本文選題：山西　切入點：煤炭　出處：《山西財經大學》2013年碩士論文

【摘要】：我國煤炭資源儲量豐富，是世界上少有的以煤炭為主要能源的國家之一，煤炭行業(yè)是我國國民經濟的重要支柱行業(yè)。而山西是我國的煤炭大省，煤炭資源儲量多，品種全，煤炭開采技術硬，煤炭行業(yè)長期以來一直是山西經濟發(fā)展的中心。但是由于煤炭產業(yè)集中度長期分散，由此引發(fā)的問題不斷，在國家產業(yè)政策調整的形勢下，煤炭企業(yè)不斷地進行著兼并重組的工作，山西煤炭上市公司應當抓住機遇，，迎接挑戰(zhàn)，不斷增強各自的實力，不斷發(fā)展壯大。隨著我國經濟的飛快發(fā)展，我國各方面專業(yè)化進程的推進，我國居民的消費結構與以前相比有很大變化，國內對能源尤其是煤炭資源的需求持續(xù)增長，山西煤炭上市公司必須跟隨經濟發(fā)展步伐，及時調整自身發(fā)展戰(zhàn)略，及時發(fā)現資本結構存在的問題，不斷進行資本結構的調整。 怎樣的資本結構才是山西煤炭企業(yè)的最優(yōu)資本結構，影響這些公司資本結構的因素有哪些，資本結構與公司績效的關系又是怎樣的，這些都是山西煤炭上市公司資本結構方面需要研究的問題。本文將山西煤炭上市公司作為研究對象，通過對山西煤炭上市公司2007年至2011年有關資本結構方面數據的分析，探討了山西煤炭上市公司資本結構的現狀及其融資方式的選擇，并且對資本結構與公司績效、資本結構的影響因素進行了描述性和實證性分析，得出的結論是山西煤炭上市公司股權集中度高，負債結構不合理，流動負債比例較高，而且公司規(guī)模的大小和企業(yè)債務償還能力對資本結構的作用較大，企業(yè)成長性對資本結構的影響不顯著，為此提出了山西煤炭上市公司應該優(yōu)化股權結構和負債結構，增加內部積累，提高盈利能力等措施。
[Abstract]:China is rich in coal resources and is one of the rare countries in the world where coal is the main source of energy. The coal industry is an important pillar industry of our national economy, and Shanxi is a big coal province in China, with many reserves of coal resources and a wide variety of coal resources. The coal mining technology is hard, and the coal industry has been the center of economic development in Shanxi for a long time. However, because the concentration of the coal industry has been dispersed for a long time, the problems caused by this have been incessant. Under the situation of the adjustment of the national industrial policy, Coal enterprises are constantly engaged in the merger and reorganization work. Shanxi coal listed companies should seize the opportunity, meet the challenges, constantly enhance their respective strength and continue to grow. With the rapid development of China's economy, With the advancement of specialization in all aspects of our country, the consumption structure of Chinese residents has changed greatly compared with the previous years, and the domestic demand for energy, especially coal resources, has continued to grow. The listed coal companies in Shanxi must follow the pace of economic development. Adjust own development strategy in time, discover the problem of capital structure in time, carry on the adjustment of capital structure constantly. What kind of capital structure is the optimal capital structure of Shanxi coal enterprises, what are the factors that affect the capital structure of these companies, and what is the relationship between capital structure and corporate performance? These are the problems that need to be studied in the capital structure of Shanxi coal listed companies. This paper takes Shanxi coal listed companies as the research object, through the analysis of the capital structure data of Shanxi coal listed companies from 2007 to 2011. This paper probes into the present situation of the capital structure of Shanxi coal listed companies and the choice of their financing methods, and makes a descriptive and empirical analysis of the capital structure, corporate performance and the influencing factors of the capital structure. The conclusion is that Shanxi coal listed companies have a high concentration of equity, unreasonable debt structure, high current debt ratio, and the size of the company and the ability of corporate debt repayment play a greater role in capital structure. The influence of enterprise growth on capital structure is not significant. Therefore, the author puts forward some measures such as optimizing the structure of equity and debt, increasing the internal accumulation and improving the profitability of Shanxi coal listed companies.
【學位授予單位】：山西財經大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F275;F426.21

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