Empirical Analysis on Capital Structure of Listed Steel Companies in Hebei Based on Risk Model

摘要

With the deepening of financing behavior of Hebei Iron and Steel Company, the enterprises' capital structures are constantly changing. The composition of corporate capital structure reflects on the future level of return and risk recognition. In this paper, risk preference model is applied to analyze the capital structure of listed steel companies in Hebei, and the evolution of the capital structure is studied considering the risk factors. The actual capital structure of Tang Steel Shares is taken as example to analyze the risk preference of listed steel companies in Hebei.