利用财务杠杆优化企业资本结构VIP免费

利用财务杠杆优化企业资本结构摘要：在经济全球化的大背景下，我国企业的融资体制也随之发生变化，传统的融资形式是单一化的，现今已经逐步从传统的单一化逐步走向多元化的发展。任何一个企业特别是现代企业，其生存、创建和发展都离不开资本，而资本的来源主要依靠两种方式，一是投资人投入的股权资金，二是对外筹集的债务资金。一定意义上来说，资本结构对一个企业的生存和发展都产生着重要的影响。现阶段而言，随着我国企业筹资方式向多元化发展的方向这一形势下，在调整和优化资本结构的过程中，很容易产生偏差。本文从财务杠杆的原理和效应分析入手，探讨如何利用财务杠杆原理优化企业资本结构，并针对优化过程中产生的问题提出几点思考和建议。关键词：财务杠杆；效应分析；资本结构；存在问题；思考建议UseoffinancialleveragetooptimizethecapitalstructureAbstract:Thebackdropofeconomicglobalization,China'senterprisesandfinancingsystemsalsowillchangethetraditionalformsoffinancingisthesingle,havenowgraduallygraduallydiversifiedfromthetraditionalsingle.Anybusiness,especiallyamodernenterpriseofitsexistence,thecreationanddevelopmentareinseparablefromthecapital,themainsourceofcapitaltorelyontwoways,First,theinvestorsputintoequityfunds,thesecondisexternaltoraisedebtcapital.Acertainsense,thesurvivalanddevelopmentofthecapitalstructureofanenterpriseproducingasignificantimpact.Atthemoment,Withthissituation,underthedirectionoftheenterprisefinancinginChinatodiversify,adjustandoptimizethecapitalstructureoftheprocess,itispronetobias.Startingfromtheprinciplesandeffectsoffinancialleverage,toinvestigatetheproblemofhowtousefinancialleveragetooptimizethecapitalstructure,andfortheoptimizationprocessforReflectionsandrecommendations.Keywords:Financialleverage;effectanalysis;capitalstructure;problems;thinkingrecommendI目次摘要..................................................................................................................................................1目次..................................................................................................................................................21.引言..........................................................................................................................................12.财务杠杆原理论述......................................................................................................................12.1财务杠杆原理....................................................................................................................12.2财务杠杆产生作用的根源................................................................................................12.3财务杠杆负作用的体现....................................................................................................23.财务杠杆效应分析......................................................................................................................23.1财务杠杆的正效应............................................................................................................23.2财务杠杆负效应................................................................................................................34.利用财务杠杆优化企业资本结构分析.......................................................................................34.1资本结构优化的理论依据................................................................................................34.2通过建立自有资本收益率模型，分析需求最佳债务比率........