摘要
负债融资是一把双刃剑,它既可以满足企业对资金的需求,给企业带来利益,也会给企业带来财务风险,使企业遭受财务损失。首先,本文介绍了负债融资中财务杠杆效应的相关理论,并对财务杠杆效应进行了数理分析,说明了财务杠杆效应的表现形式。其次,结合案例分析了财务杠杆效应是如何在负债经营中发挥作用的。最后得出了本文的研究结论。
Debt financing is a double-edged sword.On the one hand,it can generate revenue by satisfying the demand of capital.Debt financing also enables enterprises to suffer financial loss with the financial risk too.In this paper,we first analyze some related theories of financial lever,the mechanism of the financial leverage and introduce financial leverage effect.Then we explain the financial leverage effect with combining the case.Finally,we point out how to enable enterprises to achieve the best economic benefits under the debt management by using the financial leverage.
关键词
负债融资
财务杠杆
财务杠杆效应
Debt financing
Financial leverage
Financial leverage effect
