Research on Capital Structure Optimization of Listed Companies in "One Belt and One Road"

DOI

10.2991/iceemr-17.2017.54How to use a DOI?

Keywords

"One Belt And One Road", Listed company, capital structure

Abstract

Based on the data of "One Belt One Road" concept stocks listed companies in 2013 and 2014,through the "backward" multiple regression analysis, this paper takes the asset-liability ratio, current liabilities ratio and long-term debt ratio as a measure of capital structure indicators to optimize the capital structure of the model analysis for the listed companies. The results show that asset-liability ratio is negatively related to the profitability and asset management capabilities for "One Belt One Road" concept stocks listed companies, asset-liability ratio and current debt ratio is negatively related to the debt paying ability, asset-liability ratio and long-term debt ratio are positively related to the value of guarantee, long-term debt ratio is positively related to firm size, and current liabilities are positively related to growth. And the paper proposes the following suggestions for optimizing the capital structure of the listed companies: Improve asset utilization efficiency; increase debt ratio, and give fully use of financial leverage; enhance growth through the issue convertible bonds.

Copyright

© 2017, 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  - Xue-ting Luo
AU  - Yong-de Wang
PY  - 2017/05
DA  - 2017/05
TI  - Research on Capital Structure Optimization of Listed Companies in "One Belt and One Road"
BT  - Proceedings of the 2017 International Conference on Education, Economics and Management Research (ICEEMR 2017)
PB  - Atlantis Press
SP  - 211
EP  - 214
SN  - 2352-5398
UR  - https://doi.org/10.2991/iceemr-17.2017.54
DO  - 10.2991/iceemr-17.2017.54
ID  - Luo2017/05
ER  -