Study on Whether the Enterprise is More Profitable by Inclining to Loan or to Being Listed

DOI

10.2991/assehr.k.200316.287How to use a DOI?

Keywords

profitability, listed company, capital structure, influencing factors, principal component analysis

Abstract

“More profitable” measures good profitability. “Inclining to loan” measures preference to debt financing in the capital structure. “Incline to be listed” refers to preference to equity financing in the capital market. The performance of the enterprise will influence the capital structure of the listed company. The factors affecting the dynamic performance of the enterprise performance are bound to be radiated to the capital structure. The research and analysis for the influencing factor of the listed corporation’s capital structure does not only promote the standardization process for the financing behavior of the industry, besides the selection and optimization of correct assessment for the capital structural itself, in addition to that, it carries forward the steady development of national economy. The article chooses all of the 3610 corporations listed on A share market as example, adopting the public financial statements’ data from 2013 to 2018 of the corporations listed in stock markets of Shanghai and Shenzhen, the exploring the influencing factors of capital structure, selecting ten factors from the initial sixteen factors, appraising if the corporations more profitable inclines to loan or to be listed, which turns to examine the relationship between four categories financial indexes and capital structure.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ling Huang
PY  - 2020
DA  - 2020/03/19
TI  - Study on Whether the Enterprise is More Profitable by Inclining to Loan or to Being Listed
BT  - Proceedings of the 4th International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2020)
PB  - Atlantis Press
SP  - 1325
EP  - 1330
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200316.287
DO  - 10.2991/assehr.k.200316.287
ID  - Huang2020
ER  -