利益冲突·债务融资·资本结构:一个综述

Conflict of Interest·Debt Financing·Capital Structure:A Review

本文通过文献梳理厘清了不存在利益冲突时,企业与债权人利益最大化的决策问题;在利益最大化条件下债务融资决策与资本结构的关系;在利益冲突条件下,债务融资决策对资本结构的影响等三个问题。通过文献回顾和综述提出对未来研究的展望,以期通过相关内容的探讨和研究,为解决公司融资问题提供新的视角和思路。

This paper clarifies three aspects,through the sorting out of the documents,the decision issue of the benefit maximization of the enterprises and creditors when benefit conflict does not exist,the relation between debt financing decision and capital structure under the condition of benefit maximization and the influence of debt financing decision on capital structure under the condition of benefit conflict.By retrospection and review of the literatures,finally,this paper prospects future research in order to provide new angle and ideas for solving the problem in company financing through the discussion and research on the related contents.