1、房地产上市公司资本结构与企业绩效的实证检验房地产上市公司资本结构与企业绩效的实证检验 摘摘 要：要：随着城市化建设的加速，我国房地产行业飞速发展，在城市化 过程中住房需求大大增加。房地产行业经常供不应求，激发了房地产开发商投资 开发的积极性，大量资金流向房地产行业。房地产经纪的快速发展使得我国整体 社会经济飞速发展。房地产行业的兴起于人们的生活息息相关，近几年房地产行 业的飞速发展以及房价的涨幅引起了人们的密切关注， 房地产企业在经营管理过 程中需要大量的资金和人才，房地产开发企业的每个经营项目蕴涵的价值量极 大，需要大量资金的运筹，是一种资金密集型的企业，房地产业的发展与其他行 业的发展紧密
2、相连。想要通过房地产行业的发展来带动国民经济的提高，就要控 制房价的不正常变化，国家各级领导阶层已经认识到了这一问题的重要性，进一 段时间以来， 房价正呈现稳定下降趋势， 房地产行业依旧占据着我国的经济巨头。 企业的经营与企业的资本结构息息相关，稳定的资本结构是企业生产经营的基 础，资本结构对企业有着重要意义，关系着企业的盈利水平，对企业资本结构的 研究具有重要的意义。企业的资本结构与企业的发展绩效也有着重要的联系，影 响着企业管理层的管理和决策。企业管理层的决策影响着企业的资本结构，资本 结构决定了企业的资本成本， 资本成本影响着企业对各种投资项目的选择以及整 体的风险水平，进而对企业产生深
3、远的影响。 关键词关键词：房地产上市公司，资本结构，企业绩效 - - Empirical Test on Capital Structure and Firm Performance of Real Estate Listed Companies Abstract: With the acceleration of urbanization, Chinas real estate industry has developed rapidly, and the demand for housing has increased greatly in the course of urbanizati
4、on. The real estate industry is often in short supply, stimulated the real estate developers to invest in the development of a large number of funds flow to the real estate industry. The rapid development of real estate brokers makes the overall social and economic development of our country. The ri
5、se of the real estate industry is closely related to peoples lives in recent years, the rapid development of the real estate industry and the rise in house prices has aroused peoples close attention, the real estate business in the management process requires a lot of money and talent, real estate d
6、evelopment business for each business The value of the project is very large, requires a lot of money to run, is a capital-intensive enterprises, the development of real estate and other industries are closely linked. Want to promote the development of the real estate industry to promote the improvement of the national economy, we must control the abnormal housing prices change, the national leaders at all levels have recognized the importance of this issue, for some time, housing pr
