财务杠杆在企业生命周期中的应用探讨

A Study of Financial Leverage Application in Enterprise Lifecycle

财务杠杆反映了资本结构中长期负债的运用对普通股每股收益的影响。本文结合企业生命周期不同阶段的财务特征,动态地提出了适宜采用的筹资策略和财务杠杆运用策略,以期有助于企业合理地规避风险,提高财务管理水平。

Financial leverage reflects the impact of the use of long - term debt in capital structure to earnings per share of common stock. Combined with the financial characteristics of different stages in the enterprise life cycle, this paper dynamically puts forward appropriate financing strategy and financial leverage application strategy, in order to help enterprises evade the risk reasonably and improve the level of financial management.