国外旅游企业融资研究:一个文献综述

Research on Foreign Tourism Enterprise Financing: a Literature Review

融资行为是旅游企业财务理论中的核心议题。围绕此议题,本文将近20年来散见于国外核心期刊的学术观点进行回顾与梳理,重点述评了国外旅游企业的债务融资影响因素、股权融资成本测度模型、经营租赁与售后回租模式、资本结构理论与实证观点等方面的研究成果,以期为国内旅游企业攻克融资难、融资贵问题提供思路启示,并为国内旅游企业财务研究的深化奠定基础。

Financing behavior is the core issue in the financial theory of tourism enterprises.Around this issue,this article will retrospect and comb to foreign academic viewpoint of core periodical in recent 20 years,and mainly review the foreign tourism enterprises influence factors of debt financing and measurement model of equity financing cost,operating leases and after-sales leaseback model,capital structure theory and empirical point of view of research results,in order to providing some revelation of tackling a problem of financing difficulties and expensiveness for domestic tourism enterprises,as well as laying a foundation for the deepening financial study of the domestic tourism enterprise.