上市公司融资偏好实证分析--以湖北为例

本文选取湖北省26家上市公司三年的年度数据为样本进行实证分析,得出上市公司融资以“外源融资为主、内源融资为辅,偏好债务融资,并呈现债务融资、折旧融资、股权融资、保留盈余的融资顺序”的结论。并简要分析了上市公司形成这一融资偏好的原因并提出了相关建议。

Empirical Analysis of Listed Companies' Financing Preference--Take the Example of Hubei Province

And then, in Hubei Province, what is the financing preference and financing structure of listed companies? The author selects 3 year's data of 26 listed companies in Hubei Province to make positive analysis and make a conclusion. Listed companies' financing structure is that external financing is principal and internal financing is subordinative. And listed company has a special fondness for liabilities financing and has a financing-order of liabilities financing, depreciation financing, equity financing, reserved surplus. Based it, the author briefly analyzes the reason and provides related suggestion.