To some extent, the efficiency of corporate governance is determined by the choice of capital structure.
资本结构的选择在很大程度上决定着公司治理效率的高低。
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.
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。
Human resources is the important right body in the contract relation, with the improvement of its relative importance in capital structure, it is natural choice to participate the residual distribute.
从人力资本角度看，人力资本作为企业契约关系中重要的产权主体，随着其在资本构成中相对重要性的提高，参与剩余分配是必然的选择。
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