财务杠杆对企业资本结构的影响

企业价值最大化或股东财富最大化作为企业管理的一种理念越来越受到学术界和股东们追捧。不同筹资方式对企业价值最大化产生的影响引起大家广泛的关注,财务杠杆效应倍受青睐。本文通过分析企业财务杠杆效应进而分析不同资本结构情况下企业财务风险的大小,从而得到企业最佳资本结构,达到企业价值最大化的目标。

The Influence of Financial Leverage on Enterprises'Capital Structure

The idea of promotion the maximization of the enterprise value and shareholders＇ wealth is more and more popular with scholars and shareholders.The influence of the different financial methods on the maximization of enterprise value caused great concern.More attention should be paid on financial leverage,through financial leverage and then this paper analyzes the financial risks of enterprise under different capital structure circumstance,therefore obtains the best capital structure,achieves the goal of the maximization of the enterprise value.