资本结构中负债资本的应用与评价

The Assessment and Application of the Liability Capital in the Capital Structure

对资本结构中负债资本的收益优势和风险进行了分析。虽然负债资本较权益资本而言 ,风险较大 ;但在一定的条件下 ,负债的节税功能和“杠杆作用”是显而易见的。所以好的经营管理模式 ,应该适度负债经营 。

A profit and risk analysis is made on the liability capital in the capital structure. In spite of high risk, liability capital has the obvious benefits of tax cutting and financial leveraging under certain conditions. Therefore, a good enterprise management involves some debt to increase its capital returns.