current market environment, investment heat rising,the current assessment of the market generally has been the emergence of over-investment problem. Before the State Council also issued documentation requirements to prevent excessive investment issues specific industries. While overall investment heat up, but data show that some companies still appear underinvestment problem. Excessive investment company will make the investment of no value to the detriment of the company’s value, are more likely to make the company into a financial predicament; inadequate investment will also make the company did not use appropriate investment opportunities for corporate value damage, we can see full research firm investment behavior prompted the company to make an efficient investment has profound significance.Based on the close links between financing activities and investing activities from the financing perspective start to explore the company’s investment activities with a more intuitive sense. Current research of the main components of different liabilities assumed homogeneous, coming as a total amount of liabilities to study their impact on the company’s investment behavior, but because of different maturities and sources, the components have significantly different characteristics. Therefore, this paper from two angles, investigate the effect of debt maturity structure and debt structure on the source of the investment behavior of listed companies, specifically on the one hand to verify the impact of debt with different maturities and sources of investment spending for listed companies, on the other hand to explore different impact on listed companies inefficient investment period and different sources of debt. Provide some reference for solvingChina’s listed companies inefficient investment through research trying to prove that the different roles of debt with different maturities and sources of listed companies and noninIn this paper, a total of six chapters, each chapter reads as follows:...