Empirical Study On The Influence Of Capital Structure Of Real Estate Listed Companies On Corporate Performance

The real estate industry is an important part of our national economy,which has the characteristics of large capital demand,high policy dependence,perfect corporate governance structure and transparent financial information.However,a series of problems have also appeared in the rapid growth of previous years,such as the excessive leverage of housing enterprises,the increase of turnover pressure,and the excessive speed of housing prices in some cities,which leads to the blind expansion of housing enterprises and greater financial risks.Capital structure is the composition of enterprise debt and equity assets,and it is also the feedback of an enterprise financing source,which determines the business performance,market share,financing cost,strategic decision and so on.The industry is now at a high level Change,integration and reconstruction of the state,the golden age of profiteering has become the past.Using the capital structure of the listed companies in the real estate industry to conduct in-depth research on the impact of business performance,so as to explore how to establish the awareness of capital structure optimization under the market shock change and policy pressure,and to promote the stable and healthy development of the industry under the policy of "housing without speculation ",so that the business performance of enterprises can be guaranteed,and can also carry out self-reform according to the research results,and put forward relevant suggestions for optimizing the capital structure and equity structure.Against this background,this paper takes the A stock real estate listed companies in China as the research object,analyzes the current situation of the development of the listed real estate companies in China on the basis of the research and theory of relevant scholars at home and abroad,puts forward my research hypothesis and constructs the corresponding research model to explore the impact of the capital structure of enterprises on the operating performance.This paper selects 109 listed real estate companies as the research sample,selects the financial index.