财务管理专业 资本结构构建及其效果研究

资本结构构建及其效果研究摘 要得益于全面协调和可持续发展的社会经济发展，中国经济体制不仅促进了经济发展的转变，也对资本结构的构建和完善也有了较完善且崭新的要求。资本结构管理是公司财务管理的一个重要管理方面，其影响和决定了企业财务管理的治理机构，进而影响并决定企业行为特征及价值，它不仅仅是一个简单的管理模式。资本架构管理会通过一个更具体的方式介绍公司的资产、资本的区别和其风险性。它代表着企业资本总额中各种资本的构成及其比例关系，是企业一定时期筹资组合的结果。筹资环境的最佳优化程度与企业资本结构的最佳优化程度是一致的，企业的资本结构的优化成都对筹资组合有着消极效果，对经济市场也有着非常深远的影响。二者之间存在着相互影响，又相互制约的关联关系。本文从分析资本结构构建及其效果出发，研究企业的资本结构理论和企业筹资组合等相关理论。通过调整企业成本，分析企业结构的优缺点，评价资本结构完整性的意义。关键词：资本结构优化；筹资环境；筹资组合Research on Capital Structure Construction and Its EffectAbstractBenefiting from the socio-economic development of comprehensive coordination and sustainable development, China's economic system has not only promoted the transformation of economic development, but also has relatively complete and brand-new requirements for the construction and improvement of the capital structure. Capital structure management is an important management aspect of a company's financial management. It affects and determines the governance organization of an enterprise's financial management, and then influences and determines the characteristics and values of corporate behavior. It is not just a simple management model. Capital structure management will introduce the company's assets, capital differences and their risks in a more specific way. It represents the composition of various types of capital in the total capital of an enterprise and its proportional relationship, and is the result of an enterprise's fundraising portfol...