An Analysis of The Reverse Financing Favouritism of Listed Companies

The financing law in the western modern financing structure theory thinks : Enterprise financing should choose endogenous financing first, other source financing should elect the debt for the first time , then issue stocks. And while analyzing the relevant data of the listed company of our country, I saw there are serious reverse choices among the financing of listed company.This phenomenon has relation ship with the finance system,cost and the development of boand market in our country. The actual effects of managing in the company, security market resource distribution function and macroscopical monetary policy of the country have all exerted a bad influence. Only through strengthening the macroscopical institutional improvement fundamentally, perfecting company's administration structure according to the normal modern enterprise system, and developing the bond market of the company could correct this kind of phenomenon energetically.