Discuss the effects on debt governance by all-way circulation and new bankrupt law.
对全流通和新破产法对负债治理机制的影响进行了探讨。
参考来源 - 我国上市公司资本结构与经营绩效相关性的实证研究·2,447,543篇论文数据，部分数据来源于NoteExpress
对全流通和新破产法对负债治理机制的影响进行了探讨。
Discuss the effects on debt governance by all-way circulation and new bankrupt law.
然而，这些结论背后却隐藏着一个非常重要和关键的前提：存在完善和成熟的负债治理机制。
However, there is a very important and determinant precondition hiding behind these conclusions: that is the existence of perfect and mature mechanism of debt financing governance.
流动负债的公司治理效应的恶化更为严重，流动负债的比例过高，应加大长期负债的比例。
The corporate governance effect of floating debt is bad, the rate of floating debt is too high, it should increase rate of long term debt.
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