Analysis of the Financing Preference Structure in Private Listed Company

By means of positive study on financing behavior of private listed companies, this article indicates the performances of financing structure such as the good use of short term fund financing instrument but not enough use of long term fund financing instrument. The listed company uses barely bonds instead of mainly depending on commerce credit, short term loan and the stocks in financing. In the meantime, the causes of the financing preference structure have been discussed on the basis of it. At last, the paper puts forward to the thinking of improving the financing preference structure in Chinese private listed companies.