| 资本结构动态调整研究综述 |
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| 引用本文： | 黄辉.资本结构动态调整研究综述[J].当代财经,2009(1). |
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| 作者姓名： | 黄辉 |
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| 作者单位： | 重庆工商大学会计学院,重庆,400067
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| 摘 要： | 目前,很多学者纷纷采用动态资本结构模型,来证实资本结构具有动态调整的特性.资本结构动态调整理论认为公司并不是在任何时候都处于最优资本结构状态,随机事件的发生和调整成本的存在使得企业的实际资本结构偏离了其目标资本结构.企业在不断地向目标资本结构进行部分调整,且调整速度与企业规模、盈利能力等企业特征变量,与资本市场类型等宏观经济变量和企业偏离目标资本结构的程度等有关.
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| 关 键 词： | 目标资本结构 动态模型 调整速度 调整成本 |
The Dynamic Adjustment of Capital Structure: An Overview |
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| HUANG Hui.The Dynamic Adjustment of Capital Structure: An Overview[J].Contemporary Finance & Economics,2009(1). |
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| Authors: | HUANG Hui |
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| Institution: | Chongqing Technology and Business University;Chongqing 400067;China |
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| Abstract: | At present, many financial scholars adopt the dynamic capital s tructure model to validate the characteristics of dynamic adjustment in capital structure. The theory of dynamic adjustment of capital structure believes that the companies are not always in a state with an optimal capital structure. The occurring of random events and the existence of cost adjustment make the actual capital structures of the enterprises deviate from their target capital structures. Enterprises are continually adjusting their ca... |
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| Keywords: | target capital structure dynamic model adjustment speed adjustment cost |
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