关键词: 资本市场, 资本结构, 公司治理

Abstract: Theories of Finance change with the financial marketizing and the theory of capital market becomes a very important one among modern financial theories. As the Chinese capital market being at the key developing stage, it is very important to analyze the relationships between capital structures and corporate governance of the listed companies. Now, the followings affect the capital structures: firstly the institutional factors, such as equity structures, shareholders structures and incentive mechanisms. Secondly the non-institutional factors, including industrial cycles, market competitions, and the development of the markets for control rights and debtors.

Key words: capital market, capital structure, corporation governance