公司债务期限结构研究综述

Research Overview of Corporate Debt Maturity Structure

债务期限结构是指短期债务和长期债务在企业债务融资中所占的比例,它与公司治理、公司价值的关系密切。文章对债务期限结构的理论与实证研究现状进行了阐述,指出现有研究的不足及今后的研究方向,以期为深入研究债务期限结构与公司治理的关系、实现企业的最优债务融资结构提供思路。

Debt maturity structure refers to the proportion of the short-term debt and long-term debt in the enterprise debt financing, which is closely related to the corporate governance and corporate values. The theories of debt maturity structure and the current status of empirical researches are discussed, then the existing shortcomings of the current researches and future research direction are pointed out, in the hope of providing a view of in-depth researches into the relationships between debt maturity structure and corporate governance, thus realizing the achieve the optimal debt financing structure of companies.