Title :
Analysis of Financing Structure of Electric Power Listed Enterprise
Author :
Li, Tao ; Liu, Xiao-Yan
Author_Institution :
Sch. of Bus. Adm., North China Electr. Power Univ., Beijing, China
Abstract :
This paper is a study on the financing structure of electric power listed company through an empirical analysis method. According to the financial accounting theory, the suitable financing structure can effectively enhance the value of company. Through a detailed study using the data of electric power listed companies from 2004-2006, which belongs to the security markets of Shanghai and Shenzhen, We summarize the characteristics of electric power listed company: debt financing is the main method widely used in electric power listed company, especially long-term debt financing method. This find bases the foundation for further study of the financing effect of listed power companies.
Keywords :
accounting; power system economics; power system security; Shanghai; Shenzhen; electric power listed enterprise; empirical analysis; financial accounting theory; financing structure; security markets; Companies; Data security; Databases; Forward contracts; Industrial economics; Optimization methods; Power generation economics; Power supplies; Production;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5305650
