Company Characteristic Influential Factors of Capital Structure and Evaluation Model——Based on Experience Evidence of the Listed Companies in China

The formation of capital structure of the listed companies in China has its own characteristics. Using the theory of capital structure, the methods of principal component analysis and multi-regression analysis and taking the listed companies as a sample, the paper empirically studies the relations between capital structure and the structure of stock-holding shareholders, company size, profitability, growth, assets structure, equity circulation, income variation degree, non-debt tax shield and income tax. Then it draws seven important conclusions and sets up a comprehensive evaluation model for capital structure and finds out optimal capital structure zone.