摘要
在具有高技术、高知识含量的知识型服务企业的筹融资决策中,以物质和实物产品资本为导向的资本结构理论很难解释现代知识型服务企业的融资行为。知识型服务企业具有高风险、高技术含量、高收入和高回报的特征,在不同成长阶段,其融资结构均呈现股权融资偏好。优化知识型服务企业资本结构应加强企业资本结构的风险控制,不断完善和创新金融产品工具,建立健全中国的企业债券市场并规范与健全金融市场体制。
The capital structure theory based on visible physical goods-oriented is difficult to explain investment and financing actions of the Knowledge Intensive Business Service(KIBS).The characteristics of the KIBS are high-risk,high-tech,high-incomes and high-returns.In the different stages of KIBS growth,the KIBS showed preference for the financing of the stock right.In order to optimize the capital structure of KIBS,the enterprises should be strengthened the risk control of the capital structure,the government...
出处
《湖北工业大学学报》
2008年第6期63-64,73,共3页
Journal of Hubei University of Technology
关键词
知识型服务企业
资本结构
优化
knowledge intensive business service
capital structure
optimization
