Abstract
With the rapid development of market economy in China, China\'s capital market has undergone tremendous changes.The number of listed companies is increasing, more and more large scale of capital, the demand is also growing, so how to obtain the capital, that is how to determine the company\'s financing of listed companies has become the primary problem to be considered, the capital is a company\'s survival foundation, therefore, how to minimize the cost of acce to enterprise required capital and does not influence the enterprise own development will not bring any negative influence to become a difficult problem to solve.Along with our country market economy system \'s development and perfection, but also will have more enterprises through listing financing, therefore, in-depth study of China\'s listed companies financing structure, to understand how to minimize the cost of establishing the best capital structure in order to achieve the maximization of enterprise value, to achieve the objectives of financial management has important theoretical and practical significance.
This article takes the modern capital theory as theoretical background, analysis western listed companies financing preference and the present condition of listed companies, the China\'s listed companies financing tendency to exist, from the factors of the cost of capital, corporate governance, capital market and other aspects of verification, the financing structure of Chinese listed companies and financing cost exist iues discued and put forward the corresponding suggestions.
随着我国市场经济体制的发展与完善，还将有更多的企业通过上市来融资，因此，深入研究我国上市公司的融资结构，了解如何以最小的代价建立最佳资本结构以便达到企业价值最大化，实现财务管理的目标具有重要的理论和现实意义。
本文以现代资本理论为背景，分析西方上市公司的融资偏好与我国上市公司的现状，得出我国上市公司的融资倾向，对存在的成因从资本成本、公司治理结构、资本市场等方面进行论证，
