外文翻译--选着债务或股权融资的相关因素分析.docVIP

（2011届） 本科毕业设计（论文） 外文翻译 原文： Debt or Equity Financing? Analyzing Relevant Factors Choosing between debt and equity financial instruments often creates a dilemma for clients seeking capital. Financing is generally required when a business is beginning operations, expanding, or suffering from an economic downturn. Advising clients on the potential tax implications of using a purely debt or equity financial instrument is generally straightforwardThe blood of the enterprise funds, only the normal flow of funds to meet business needs, effective allocation of factors of production to the enterprises to create profits for shareholders, create value for society. Can be said that the enterprise development process is time and time again, finance - investment - refinancing process. Over the past year, a number of promulgation of new laws and regulations, in order to provide a number of corporate finance in new ways or new specifications. These laws and regulations include: Company Law, Securities Law, Short-term Financing Bills, the Pilot Securitization of Credit Assets management, Investment Fund on matters related to asset-backed securities notice, the first second public offering of shares and listing management approach and so on. Some of the provisions and financing of new enterprises are not as familiar. For businesses, how to choose the mode of financing, how to grasp the conditions of various financing methods, cost and risk, are business financing needs prior to careful analysis and study. Debt financing is divided into two categories financing and equity financing. Mainly refers to debt financing from external borrowing, debt service obligations on time commitment, including bank loans, trust schemes, short-term financing bonds, corporate bonds, convertible bonds, asset-backed securities. Mainly refers to equity financing through public offerings or private way to increase capital, to finance, without debt service, but the need to allocate b