论现代企业的负债经营

负债经营已被现代企业普遍采用 ,成为企业重要的经营战略。但企业不能盲目采用这一经营方式 ,因为负债经营的利益与风险并存。合理的举债能为企业带来财务杠杆利益 ,但举债不当 ,将使企业蒙受损失 ,陷入债务危机 ,甚至导致破产。因此 ,企业必须根据自身的经济实力 ,充分权衡利弊 ,确定合理的举债规模 ,利用财务杠杆作用 ,提高权益资本收益率

On Modern Enterprises Management by Borrowing

Running enterprises by borrowing is already used widely by modern enterprises and becomes the important strategy of enterprises' management,but the enterprises should use the strategy blindly because running enterprises by borrowing has both good and risk.Reasonable borrowing can make enterprises get financial leverage good,or make enterprises incur loss,be in debt crisis and even go bankrupt.So the enterprise should reasonably determine debt size according their economic strenghth and weigh the pros and cons,and take advantage of financial leverage to enhance the capital income ratio.