ABSTRACT With state-owned enterprise organizational further reform and the upsurge’s arrival of overseas combine, questions of stock-listed company in our country exist be exposed. Partial enterprises collapse when intemperate expansion, because of loses the stable cash class. How can the domestic stock-listed company continue steady to develop has become the imminent question? Among them, Research regarding the capital structure and the financial risk will certainly be the focal point, but domestic accountant the academic circles was still in the blank in the domain of demonstrative investigate. This article, with a brand-new angle of view, hoped establishes the simple dual linear-return model by myself to make analysis processing of stock-listed company’s financial data which the company announced recently, carried on the stock-listed company’s capital structure and the financial risk demonstrative investigate. For the purpose of finding the relationship between the company capital structure and the financial risk, hoped can form myself viewpoint of the company capital structure and the financial risk and give some valuable advisory opinions. Through the reasonable adjustment enterprise's capital structure method, achieved reduces the stock-listed company’s financial risk goal, enables the enterprise to develop with the Chinese economy steady. Based on demonstrative investigate of stock-listed company’s capital structure and the financial risk, we can see China stock-listed company’s capital structure does not exert the effect it should have. Company must use loan financing and increase payoff level to keep the financing risk on low level
KEYWDRDS: stock-listed company; capital structure; financial risk；demonstrative investigate
