The Impact Of The Capital Structure Of China's Logistics Listed Companies On Company Performance And Optimization Research

As a new strategic industry, logistics industry has gradually become a new economic growth point in our country. It is very important to ensure the long-term healthy development of logistics enterprises. At present, in the background of China's economic restructuring and industrial upgrading, logistics enterprises only continue to enhance the management level and performance level can achieve long-term development, and reasonable capital structure produced great influence on enterprise governance structure and performance, Therefore, it is very necessary to study the influence of capital structure on corporate performance of logistics listing Corporation in China, and it is also very necessary to optimize the capital structure based on the performance of the company.This paper mainly focuses on how to optimize the capital structure of logistics listing Corporation in China. Firstly, this paper reviews the existing research, analyzes the current situation of capital structure and corporate performance;Then builds the quantitative model of the performance of logistics listing Corporation in China, by factor analysis method to calculate the comprehensive factor score value to represent the quantitative value of the performance of logistics listing Corporation in china; Secondly, a multiple regression model is established for the capital structure and corporate performance of logistics listing Corporation in China. The hypothesis is tested to verify whether the capital structure has a significant impact on corporate performance; Again, based on the results of empirical test, respectively, to determine the logistics of our country listed company capital structure in retained earnings, debt node Ju, between the ownership structure and corporate performance to quantify the value of optimal curve estimation model; Finally, according to determine the function of using mathematical method calculates China listed logistics company capital node interval to optimize the Ju corresponding indicators, and accordingly put forward the suggestions for the optimization of capital structure of Listed Companies in our country, logistics.The research shows that the capital structure of China's logistics listing Corporation mainly internal financing, retained earnings rate is relatively stable; debt constitutes a short-term, long-term and short-term debt as a supplement, decreased gradually; Equity structure in the concentration of ownership has tended to focus on the situation, but the number of state-owned holding companies gradually decline. The profitability of China's logistics listing Corporation in general, and volatility is obvious, more unstable; The ability to repay short-term debt in debt servicing capacity needs to be improved; The operation ability is influenced by the large amount of the working capital, and there is a downward trend; The development ability is influenced by the national policy and the market environment, and the prospect is better.This research also shows that the increase in the proportion of retained earnings will reduce the company's performance, which should be controlled within 29.57%; Debt financing can reduce corporate performance, corporate performance with the increase of the asset-liability ratio first decreases after the raise, asset-liability ratio should be controlled within 28.09%. Central African debt structure flow ratio will reduce the corporate performance, corporate performance after the first decreases with increasing of long-term debt accounted, non-current debt ratio should be controlled within 13.33%. Ownership concentration will improve corporate performance, corporate performance with the increase of the top 10 shareholders holding lower after rising first, the optimal stake to [60.09%,70.09%].