市场经济条件下企业重要筹资方式—债券筹资

Under Market Economy Condition,an Important Way of Enterprise Financing-Bonds Financing

论述了在市场经济条件下,资金是企业运行的血液。那么,筹资既是企业"造血"理财的主要功能,又是企业维持正常运转的前提条件,因此,作为经营者,筹资的最终目的是为了追求效益最大化,这也是筹资活动的本质特征。对于企业而言,发行债券所筹集的资金期限较长,资金使用自由,而已购买债券的投资者无权干涉企业的经营决策,现有股东对公司的所有权不变,从这一角度看,发行债券在一定程度上弥补了股票筹资和向银行借款的不足。因此,发行债券是许多企业非常愿意选择的筹资方式。

Discusses under the market economy condition, funds is the blood of the enterprise business. Then, financing is not only the main function of enterprise ＂hematopoiesis＂ financing, but also is the prior condition for the normal operating in enterprise. For operators, the end purpose of financing is to maximizing profit, this is also the essence characteristic of financing. For enterprise, by issuing bonds, financing funds has many advantages ： longer period, funds usage freedom and so on. From this point of view, the bonds make up the shortage of the stock money raising and borrowing funds toward the bank to some extent. Therefore, the issuing bond is money raising method that many enterprises would like to choose very much.