Research On The Relationship Between The Performance And Capital Structure Of Tai’an Baoyuan Corporation

Based on the current situation of the capital structure and company performance of the Baoyuan Company in Taian City,the paper analyzed the existing problems,and established the relationship model of the capital structure on the company’s performance,and then based on the correlation between the performance and debt ratio of the Baoyuan Company in Taian City in recent years Empirical analysis of the model was carried out through multiple collinearity and heteroscedasticity tests,regression analysis and other methods.Finally,based on the analysis results,the two aspects of internal financing management and external financing management were proposed for Tai’an Baoyuan Company.Financing advice.The research content and results of the thesis include the following aspects:(1)By consulting and analyzing a large number of domestic and foreign papers,professional books and other documents,systematically combed the relevant research results and current situation at home and abroad,and analyzed the deficiencies of existing research.(2)Carried out basic theories and concepts related to the research of this article,including SME financing theory,capital structure theory and corporate performance theory.(3)Analyze the capital structure and company performance status of Baoyuan Company in Taian City.First,it introduces the basic situation of Baoyuan Company in Tai’an City,then focuses on the analysis of the company’s capital structure and performance status;finally,it analyzes the problems in the company’s capital structure.(4)Explained the construction process of the relationship model between capital structure and performance of Baoyuan Company in Tai’an City,and conducted data analysis on it.Determine the evaluation indicators of the company’s performance,select five comprehensive indicators of operating ability,development ability,cash flow ability,solvency and profitability,and subdivide them into ten detailed indicators;use principal component analysis to determine the company The asset-liability ratio,current-liability ratio,and long-term debt ratio are the main component factors,and data analysis is carried out on the regression effects of the three on the company’s comprehensive performance.(5)The results of the relationship analysis,the verification,analysis and conclusions of Hypothesis 1 and Hypothesis 2 were drawn,and then based on the verification results,corresponding enlightenments were drawn for the financing status of Tai’an Baoyuan Company,respectively,from optimizing internal financing The two aspects of management and improvement of external financing management put forward a series of suggestions for the future financing of Tai’an Baoyuan Company.Based on the above research content and results,the research conclusions of this article include three points:First,the financing of the former Baoyuan Company of Tai’an City is more inclined to adopt indirect financing mode,which is heavily dependent on commercial bank loans,and there are single channels and unreasonable capital structure.Low financing efficiency,high financial risks,etc.The company’s operating capabilities,development capabilities,cash flow capabilities,debt repayment capabilities,and profitability have been in a dynamic trend in recent years,and the overall trend is increasing year by year,but the growth rate is relatively slow;the second is to pass The empirical analysis of the impact model proposed in this paper shows that the performance of the Taian Baoyuan Company is negatively correlated with the asset-liability ratio,negatively correlated with the current debt ratio,and positively correlated with the long-term debt ratio.Therefore,this paper believes Only when the Taian Baoyuan Company continues to develop and expand to a certain scale,can there be a reasonable debt range,so that the company’s overall performance will rise with the increase in the asset-liability ratio,and the current liabilities are in recent years.It is an important financing model of Baoyuan Company in Taian City.The company’s comprehensive performance has been at a stable level since its listing,but the overall performance is relatively low.The reason may be that the company’s listed stocks and business expansion have led to the company’s comprehensive performance to a certain extent However,the current funds obtained through debt financing are mainly used for a series of short-term developments.The funds invested in long-term are too small,and if it continues,it is easy to cause a vicious circle;third,the Tai’an Baoyuan Company needs to optimize The two major aspects of internal financing management and the improvement of external financing management are embarked on,adjusting and optimizing its own capital structure,innovating financing models,and promoting the company’s long-term and sustainable development.