Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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Analysis of Capital Structure, Corporate Environment, and Corporate Performance of Listed Companies in China

Authors
Ruijia Tian1, *
1Information and Computer Science, Xi an Jiaotong-liverpool University, Suzhou, Jiangsu, 215000, China
*Corresponding author. Email: Ruijia.Tian20@student.xjtlu.edu.cn
Corresponding Author
Ruijia Tian
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_116How to use a DOI?
Keywords
Capital structure; Enterprise environment; Reasonable liability range; Corporate performance; Data analysis
Abstract

The relationship between capital structure and firm performance has been one of the important directions of market economy research. Based on the information samples of Vanke, a representative real estate company, and 31 listed electric power companies, this paper analyzes and studies the relationship between them empirically by applying Spss, Python, and other data analysis tools. It is found that the experimental findings are contrary to the current findings of “positive correlation between the two” in this academic field in the West, and the Tobin’s Q value indicates that capital structure is mostly negatively correlated with firm performance, and there is a high probability of optimal capital structure. Finally, the paper analyzes the reasons why the results contradict the hypothesis: different industries and different corporate environments affect the relationship between capital structure and performance, and proposes a reasonable range of corporate finance and debt.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-098-5_116
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_116How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ruijia Tian
PY  - 2022
DA  - 2022/12/27
TI  - Analysis of Capital Structure, Corporate Environment, and Corporate Performance of Listed Companies in China
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1014
EP  - 1021
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_116
DO  - 10.2991/978-94-6463-098-5_116
ID  - Tian2022
ER  -