摘要：一个公司的债务、优先股和普通股权益为代表的各种资本的构成及其比例构成了它的资本结构。关于资本结构的问题在1958年MM理论提出以后，金融领域对资本结构就产生了很大兴趣，对资本结构的研究也投入了越来越多的精力。不管是早期资本结构理论还是后资本结构理论，期间各种理论都从不同的方面对资本结构的优化做出了自己的贡献。
资本结构实际上表示了企业有关的权利和义务，影响和决定了公司的治理结构，企业的行为和价值也跟资本结构会有一定关系。所以本文对上市公司的资本结构进行探讨，试着分析和总结上市公司资本结构的相关问题，找到上市公司资本结构相关的一些问题和问题产生的原因，进而找到一些有助于解决资本结构问题的办法。这有利于完善公司的治理机制，增加企业融资和经营效率，从而实现企业资源的合理配置，促进企业持续、健康、快速发展。36878
毕业论文关键词：上市公司；资本结构；公司治理；企业价值；优化
Study of the capital structure of listed companies
Abstract：Capital structure is a delegate with debt, preferred stock and common equity enterprise all sorts of capital composition and proportion relationship. Since 1958 MM theory of capital structure problem has always been constant attention in the field of financial economy, capital structure research also unceasingly thoroughly. The study of capital structure theory became a hot area economy, from the early capital structure theory of capital structure theory, they all studied the capital structure optimization problems from different angles.
Related enterprise capital structure reflects the rights and obligations of the company governance structure influence and determine effect, which affect the behavior of the enterprise and value. So this article from the study of the capital structure of listed companies, through the study of capital structure of listed companies, found that the capital structure of listed companies related problems and reasons, finally put forward the Suggestions to solve the problem of capital structure. It is beneficial to improve the corporate governance mechanism, increase the efficiency of enterprise financing and management, so as to realize the rational allocation of corporate resources, to promote sustained, healthy and rapid development of enterprises.
Key words: The listed company; Capital structure; Corporate governance; The enterprise value; Optimization
目录
一、绪论 1
（一）研究背景 1
（二）研究意义 1
（三）资本结构理论概述 1
1、早期资本结构理论 2
2、现代资本结构理论 2
3、新资本结构理论 2
4、后资本结构理论 3
5、国内学者关于资本结构理论的研究 3
二、我国上市公司资本结构的现状及存在的问题 4
（一）股权融资为主 4
（二）较低的资产负债率，较高的流动负债率 5
（三）较低的内源融资，较高的外源融资 5
（四）股权分置改革后面临的新问题 5
三、我国上市公司资本结构影响因素分析 5
（一）国家因素 5
（二）宏观经济因素 6
1、宏观经济的基本状况 6
2、资本市场的发展程度 7
3、宏观经济政策 7
（三）法律制度因素 7
（四）产品市场竞争 7 上市公司资本结构研究+文献综述:http://www.751com.cn/kuaiji/lunwen_35530.html