In the context of the continuous development of the market economy and the increasingly complex financial environment, listed companies are facing diversified investment and financing choices. Reasonable investment and financing decisions are crucial for the sustainable development of enterprises. This study focuses on the impact of debt financing on the investment and financing behavior decisions of listed companies. By combing through relevant theories, this paper deeply analyzes the influencing factors of corporate investment and financing behavior decisions, as well as the impact mechanism of debt financing on them. Researchers use empirical research methods, selects appropriate samples and data, defining and measuring relevant variables, and constructing multiple linear regression models for analysis. Through correlation analysis, regression analysis, and robustness testing, the relationship between debt financing and corporate investment and financing decisions was revealed. The research results indicate that debt financing has a significant impact on the investment scale, investment direction, financing structure, and financing cost of listed companies. This study provides theoretical support and practical reference for listed companies to optimize investment and financing decisions and arrange debt financing reasonably.

Wang Lvlin. Research on the Impact of Debt Financing on Investment and Financing Behavior Decisions of Listed Enterprises. Academic Journal of Business & Management(2025), Vol. 7, Issue 3: 184-189. https://doi.org/10.25236/AJBM.2025.070325.

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