產(chǎn)品市場(chǎng)競(jìng)爭(zhēng)對(duì)我國(guó)上市公司資本結(jié)構(gòu)的影響研究.pdf

1、南京農(nóng)業(yè)大學(xué)碩士學(xué)位論文產(chǎn)品市場(chǎng)競(jìng)爭(zhēng)對(duì)我國(guó)上市公司資本結(jié)構(gòu)的影響研究姓名：吳一兵申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：金融學(xué)指導(dǎo)教師：王懷明20050501AnalysisofProductMarketCompetition’SInfluenceontheCapitalStructureofListedCompanyABSTRACTAccordingtothemodemcapitalconstructiontheories，thelistedcomp

2、anyexsitsinexteriorfinancingprocesspriorityorderThefinancingmethodconsideredfirstlyshouldbeanobligationfinancing，becauseobligationfinancingcarlnotonlyreducetheinterfereofthecapital’Ssupplierstothemanagementofthecompany，b

3、utalsothecostofobligationfinancingislowerthan血eotherfinancingmethodMoreoverthetaxshieldincomeandthefinancialsignalalsowillplayapositiveroleThenthefinancingmethodthatshouldbeconsideredissharefinancing，becausetheinvestorha

4、sthemoststronginterferingeffect，andthecostofstockpublishingistoohigherthanotherfinancingmethod，producingthecontraryfinancialsignalinfluenceeasilyatthesametimeButthelistedcompaniesofourcountryhavethepreferenceforsharefina

5、ncingintheexteriorfinancingpractice，thecurrentcapitalstucturetheoryCannotgiveagoodexplainofthiskindofphenomenonThisarticlestudiedtheproductmarketcompetition’Sinfluenceonthecapitalstructureoflistcompaniesofourcountryfroma

6、newangle。。。_———productmarketcompetitiononthebasisofindustryorganizingtheoriesblendingwithcompanyfinancetheories，combiningtoexplainthephenomenonofpreferenceforsharefinancingintheexteriorfinancingpracticeofthelistedcompany

7、inOurcountryreasonablyThisarticleismaintobeconstitutedbysixparts：Thefirstpart：ModemcapitalconstructiontheoriesThispartismaintointroducethedevelopmentofmodemcapitalconstructiontheriesfromtwoaspects：thecapitalconstructionm

8、aincurrenttheoriesschoolandcapitaldecisionfactorschool。Thesecondpart：BasiccircumstanceofcapitalstructureoflistedcompanyinourcounllyThispartismaintodrawthestatisticsofthecapitalstructureofthelistedcompanyinourcountryandde

9、scribethemaincharacteristicsofcapitalstructureoflistedcompanyinOurcountryThethirdpart：Themechanismofproductmarketcompetition’SinfluenceonthecapitalstructureoflistedcompanyThispartfirstlydefinetherelatedconcept，thenanalyz