高负债型资本结构的一般理论分析

General and Theoretical Analysis of Capital Structure in Heavy Debt

高负债型的资本结构是我国目前国有企业深化改革的重要约束因素 ,但如何从理论上来正确地认识 ,以及在实践中来合理地解决这一问题 ,却众说纷纭。从西方财务理论的评价出发 ,对我国国有企业改革的具体实践进行了深入透视和系统分析 。

Capital structure in heavy debt is the crucial binding factor in deepening the present reformation of our state-owned enterprises. About how to properly recognize the problem in theory and solve this problem in practice, opinons vary. Based on assessment of the western financial theory, this artical undergoes perspective and systematical analysis on the concrete practice of our state-owned enterprises'reformation, and believes that the internal mechanism to eliminate the management risk of heavy debt lies in the formation of competitive market subjects.