1我国当前A股上市公司融资问题探讨——以零售业为例摘要由于我国经济的不断发展，零售业正在成为我国生产消费行业的中心。但是，因为近年来我国市场经济的快速发展，日益增多的内在问题相继浮出水面，金融变革自然变成了不可或缺的经历。也就是说，我国零售业上市公司的融资结构，同样会受这些潜在问题的影响从而获得改变。对于这些问题，经过对我国零售业上市公司的数据的分析和比较得出结论，资本结构是不对称的。它具体的表现是：不对称主要是更加倾斜于外源融资的这个方面，同时还存在股权融资的问题等特点。综合实力受到不健康的资本结构所带来的影响，根据这些，探索和研究我国零售业上市公司的融资问题就成为了主要的任务。研究者选择了63家零售业的上市公司当做了样本，对它们实施了真实事例的分析，从中选择了6个变量，它们是企业的规模、能够盈利的能力、成长性、资产担保的价值、偿债的能力、营运的效率。根据这些，得到了偿债能力与企业规模是影响我国零售业上市公司的关键原因。企业的规模越大，企业就会越是倾向债券融资。偿债的能力越强，企业就会更加倾向于股权融资。综上所述，由真实事例的分析结果，这篇文章在优化提升自身管理与优化外部环境等方面给出了一些建议。关键词：零售业融资方式融资结构偏好1AbstractDuetothecontinuousdevelopmentofChina'seconomy,theretailindustryisbecomingthecenterofChina'sproductionandconsumptionindustry.However,becauseoftherapiddevelopmentofChina'smarketeconomyinrecentyears,theincreasinginternalproblemshavesurfaced,andfinancialchangeshavenaturallybecomeanindispensableexperience.Inotherwords,thefinancingstructureoflistedcompaniesinChina'sretailindustrywillalsobeaffectedbythesepotentialproblemsandthusbechanged.Fortheseproblems,afteranalyzingandcomparingthedataoflistedcompaniesinChina'sretailindustry,itisconcludedthatthecapitalstructureisasymmetric.Itsspecificperformanceis:asymmetryismainlyinclinedtothisaspectofexternalfinancing,andtherearealsoproblemsofequityfinancing.Thecomprehensivestrengthisaffectedbytheunhealthycapitalstructure.Basedonthese,exploringandresearchingthefinancingproblemsoflistedcompaniesinChina'sretailindustryhasbecomeamajortask.Theresearchersselected63listedcompaniesintheretailindustryassamples,andanalyzedrealcases,andselectedsixvariables,whicharethesizeofthecompany,theabilitytomakeprofits,thegrowth,thevalueofassetguarantees,Theabilitytopaydebtsandtheefficiencyofoperations.Basedonthese,thesolvencyandthesizeofthecompanyarethekeyreasonsthataffectthelistedcompaniesinChina'sretailindustry.Thelargertheenterprise,themorethecompanywillfavorbondfinancing.Thestrongertheabilitytopaydebts,themorecompanieswillpreferequityfinancing.Insummary,fromtheanalysisofrealcases,thisarticlegivessomesuggestionsonoptimizingandimprovingitsownmanagementandoptimizingtheexternalenvironment.Keywords:retailindustryfinancingmethodfinancingstructurepreference1目录1绪论....................................................................................................................................11.1研究目的及意义.....................................................................................................11.1.1研究目的......................................................................................................11.1.2研究意义.....................................................................................................11.2国内外文献现状.....................................................................................................21.2.1国外研究现状..............................................................
