国外资本结构代理成本理论综述

Summery on the Agency Cost Theory of Foreign Capital Structure

企业不同的融资方式形成不同的利益格局,不同的利益格局势必导致不同的利益冲突,不同的利益冲突导 致了不同的融资方式的代理成本。围绕着融资方式的代理成本的研究形成了蔚为壮观的现代资本结构的代理成本理论。

The different financing method that enterprise used formed different beneficial structure, and the different beneficial structure would result in the beneficial conflict. What＇s more, different beneficial conflict determined the agency cost of different financing structure. The research focuses on agent costs of financing structure developed into modem agency cost theory of capital structure.