【摘要】 资本结构是否合理直接影响到公司的经营业绩和长远发展。优化资本结构可以降低资金成本起到节税和财务杠杆作用 ,在通货膨胀时期获得收益 ,还可以降低代理成本并有效缓解内部人控制。建议大力发展我国企业债券市场 ,培育理性的投资者 ,鼓励适当的股份回购 ,强化债权的“相机性控制”并进一步完善审批制度。更多还原

【Abstract】 The operation performance and long-term development of a firm are directly influenced by its capital structure. To optimize the structure can gain more profit even during an inflation period, reduce agency’s cost and alleviate inside people control effectively, as well as can reduce capital cost, save taxes and effect financial leverage. Accordingly, the paper is concluded with some suggestions for optimization of capital structure of Chinese listed companies. Of those suggestions include expanding enterprise bond market, cultivating rational investors, encouraging proper stock repurchasing, strengthening contingent control and improving the system for investigation and approval.更多还原