试用收益最大法分析企业最优负债比例

To Analyze the Superior liability Ratio Through Maximizing the Revenues of Debt Financing

确定企业最优负债比例是企业在进行融资时一项十分重要的决策,文章在分析债务融资成本与收益的基础上,通过使边际收益为零分析出债务融资收益最大化时的负债比例。与通常的资本结构理论分析相比,这种分析更加直观,也具有更强的实用价值。

Deciding the superior liability ratio is a very important decision when an enterprise decide to finance. Based on analyzing the revenues and costs of debt financing, the article deduced the superior liability ratio through maximizing the revenues of debt financing. In comparison with the normal capital structure theories, the analyzing way is plainer and more practical.