A rational capital structure is important to reduce agent cost, improve corporation governing efficiency and increase corporation profits.
一个合理的资本结构对降低代理成本、改善公司治理效率、提高公司经营绩效有着重要的作用。
Capital structure is connected with the debt and profit of an enterprise. So the enterprise need maitain the rational capital structure against financial risks.
资本结构涉及到企业负债与权益，因此企业必须权衡财务风险公司资本结构是否合理，进而确定最优资本结构。
Market timing that based on behavioral finance theory give up the Efficient Market Hypothesis and study the capital structure from the investor point of view of non-rational.
基于行为金融的市场择时理论放开了有效市场的假设，从投资者的非理性角度研究公司资本结构，为资本结构的研究提供了一个新的视角。
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