The Influence of the Financing Structure of the Listed Enterprises in the Manufacturing Industry on Their Investment

Abstract

Based on the annual financial statements data from 2014 to 2016 of domestic manufacturing enterprises, this paper is aimed at analyzing the influence of the financing structure of the listed companies in the manufacturing industry on their investment. The result shows the existence of a negative correlation. Specifically, the higher the asset liability ratio is, the less investment is likely to happen. And there are also some difference among enterprises with different scale and income.