影响上市公司资本结构的因素分析—以房地产企业为例摘要：对于公司金融领域来说，资本结构理论的重要性往往无需赘言。其中，主流资本结构理论的核心内容是探究企业价值和资本结构二者存在的相互作用，换句话说，就是在具体的企业价值当中，资本结构所产生的影响。可是对于房地产业来说，其需要以密集的资金作为发展的基础，除此之外，投资较小的时间长，还可以很大程度带动相关产业的发展。另一方面，房地产的融资问题会直接左右着行业的整体发展水平，进而在我国宏观经济的发展过程中扮演重要角色。所以，本文选取房地产公司的资本结构为研究对象，第一部分的内容主要是简要介绍目前我国该领域的实际情况，然后分别从宏观经济、行业影响、公司内部因素等方面对资本结构的影响因素进行了探讨，在此基础上对有关的影响因素进行实证分析。最后根据分析到的结果对我国房地产上市公司现阶段出现的问题进行了描述，并结合相关理论，未解决这些问题找到针对性的措施。关键词：上市公司；房地产；资本结构；影响因素AbstractThe theory of capital structure has always been a very important research topic in the financial field of the company. The mainstream capital structure theory mainly studies the relationship between the capital structure and the enterprise value, that is, whether the capital structure affects and how it affects the value of the enterprise. And the real estate industry is a typical capital intensive industry, it is not only the demand for funds, long payback period, and led to many related industries, the financing problem is not only related to the development of the industry and the stable, sustained and stable development of the entire national economy will produce important influence. Therefore, this paper makes a detailed analysis of the capital structure of the listed real estate companies. First introduces the typical characteristics and the status quo of China's real estate listed companies, and then respectively from the macro economy, industry influence, internal factor...
