| TABLE OF CONTENTS | 第3-5页 |
| 摘要 | 第5-6页 |
| ABSTRACT | 第6-7页 |
| 1 INTRODUCTION | 第8-14页 |
| 1.1 Background and Significance | 第8-9页 |
| 1.2 Research Content and Idea | 第9-11页 |
| 1.3 Method of Research and Data Source | 第11-12页 |
| 1.3.1 Method of Research | 第11页 |
| 1.3.2 Data Source | 第11-12页 |
| 1.4 Research Characteristics and Shortcomings | 第12-14页 |
| 1.4.1 Research Characteristics | 第12-13页 |
| 1.4.2 Research Shortcomings | 第13-14页 |
| 2 THEORETICAL ANALYSES OF CAPITAL STRUCTURE AND PERFORMANCE | 第14-30页 |
| 2.1 Theoretical Analysis of Capital Structure | 第14-21页 |
| 2.1.1 Research Status Abroad | 第14-17页 |
| 2.1.1.1 Research and Development on the Theory of Capital Structure | 第14-15页 |
| 2.1.1.2 Foreign Literature Review | 第15-17页 |
| 2.1.2 Research Status Domestic | 第17-21页 |
| 2.2 The Definition of Capital Structure and Related Indicators | 第21-22页 |
| 2.2.1 The Definition of Capital Structure | 第21页 |
| 2.2.2 Related Indicators | 第21-22页 |
| 2.3 Performance Theory Analysis | 第22-23页 |
| 2.3.1 Research on Performance Issue | 第22-23页 |
| 2.4 The Definition of Performance and Performance Evaluation Index21 | 第23-30页 |
| 2.4.1 the Definition of Performance | 第23-24页 |
| 2.4.2 Performance Evaluation Index | 第24-30页 |
| 2.4.2.1 Single Indicator of Performance Measurement | 第24-29页 |
| 2.4.2.2 Multiple Indicators of Performance Evaluation Methods | 第29-30页 |
| 3 THE DESCRIPTION STATISTICAL ANALYSIS OF THE CAPITAL STRUCTURE ANDPERFORMANCE OF LISTED REAL ESTATE FIRMS | 第30-42页 |
| 3.1 Capital Structure of Listed Real Estate Firms | 第30-39页 |
| 3.1.1 Descriptive Statistical Analysis of Debt to Asset Ratio | 第30-33页 |
| 3.1.2 The Capital Structure Characteristics Analysis of Listed RealEstate Firms | 第33-39页 |
| 3.1.2.1 Irrational Financing Structure | 第33-35页 |
| 3.1.2.2 Single Financing Channel | 第35-37页 |
| 3.1.2.3 Preference to External Financing | 第37-38页 |
| 3.1.2.4 High Ownership Concentration | 第38-39页 |
| 3.2 Analysis of the Performance of Listed Real Estate Firms | 第39-42页 |
| 4 EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN CAPITAL STRUCTUREOF LISTED REAL ESTATE FIRMS AND CORPORATE PERFORMANCE | 第42-57页 |
| 4.1 Sample Selection | 第42-43页 |
| 4.2 Variable Design | 第43-45页 |
| 4.2.1 the Dependent Variable | 第43-45页 |
| 4.3 Model | 第45-46页 |
| 4.3.1 Research Hypothesis | 第45页 |
| 4.3.2 Model Building | 第45-46页 |
| 4.4 Empirical Results and Analysis | 第46-57页 |
| 5 CONCLUSIONS AND RECOMMENDATIONS | 第57-69页 |
| 5.1 IConclusions | 第57-62页 |
| 5.1.1 Imperfect Bankruptcy System | 第58-59页 |
| 5.1.2 Debt "Hard Constraints" | 第59页 |
| 5.1.3 Undeveloped Bond Markets and Single Financing Channel | 第59-60页 |
| 5.1.4 Imbalance Financing Structure | 第60-61页 |
| 5.1.5 Imperfect Internal Governance Structure | 第61-62页 |
| 5.2 Recommendations | 第62-69页 |
| 5.2.1 Improve the Corporate Bankruptcy System | 第62页 |
| 5.2.2 Strengthen "Hard Constraints" and Supervisory | 第62-63页 |
| 5.2.3 Speed Up the Development of Bond Markets, Broaden the FinancingChannels | 第63-65页 |
| 5.2.4 Improve the Governance Structure of Listed Real Estate Firms | 第65-67页 |
| 5.2.5 Limit Blindly Funding, Improve Capital Efficiency | 第67-69页 |
| 6 THE LIMITATIONS OF STUDY AND PROSPECTS | 第69-71页 |
| 6.1 The Limitations of Study | 第69-70页 |
| 6.2 Prospects | 第70-71页 |
| ACKNOWLEDGEMENTS | 第71-72页 |
| REFERENCES | 第72-77页 |
