Optimal capital structure’s decision and the reduction of agency cost have always been the main study of corporate finance theory. Capital structure has usually been defined as a combination of corporate long-term financing instruments.
资本结构的决定、代理成本的降低一直是企业金融理论研究的核心问题之一,资本结构,通常被定义为企业长期融资工具的组合,其理论研究的主要内容是资本结构与企业价值的关系,以及如何降低代理成本,其核心问题是如何确定合适的资本结构,以提高企业价值,增强企业的竞争力。
参考来源 - 机械类上市公司代理成本与资本结构的相关性·2,447,543篇论文数据，部分数据来源于NoteExpress
银行难以出售长期债券的困境持续时间越长，需要再融资的负债就会变得越多。
The longer that banks find it hard to sell longer-term bonds, the bigger the rump of debt that needs to be refinanced will grow.
在股票市场长期繁荣的过去六年里，尤其是在最近两年，数以百万计的人们期待着有朝一日，那些金融资本家被赶出金融市场。
Throughout the long stock boom of the last six and specially the last two years there have been millions of people expecting some day to see the money changers driven out of the American temple.
发行商也正在想办法通过再融资进入真正的长期债券市场，或者向银行申请开立信用证。
Issuers are scrambling to refinance into proper long-term bonds, or asking banks for letters of credit.
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