Empirical Research on the Factors Influencing the Capital Structure of the Publicly Traded Real Estate Companies

The rationalization of capital structure has a direct influence on a company's performance,and the factors that influence the capital structure are various.This paper took 53 publicly traded real estate companies in Shanghai stock exchange from 2007 to 2010 as examples,and used principle component analysis and linear regression methods to discuss the relationship between profitability,company size,management ability,solvency,growth ability,and capital structure.The results show that the relationship between company size,growth ability,and asset-liability ratio are positive.The solvency and asset-liability ratio are negative correlation which is weak,The linear relationship between profitability,management ability,and asset-liability ratio are not significant.At last,this paper provided some suggestions for optimizing the capital structure.