然而，这个目标本身就需要在债务层建立一个更昂贵的资本结构，以确保紧急情况下这些债务可以转变为可用资金。所以，要达到这一目标，还需要很长的路要走。
But that goal would itself involve a more expensive capital structure in the form of a layer of debt that can turn into equity in an emergency; it is in any case a long way from being reached.
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.
和我们论文相似，他们论文的焦点也是员工股票选择权的税收优惠对资本结构和债务政策的影响。
Like ours, the focus of their paper is on the impact of the tax benefits of employee stock options on capital structure and debt policy.
再者，债务期限结构的匹配模型，使得企业管理者将债务的期限结构保持在科学合理的状态，从而实现资本结构的优化。
Third, the matching model of debts maturity structure enables business managers to keep the structure at a reasonable level so as to optimize capital structure.
一般意义上的资本结构就是指债务资本和权益资本(自有资本)的比例关系。
In general sense's capital structure is refers to the debt capital and the rights and interests capital (own capital) the proportional relationship.
该文给出了在结构方法中基于公司资产、债务和资本结构等状态变量的一个风险中性违约概率计算表达式；
This paper provides an expression for calculating risk-neutral default probability, which (is based) on state variables of a firm's assets, liabilities and capital structure in a structural approach.
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.
根据资本结构理论，适当的债务比例可以有效的提高公司价值。
According to the capital structure theory, reasonable debt financing can effectively increase the company value.
但由于债务本身亦存在代理成本，因此，企业资本结构决策必须在股权代理成本与债务代理成本之间做出权衡。
For debt also has agency cost, an enterprise has to weigh between equity agency cost and debt agency cost when making capital structure decision.
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.
企业的债务结构是企业资本结构中的一项重要内容。
The firm's debt maturity structure is the important part of capital structure.
财务杠杆计量的是资本结构中债务资本所长的比重。
Financial gearing is a measure of the extent to which debt is used in the capital structure.
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.
西方私有化的金融体系出现了结构性瓦解——他们将资本转化为数以百兆计债务，过度的财务杠杆制造了巨大的泡沫，这些泡沫必然破裂。
The private Western financial system is structurally broken. The extraordinary leveraging of capital, into hundreds of trillions of debt, created a bubble that had to burst.
应用资本结构政策理论所构建的债务政策模型，可以对我国上市公司债务政策进行有效的量化评价。
This paper argues that a debt policy model based on the theory of capital structure policy can effectively generate quantitative evaluations of the debt policies of Chinese listed companies.
企业最优资本结构是指使企业平均资本成本最低且企业价值最大的债务资本和权益资本的比例关系。
The optimum capital structure is the ratio of long-term liabilities to equities when the average cost of capital is lowest and the value of enterprise is max.
在此基础上，本文指出产品市场结构状况与资本结构之间存在着联系，拓展了债务战略效应。
On the basis, it points out the links between the produce market structure condition and the capital structure, and expands debt strategic effect theory.
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.
应用推荐