主要讨论了如何确定企业的最佳资本结构。
This article mainly discussed how to decide the best capital structure of enterprise.
其次对企业筹资最佳资本结构的确定方法进行了比较分析。
Secondly, it compared and analyzed the different methods of deciding the best capital structure in the period of financing.
但是，如何确定最佳资本结构仍是财务管理中的一大难题。
This paper interprets the reason of the existence of the best capital structure from theories of financial crisis cost and agency cost.
在企业现有最佳资本结构下进行相应筹资规划，合理确定资本限量。
On the conditions of the optimum capital structure, a series of capital ration is determined rationally.
而抵税收益与破产成本两者相同时，则达到了企业的最佳资本结构点。
When the off-set tax is equal to the cost of bankruptcy, the optimum capital structure point is reached.
附中文翻译由于每个企业都处于不断变化的经营条件和外部经济环境中，使得确定最佳资本结构十分困难。
Since operating conditions and external economical environment are dynamic, it is very difficult for each company to determine its optimal capital structure.
企业在生产经营中，应该运用适当的方法确定最佳资本结构，使企业的平均资本成本最低，企业价值最大。
Enterprise should make sure of the best structure of capital through a suitable measurement, thus to minimize the cost of capital and maximize its business value.
鉴于企业最佳资本结构是一个范围，而非某一个精确数值的事实，企业控制财务风险应着力关注资本结构弹性问题。
Considering that the optimal capital structure is not an exact number but is actually a range, firms should put emphasis on the capital structure elasticity when controlling financial risks.
按照存在破产成本和税收情况下的MM理论分析，只有管理当局确定的资本比率和银行最佳资本结构一致时，资本充足性管制才是完全有效的。
According to MM theory with bankruptcy cost and tax, capital adequacy regulations are fully effective only if the capital ratio stipulated by management and optimal capital structure is consistent.
资本结构的调整与优化，主要是通过负债水平的变动引致资本筹资成本变动，使企业的资本结构最佳。
The regulation and optimization of capital structure is to make the capital structure of enterprises best mainly by changing the capital financing cost via the change of liability level.
一般认为最佳的资本结构应当是可使公司的总价值最高，同时也会使得公司的资本成本也是最低的。
Generally considered, the best capital structure will enable the company to the total value of the highest, lowest cost of capital.
一般认为最佳的资本结构应当是可使公司的总价值最高，同时也会使得公司的资本成本也是最低的。
Generally considered, the best capital structure will enable the company to the total value of the highest, lowest cost of capital.
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