摘要
本文的模型将资本结构理论和长短期债务期限结构理论进行结合 ,从理论上分析企业如何优化其负债。它解释了行业因素、获利能力、企业规模、资产担保价值等与企业负债融资之间的关系 ,在使用美国 2 5个行业的数据验证其有效性时 ,也得到较为满意的效果。
The mode in this paper combines structure theory of capital and structure theory of short-and-long-term liabilities maturities to analyze how firms optimize their liabilities in the theoretic dimension. The paper also explains the relations between debt financing of firms and industrial factors, profitability, scale of firms, and assured value of assets. It concludes a satisfactory result with validity by the data from 25 industries of United States. This mode has a more scientific explanation on the liabilities status of firms in the real economic world.
出处
《财经科学》
CSSCI
北大核心
2003年第1期102-105,共4页
Finance & Economics
关键词
企业负债
资本结构
债务总量
债务期限
Optimum Liabilities) (Total Liabilities) (Liabilities Maturity)
