摘要
目前,中国上市公司的资本结构的现状呈现负债偏低、股权比例偏高的特征。形成这一特征的原因有外生性的,也有内生性的。由于资本结构的不合理,使得中国上市企业资本结构的效应较差,没有发挥应有的作用。优化中国上市公司的资本结构,应从扩大债务融资比重、规范和发展债券市场、构建风险退出机制、完善财务治理机制等方面入手。
At present,the capital structure of the quoted companies in China is in a character of low debts and high stock right.The reason for this is caused internally and externally also.The poor effectiveness of the capital structure of our quoted companies is caused by the unreasonable capital structures in China.Perfecting the capital structure of our quoted companies is based on enlarging financial ratio,regulating and cultivating stock markets,building up mechanism of risk evasion,improving the mechanism of financial supervision.
出处
《税务与经济》
CSSCI
北大核心
2004年第6期5-8,共4页
Taxation and Economy
