【摘要】 负债资本受财务杠杆作用 ,既可能带来财务杠杆收益 ,又可能发生财务杠杆损失。企业负债过少会失去由此带来的收益 ,过多会带来更大的财务风险。因此 ,企业负债使用量客观上存在一个合理度。最佳负债结构是指使用负债带来的收益最大、财务风险最小的负债比例。本文根据影响负债效应的因素分析 ,建立了独特的最佳水平模型 ,并以实例论证可行且准确 ,可供资本结构决策的研究、应用参考。更多还原

【Abstract】 Because of the Financial Lever,the liability could bring along both Financial Lever Income and Financial Lever Loss Too low liability level will lose the income of it,but too high will be more risky Objectively,there must be and optimal point,the best liability structure is the liability level that keeps a highest income and least risk This article establishes a model of optimal financial level with the analysis of factors related to liability effect,furthermore,it demonstrates the feasibility and accuracy Its referential for the research and application of Capital Structure更多还原