Empirical analysis of the high-tech listed companies financing behavior

Financing is a key factor that affected the development of High-tech enterprise, while the High-tech listed companies' financing behavior and financing structure were affected by many factors. It was declared by the empirical analysis that High-tech companies made little use debt financing in view of it's high risk character and had little consideration of low costs of financing, the difference in capital structure and financing capacity resulted in different financing structures in different industries. In order to resolve higher short-term risk of finance and lower financial leverage in financing structure, we should ameliorate High-tech listed companies financing structure by enhancing efficiency of capital market in our country, improve bond market and develop rights mortgage financing.