摘 要:改革開放以來，位于長三角經濟發展區的浙江省憑借堅忍不拔的開拓精神成為推動中國經濟發展的重要力量，且浙江上市公司在其中擔當著不容忽視的角色．因此，研究浙江上市公司的資本結構特點和融資戰略，不僅有利于促進浙江上市公司的健康成長，實現融資結構的優化，而且有助于推動中國上市公司的整體發展，加速中國產業經濟的轉型升級．

　　　本文以浙江上市公司滬市A股64家樣本公司為研究對象，通過數據庫、金融軟件等途徑收集財務數據，計算內部融資度、債務融資度和股權融資度來分析浙江上市公司的融資戰略．同時，運用統計軟件進行回歸分析，從短期償債能力、長期償債能力、資產營運能力等七個方面來判別其融資戰略影響因素的重要性程度，從而分析產生這一現象的原因．最后，針對關鍵影響因素提出建議和對策，以期為其他上市公司提供參考，最終達到提高公司業績，完善治理結構，優化市場資源配置的目的．

關鍵詞：上市公司；融資戰略；內部融資度；債務融資度；股權融資度

ABSTRACT:Since China reformed and opened to the world, Zhejiang province which located in Yangtze River delta Area has become an important force to promote China’s economy. Zhejiang listed companies make a contribution. Therefore, the study of Zhejiang listed company's capital structure and financing strategy will not only help promote the healthy growth of listed companies in Zhejiang Province, to achieve the optimal financing structure, but also helps to promote the overall development of China's listed companies to accelerate China's industrial upgrading and restructuring of the economy.

　　　In this paper, 64 listed companies of Zhejiang, Shanghai A-share are taken as the research object. Collect financial data to calculate internal financing degree, debt financing degree and equity financing degree in order to analyze financing strategies structure of Zhejiang listed companies. Meanwhile, I will use statistical software to do regression analysis from seven aspects, such as the short-term solvency, long-term solvency and asset operational capacity, to distinguish importance degree, finding the reasons for this phenomenon. Finally, this paper will put up suitable advice in order to provide a reference for other listed companies, wishing to achieve the success of improving company performance, the internal governance structure and optimizing marketing resource allocation purposes.

Keywords: Listed company; financing strategy; internal financing degree; debt financing degree; equity financing degree