我国当前A股上市公司融资问题探讨一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AbstractDue to the continuous development of China's economy,the retail industry isbecoming the center of China's production and consumption industry.However,becauseof the rapid development of China's market economy in recent years,the increasinginternal problems have surfaced,and financial changes have naturally become anindispensable experience.In other words,the financing structure of listed companies inChina's retail industry will also be affected by these potential problems and thus bechanged.For these problems,after analyzing and comparing the data of listed companiesin China's retail industry,it is concluded that the capital structure is asymmetric.Itsspecific performance is:asymmetry is mainly inclined to this aspect of external financing,and there are also problems of equity financing.The comprehensive strength is affected bythe unhealthy capital structure.Based on these,exploring and researching the financingproblems of listed companies in China's retail industry has become a major task.Theresearchers selected 63 listed companies in the retail industry as samples,and analyzedreal cases,and selected six variables,which are the size of the company,the ability tomake profits,the growth,the value of asset guarantees,The ability to pay debts and theefficiency of operations.Based on these,the solvency and the size of the company are thekey reasons that affect the listed companies in China's retail industry.The larger theenterprise,the more the company will favor bond financing.The stronger the ability to paydebts,the more companies will prefer equity financing.In summary,from the analysis ofreal cases,this article gives some suggestions on optimizing and improving its ownmanagement and optimizing the external environment.Keywords:retail industry financing method financing structure preference目录1绪论1.1研究目的及意义1.1.1研究目的1.1.2研究意义1.2国内外文献现状…1.2.1国外研究现状1.2.2国内研究现状.1.3研究内容与方法1.3.1研究内容…31.3.2研究方法…2企业融资问题的相关理论基础2.1资本结构理论.…2.2优序融资问题理论…2.3基于代理成本理论的融资问题理论2.4基于所有权和控制决定权的融资问题理论3我国零售业上市公司融资结构现状分析3.1内源融资和外源融资.….63.2股权融资和债务融资4零售业上市公司融资问题影响因素实证分析94.1样本的来源与变量选择.…94.2研究假设94.3回归模型设计…104.4研究结果分析…5优化我国零售业上市公司融资结构的对策与建议..145.1大力发展证券市场145.2健全完善法律法规…5.3注重提高企业的盈利能力5.4注重提高企业的收益质量