直接融资理论最新研究进展

A Review of the Latest Research Progress of Direct Financing Theory

促使储蓄转变为社会生产力,使金融体制由间接投融资为主导转变为直接投融资为主导,具有重要意义。通过对最近相关文献进行梳理,阐述了从间接融资为主向直接融资为主转变的必要性;作为直接融资的债务融资、股权融资对于减少金融风险和企业创新的意义以及适用条件以及全球化时代我国的融资模式选择。

It is important to transform savings into social productive forces and change the financial system from indirect financing oriented to direct financing oriented. By reviewing the recent related literature,this paper explained the necessity of the shift from indirect financing oriented to direct financing oriented; manifested the significance and applicable conditions of debt financing and equity financing for reducing financial risk and improving enterprise innovation; discussed what financing patterns China should choose in the era of globalization.