Study On The Correlation Between Capital Structure And Corporation Performance Of Jiangsu Province

As the m acroeconomic environment continuing to get better, regulating the SF C system constantly, GEM lis ted companies attract more and m ore attention from people. Whether there is relation between GEM Capita l Structure and Corporate Perform ance also caused a heated debate. Firstly, I review the theory about the correlation between structure and corporate perform ance at home and abroad. Then,adopt the m ethod of descriptive statistics for the GEM listed com pany capital structure and perform ance of the present situation has carried on the com paratively detailed data analysis. The analysis of results of GEM listed companies show that asset-liability ratio is low, the ratio of current liabilities is high, the ratio of debt-to-long capita is low, asset utilization is low, current capacity is eligible poor and so on. Secondly, the use of fa ctor analysis made three total factors that represent the corporate performance of 17 indicators, and th ree main factors are in tegrated into the integration of corporate performance indicators which is viewed as the dep endent variable based on the size of the contribution rate. Select the asset-liability ratio, current liabilities ratio, th e ratio of debt-to-long cap ital and the ratio of in terest-bearing debt as independent variables, establishing Multiple regression models f or correlation between capital structure and corporate perform ance, and choose SPSS software to establishing a fixed effects model empirical analysis, by collecting companies listed on GEM 2010-2013 unbalanced panel data as sample data. Empirical Analysis of results: asset-liability ratio, the ratio of current liabilities and interest-bearing liabilities ratio was negatively correlated with performance; the ratio of de bt-to-long capital was positively correlated with corporate performance and significance is not strong. Finally, Due to the present situation and the empirical results of GE M listed company's capital structure and corporate performance, I will give suggestions and counterm easures about optimizing the capital structu re and improving corporate perform ance from a m acro and m icro perspective of GEM listed companies.