负债融资是市场经济条件下企业筹集资金的必然选择。但是这种筹资方式,在给企业带来巨大效用的同时,也会带来一些潜在的风险。一般认为,企业只有在最佳的资本结构下,才会实现其价值的最大化。本文从财务的角度出发,对负债融资的正负效应进行分析,以期对企业最佳资本结构的确定有所启示。
【Key words】 capital structure; strategic management; liability financing; improvement of capital structure;
基于1个网页-相关网页
短期负债作长期再融资 short-term debt refinancing
In the third part, the debt financing strategy has been studied.
第三部分研究的是负债融资战略,研究的内容不仅涉及到负债自身的构成,也涉及到了负债和股东权益的构成关系。
参考来源 - 企业资本结构战略管理This paper examines the impact of debt finance over the enterprise investment behavior using the real option method under stockholder-bondholder conflicts and debt constraint on the investment trigger.
采用实物期权方法,研究了股东债权人代理冲突下负债融资对企业投资行为的影响,并进一步分析了负债融资约束下的投资决策问题。
参考来源 - 负债融资、代理冲突与企业投资决策研究·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.
两者持有的公司债一类的金融资产虽都已蒙受损失,但保险公司负债的性质应当可助他们渡过短期波动。
Both hold financial assets, like corporate debt, that have incurred losses, but the nature of insurers' liabilities should allow them to ride out short-term volatility.
去年,当贷方拒绝为支撑这些工具的短期票据再融资时,银行不得不把这些资产记入资产负债表,从而改变他们的资本比率。
When lenders last year refused to refinance the short-term paper that funded the vehicles, Banks had to take the assets onto their balance sheets, straining their capital ratios.
应用推荐