%0 Journal Article
%T Analysis on the Factors Affecting the Capital Structure of Small and Medium-Sized Enterprises in China
%A Jiaxu Jiang
%A Futang Dong
%A Bingxin Du
%J American Journal of Industrial and Business Management
%P 156-162
%@ 2164-5175
%D 2018
%I Scientific Research Publishing
%R 10.4236/ajibm.2018.81010
%X The capital structure of
small and medium-sized enterprises is closely related to enterprise financing.
At present, the capital structure of small and medium</span><span style=\"font-family:Verdana;\">-</span><span style=\"font-family:Verdana;\">sized enterprises in China
is unreasonable. There are disadvantages such as low proportion of internal
financing, single external financing channels and excessive short-term
liabilities. The theory of enterprise capital structure studies how the
enterprise arrange</span><span style=\"font-family:Verdana;\">s</span><span style=\"font-family:&quot;\"><span style=\"font-family:Verdana;\"> its
capital structure in its development or contraction, which means how the
enterprises determine the ratio of their own capital, equity capital and debt
capital in order to maximize their market value.</span><span style=\"font-family:Verdana;\"> In other words, how to find the optimal capital structure of the
enterprise is th</span><span style=\"font-family:Verdana;\">e central task of
the theory. This paper starts from the economic environment and characteristics
of small and medium-sized enterprises, discuss</span></span><span style=\"font-family:Verdana;\">es</span><span style=\"font-family:Verdana;\"> the
internal and external factors affecting the capital structure of small and
medium</span><span style=\"font-family:Verdana;\">-</span><span style=\"font-family:Verdana;\">sized
enterprises and put</span><span style=\"font-family:Verdana;\">s</span><span style=\"font-family:Verdana;\"> forward the countermeasures and suggestions for optimizing capital structure of
small and medium-sized enterprises.
%K Small and Medium-Sized Enterprises
%K Capital Structure
%K Factors
%K Capital Market
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=81917