创业板上市公司资本结构微观影响因素实证研究——基于首批28家上市公司面板数据

本文选取创业板市场首批28家上市公司2009-2012年面板数据,对创业板上市公司资本结构微观影响因素进行了实证分析,并给出了一些有针对性的建议,以期促进创业板上市公司健康、快速发展。

An empirical study on the influencing factors of capital structure of the listed companies in the Gem Board

The capital structure is the key contents of finance and financing decision of enterprises, which plays a crucial role on their survival and development. The gem stock market can provide convenient financing channels for small and medium enterprises, as well as create a normal exit mechanism for the untrue capital. Therefore, there is an important theory value and practical significance to study the micro factors influencing on capital structure of the growth enterprise market of listed corporation. This paper selected the first batch of the 28 listed companies on the gem market of the Shenzhen Stock market during the period of 2009-2012 panel data. Then it made an empirical analysis on the micro factors influencing on the capital structure of the growth enterprise market listed companies, and put forward some suggestions for promoting the growth of enterprise market of listed corporation healthily and rapidly.