企业债务与产品市场竞争变量作用关系的一个模型

A Model of Interaction between Debt and Competition Variable in Product Market

针对企业如何战略性选择其债务水平的问题,根据产品市场存在不确定性时资本市场与产品市场之间的互动关系,建立了企业债务与产品市场竞争变量的作用关系模型,给出了在某些行业中的企业选择战略债务的方式,这对于企业优化资本结构有重要的参考意义.

In order to solve the problem of companies how to choose the strategic debt level , this paper, establishes the interaction model with variables of debt and competition in product market, based on the relationship between capital market and product market in uncertain condition of product market. Then the paper designs the methods of selecting strategic debt for finns in some industries, which is very important for firm in optimization of capital structure.