财务困境成本:基于利益相关者的理论视角

Financial distress costs:based on the view of the stakeholders' theory

从相关利益者角度对财务困境成本的研究文献进行了综述,并给出了经验证据,认为财务困境成本是指在财务困境期间内企业给相关利益者所造成的损失之和,财务困境成本可以分为股东承担的财务困境成本、债权人承担的财务困境成本以及其他相关利益者承担的财务困境成本,同时认为财务困境成本理论在我国有着广阔的发展前景。

Nowadays most people focus on the financial distress costs. To pull the development of the theory of financial distress costs, by reviewing financial distress costs borne by the stakeholders and giving empirical evidence we think that financial distress costs refer to the sum of stakeholders＇ costs caused by the enterprise during the financial distress period Financial distress costs may be classified into three subcategories：real costs borne directly by shareholders,real costs borne directly by the claimants and real costs borne by parties other than shareholders and claimants. The theory of financial distress costs has wide prospect in our country