摘要
通过对西方资本结构理论进行研究,结合我国企业实际情况,提出寻求最佳资本结构的标准。在对我国上市公司的资本结构进行实证分析后指出,上市公司资产负债率普遍偏低,没有充分利用财务杠杆效应,进而从优化资本结构的角度,对大力发展企业债券市场提出建议与措施。
A combined study of capital structure analysis and situations in Chinese business firms help produce the standard for the optimization of equity structures. Some empirical study of their capital structures indicate that the capital liability ratio of China's listed companies are generally on the lower, which shows there still is much room for the management to make use of the financial lever. In light of optimizing capital structure, the authors then put forth some suggestions for the development of business bond market.
