The research on capital structure factors of small board

We select the research data of the companies (in 2004–2009) which are listed on the Shenzhen small board Stock Exchange as the study sample, The way of empirical analysis of capital structure is in using the statistical method and multivariate regression model to estimate each parameter to research the factors; the study found that rates of assets and liabilities, the company size and asset structure, having a significant positive correlated properties, the rates of assets and liabilities, liquidity, profitability, Tobin´s Q and capital structure, have a negatively correlated properties.