论优化资产结构

On Optimization of Assets Structure

企业经营需要配置不同种类的资产,各种资产的比重形成企业的资产结构。不同的资产结构对企业的收益、风险、流动性和弹性的影响不同,企业必须合理配置并有效运用各项资产,才能最大限度地发挥各种资产的功能,提高资产的使用效率和效果,从而最终提高企业的经济效益,实现企业价值最大化。每个企业应权衡风险和报酬、并考虑行业特点、经营规模等因素来选择自己的最优资产结构。实践中有三种典型的资产结构配置策略:保守型、适中型和风险型,各种结构有各自的优势和劣势。最终的选择取决于企业对风险和报酬的态度。

Enterprises management need collocate different kinds of assets, and the proportion of various assets form enterprise＇s assets structure. Different assets structures have different effect on the profit, risk, fluidity and flexibility of the enterprise. The enterprises must Correctly allocate and effectively use various assets so that they can function to the maximum degree, and improve the efficiency and finally increase the economic benefit of enterprises to achieve the maximum enterprises value. Every enterprise should consider risk, profit, industry character and management scale to choose the most suitable assets structure. In practice there are three kinds of typical collocation strategy for assets： conservative style, moderate style and venturesome style. Every structure has its advantage and disadvantage. The final choice is made by the enterprise＇s attitude toward the risk and profit.