西方厂商资本结构理论综述与评析

A Comprehensive Study for the Capital Structure Theories

文章从厂商资本结构的MM定理谈起 ,主要对目前西方广为流行的三种主要资本结构理论进行了综合评述。这三种资本结构论点的理论基础分别是 :激励机制理论、信号传递理论和控制权理论。笔者希望通过综述 ,使学界对厂商的资本结构理论有一个系统的认识 ,以资对加入WTO后我国产业资本结构的发展有所借鉴。

this essay mainly focuses on the discussion of three popular western capital structure theories and they respectively are incentive theory,signaling theory and control right theory At present,especially after China's WTO entry,it's meaningful for the development of industrial capital structure in China