摘要
分析研究 Leland( 1 998)于美国芝加哥财务联合会上提出的企业资本结构动态模型 ,结合我国实际从理论上论证该模型在我国运用的可行性 ,并用我国沪深两市冶金行业和信息技术行业部分上市公司数据进行实证研究 .实证结果表明 :该模型对我国企业资本结构的理论研究和实际操作都有一定指导意义 。
The optimal capital structure dynamic model, which Leland (1998) had presented, in the American finance association meeting in Chicago, is specified and studied, the theoretical verify is given to support its application in our country. Then by applying the methodology of the model to examine optimal capital structure properties of our firms' in Shenzhen and Shanghai stock market, we find that the model can provide a general guidance on our practitioners and academics.
出处
《系统工程理论与实践》
EI
CSCD
北大核心
2003年第5期26-30,共5页
Systems Engineering-Theory & Practice
关键词
资本结构优化
动态模型
风险决策
optimal capital structure
dynamic model
risk strategy
