企业债务期限结构是现代企业资本结构理论的一个重要组成部分。
Debt maturity structure is an important part to compose theory of firm capital structure.
自从MM不相关定理诞生以来，企业资本结构理论引起了经济学界的广泛关注。
Since the birth of MM irrelevance theorem, the economic circles have been paying intensive attention to the theory of capital structure in enterprises.
自从MM不相关理论诞生以来，企业资本结构理论引起了经济学界的广泛关注。
Since the birth of MM irrelevance theory, the economic circles have been paying intensive attention to the theory of capital structure in enterprises.
企业资本结构理论研究的是，企业应该如何确定其自有资本、股权资本和债务资本的比例，才能使企业的市场价值最大化。
The theory of corporate capital structure deals with the determination of the ratio among equity capital, stock and debt to maximize corporate market value.
资本结构理论是研究在实现企业价值最大化的目标下，企业资本结构中债务资本与权益资本的比例如何确定的理论。
Theory on capital structure is the theory on how to define ratios of debt capital and equity capital of enterprise capital structure under the target of realizing maximization of enterprise value.
论文介绍了国内外主流的资本结构理论，并对我国上市企业的资本结构情况进行了分析。
The thesis introduces domestic and foreign main capital structure theory and analyzes capital structure condition of the listed enterprises in our country.
自从MM定理诞生以来，企业的资本结构理论一直是经济学界关注的焦点之一。
The theory of corporate capital structure has been in focus by economic circles since MM theorem was born.
然而，国内学者的研究却发现我国企业的资本结构有违资本结构理论框架。
However, domestic scholars have discovered that the capital structure of our country contravened the theory frame of capital structure.
自1950年MM资本结构理论提出以来，“现金流量”与“企业价值”便成为现代财务理论的基本的、核心的概念。
Cash discharge and enterprise cost have become basic and core concepts since MM capital structure theory was presented in the 1950s.
现代资本结构理论的主要缺陷是无法很好的解释许多企业在税收利益很大、破产成本很小的情况下，仍然保持很低的负债水平。
The major flaw of modern capital structure theory is that it cannot explain very well many enterprises remain low debt levels when tax benefits is large and bankruptcy costs is small.
国外的理论和实证研究表明增长机会是影响企业资本结构的一个重要因素。
The abroad theoretical and empirical studies indicate that growth opportunity plays an important role in capital structure.
根据财务危机成本的资本结构理论，当负债达到一定比例后，由于财务风险的增加，负债对企业价值产生负效应。
According to the capital structure theory of financial bankruptcy cost, the debts bring out negative efficiency when debts come to a certain ratio since the financial bankruptcy increases.
资本结构理论主要研究企业财务管理中的筹资政策和筹资决策。
The study of capital structure are chiefly on the financial policy and financial decision.
通过分析现代资本结构理论，得到了负债经营可为电力企业带来避税效应和财务杠杆利益的启示。
The inspiration from the theory of modern capital structure is that indebtedness can bring tax avoidance and income from financial leverage to electric enterprises.
资本结构理论能够解释某一个国家企业资本结构形成机制却不能解释另一个国家的企业资本结构。
How come Western capital structure Theory that can account for enterprises' capital structure of one country can not do so of another country?
现代资本结构理论认为，通过资本结构的合理安排可以降低资本成本提升企业价值。
Modern capital structure theory thinks that the reasonable arrangement of capital structure can decrease capital cost and increase enterprise value.
企业资本结构问题是当代经济学的一个前沿理论问题，也是现代企业经营管理的重要课题。
The capital structure issue is the frontier theory of contemporary economics and also one of important topic for management in modern enterprises.
在总结资本结构相关理论的基础上，探讨金融工程对企业资本结构决策的影响。
After reviewing the capital structure theories briefly, the paper researches the impact of financial engineering on corporate capital structure.
以现代企业理论和人力资本理论为基础的股权激励，有助于完善公司治理结构。
Equity motivation on the basis of theories on modern enterprise and human resource is helpful to improve companies in regulating their structures.
企业的资本结构选择与企业市场价值相关，市场择机理论系统地阐述了二者之间的关系。
Capital structure is related to firm market value, and the relation between capital structure and firm value is systematically discussed by the theory of time marketing.
接着概述现代企业资本结构的相关理论模型，包括MM理论、权衡理论、信息不对称理论等。
Then present an overview of the modern enterprise capital structure theory models, including the MM theory, the trade-off theory, asymmetric information theory.
债务战略效应将产业组织理论与公司金融理论结合起来，研究了企业资本结构与产品市场竞争之间的关系。
The debt strategic effect, which links the industrial organization theory and the corporate financial theory, researched the relationship between the capital structure and product market competition.
按照现代资本结构理论，企业资本结构的选择影响企业资本的使用效率，最终影响企业的价值。
According to the modern capital structure theory, the choice of capital structure influences corporate capital efficiency which will ultimately affect the value of the enterprise.
资本结构理论在解释某一个历史时期的企业资本结构时却不能解释另一个历史时期的企业资本结构。以至于不得不寻找新的内在动因和理论依据？
How come Western capital structure Theory that can account for enterprise's capital structure in one period can not do so in another period, and thus new theories are required?
但实际上，在企业发行的债务中，债务结构特征存在较大差异，并且相对于资本结构的理论研究成果而言，其研究尚且不够成熟。
In fact, enterprises debts are different in their debt financing structure, and according to the theory of capital structure, the research on debt financing structure is immature.
但实际上，在企业发行的债务中，债务结构特征存在较大差异，并且相对于资本结构的理论研究成果而言，其研究尚且不够成熟。
In fact, enterprises debts are different in their debt financing structure, and according to the theory of capital structure, the research on debt financing structure is immature.
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