目标资本结构是指更加接近最优资本结构的资本结构。目标资本结构是达到企业价值最大化时的负债价值与权益价值之比。
实证结果表明，实际资本结构与目标资本结构的差距、企业规模对调整速率具有显著的影响。
The findings are that the gap between the firm's actual and its target debt ratios and firm size have remarkable effect on the adjustment speed.
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.
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