企业资本结构的改进:每股EVA无差别点

The Improvement Corporate Capital Structure:Economic Value Added Per Share

资本结构涉及到企业负债与权益,因此企业必须权衡财务风险公司资本结构是否合理,进而确定最优资本结构。在分析“每股收益无差别点”法缺陷的基础上,提出了“每股EVA无差别点”法,运用实例分析论证了该方法的优越性。

Capital structure is connected with the debt and profit of an enterprise.So the enterprise need maitain the rational capital structure against financial risks.T his reguires it to optimize the capital struture.On the basis of the limitations of EBIT-EPS, this p aper puts forward Economic Value Added per Share,then analyzes the advantage o f this method by exemples in order to improve the capital structure.