›› 2013, Vol. 31 ›› Issue (4): 47-51.

• Management Science • Previous Articles     Next Articles

Analysis of air China's financing structure

SUN Xin-xian,YANG Kai-yun   

  1. (Tianjin Key Lab of Civil Aircraft Airworthiness and maintenance,CAUC,Tianjin 300300,China)
  • Received:2012-06-16 Revised:2012-09-07 Online:2013-08-25 Published:2013-10-08

Abstract:

Air China's financing structure is analyzed in order to improve itself and reduce financial risk. Basing on the Pecking Order Theory and comparative analysis approach,some problems could be found and the reasons are analyzed. With consideration of these problems and reasons,some suggestions are proposed from the perspectives of company and government to improve Air China's financing structure,to strengthen government's supervision and to reduce government's intervention,etc. Financing structure is significant to companies' financial cost and risk,operating capacity,profitability and company value. The analysis of Air China's financing structure is referential to its perfection.

Key words: Air China, financing structure, comparative analysis

CLC Number: