更新时间：08-28 （小时代）提供原创文章
摘要：研究上市公司资本结构与公司绩效的相关问题的重要性在于资本结构与公司绩效之间的关系是经济发展的必然产物。随着我国市场经济的不断完善，公司制度的不断规范，公司资本结构与绩效的探讨成为理论界和实务界的热点。本文通过分析上市公司资本结构没有对公司绩效发挥应有作用的问题：流动负债高；企业破产制度不健全；公司治理机制尚不完善。因此，本文通过国外经验，提出：大力发展债券市场，完善我国的债券融资渠道；健全企业的破产机制；完善上市公司法人治理结构；逐渐建立完善的资本市场机制，进一步完善和加强我国股票发行与流通市场之间的衔接；充分利用负债融资的“税盾效应”。
关键字：上市公司；资本结构；公司绩效；经济；制度
Abstract：The listed company capital structure and performance of the company is related to the importance of the problem of capital structure and corporate performance of the relationship between is the inevitable result of economic development. With the perfection of the market economy in China, the company constantly standard system of company capital structure and performance of the theory and practice discuss becoming a hot spot. Through analysis of the capital structure of listed companies no company performance play its proper role problem: high current liabilities; The enterprise bankruptcy system is not sound; The company governance mechanism still is not perfected. Therefore, this article through foreign experience, put forward: equity reform, enhance the circulation proportion, promote "with shares the same rights"; Pay attention to cash management, improve debt paying ability; To development of the bond market and perfect our bond financing channel; Gradually established capital market mechanism, further improvement and strengthening our country stock issuance and circulation between market interface; Make full use of debt financing "tax shield effect".
Key words: Listed company ;Capital structure;company performance;economic; system
虽然目前我国上市公司的资本结构还不是很理想，但随着社会的不断发展，经济活动及生产技术的不断进步，其资本结构一定会趋于完善。上市公司资本结构的优化，是为了降低公司的加权资本成本，增加股东的财富。对资本结构影响因素的分析，为资本结构的优化提供了良好的启示。