Abstract

Financing is an important part in the development of military enterprises, and it plays an important role in the development of military enterprises. By using empirical analysis method, 22 companies are selected as samples. The factor analysis and multivariate linear regression method are used to quantitatively analyze the internal factors of the company. These internal factors affect the financing preference of listed companies in China’s military industry. Then conclusions are drawn and relevant suggestions are put forward.

Highlights

  • The defense industry as an important industry of China's economic development and a pillar industry to safeguard national security, especially China is facing the external environment of the general peace and local wars in the international situation, and its role is increasingly prominent in the development of the national economy

  • With the development of China's market economy, the development of military industry is lagging behind the development of other industries

  • This limits the fact that enterprises can not make extensive use of capital market to promote the development of enterprises, resulting in a series of problems, such as high cost of financing and low efficiency of fund utilization

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Summary

INTRODUCTION

The defense industry as an important industry of China's economic development and a pillar industry to safeguard national security, especially China is facing the external environment of the general peace and local wars in the international situation, and its role is increasingly prominent in the development of the national economy. The financing mode of military industrial enterprises in China is still dominated by traditional bank loans To some extent, this limits the fact that enterprises can not make extensive use of capital market to promote the development of enterprises, resulting in a series of problems, such as high cost of financing and low efficiency of fund utilization. The above scholars have analyzed the problems in our military industry financing from different levels, and put forward the corresponding measures and suggestions. This paper will study the problems of military industry financing in China from the perspective of empirical analysis, and put forward some relevant suggestions. (2) Independent Variable At present, most scholars consider all the listed companies when they choose relevant indicators, while the analysis for a specific industry is relatively few, especially for the military industry, the empirical research of financing preference is basically blank. Value, enterprise scale, CVOA and HERF, are selected as the object of empirical analysis of the influencing factors of financing preference of military industry listed companies. 23 indicators, such as earnings per share, Roe, are used as concrete indicators to carry out empirical research

The logarithm of the total assets
Variance accumula
Mean square
Findings
CONCLUSIONS
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