题 目： 零售业上市公司融资偏好分析 零售业上市公司融资偏好分析摘要：因国民经济的发展，零售业逐步成为生产消费的主导行业。然而，近年来由于我国市场经济的高速发展，使得越来越多的潜在问题浮出水面，金融变革也就成为了必不可少的经历。这也就意味着我国零售业上市公司的融资结构，也会受其影响得到改变。对此，通过比较我国零售业上市公司的数据可知，资本结构处于不对称性的局面。其具体表现为：天秤倾斜在外源融资这一方，并具有股权融资偏好等特点。不健康的资本结构会影响行业的综合实力，为此探究我国零售业上市公司的融资偏好的任务就成了重中之重。笔者选取了 63 家零售业上市公司作为样本数据，进行实证分析，选取 6 个变量，分别是企业规模、盈利能力、成长性、资产担保价值、偿债能力、营运效率。得出了企业规模和偿债能力是影响我国零售业上市公司的主要因素。当企业规模越大时，企业会偏好于债券融资。而偿债能力越强，则会使得企业偏好于股权融资。最后，根据实证分析结果，本文在优化外部环境和提升自身管理等方面提出了建议。关键词：零售业 融资方式 融资结构偏好Abstract:Due to the development of the national economy, the retail industry has gradually become the leading industry for production and consumption. However, due to the rapid development of China's market economy in recent years, more and more potential problems have surfaced and financial reforms have become an indispensable experience. This means that the financing structure of listed companies in China's retail industry will also be affected by the changes. In this regard, by comparing the data of listed companies in China's retail industry, the capital structure is in asymmetry. Its specific performance is: Libra tilts in the foreign financing side, and has the characteristics of equity financing preferences. Unhealthy capital structure will affect the overall strength of the industry. Therefore, the task of exploring the financing preference of listed companies in the retail industry in China has become a top ...
