国外公司债务期限结构研究综述

The Summary of the Research on the Debt Maturity Structure of Companies in Foreign Countries

2008年全球金融危机后,短期债务被认为是促发和加深危机的因素之一。研究公司的债务期限结构重新成为热门话题。为什么公司间的债务期限结构存在差异,什么是最优的债务期限结构?我国在该领域的理论研究仍处于相对缺乏阶段。本文试图给出这方面的关系研究的一个历史脉络,以期为将来的研究提供参考,同时为公司融资政策提供相关建议。

After the global financial crisis in 2008, short-term debt has been considered as one of the factors that urged and deepened the financial crisis. Research on corporate debt maturity structure is becoming the hot topic again. Why there is the difference among corporate debt maturity structures and what is the optimal debt maturity structure? The theoretical research on the field is relatively rare in China until now. The paper tries to present a historical stream of relevant investigations, aiming to provide some reference for future study, and gives some advice on the corporate financing policies.