对企业资本构的研究.doc

对企业资本结构的研究 [摘 要] [关键词]  Research on the capital structure of enterprises Abstract：At present, along with our country modern enterprise system and capitalist development, the capital structure of Chinas most enterprises has been gradually moving toward a rational and scientific, as in the markets competitiveness and survival ability to effectively improve enterprise plays an important role in. However, in the actual business activities, the capital structure still exists some problems, which restricts the long-term development of the enterprises. Especially after our country joins WTO, global economic integration has become an inevitable trend of world economic development, an enterprise in its capital structure aspects of development, a direct impact on the enterprise investment international investors, has a certain effect but also the long-term development of the enterprise competitiveness and enterprise in the international market the. And like spring food Limited by Share Ltd this kind of small and medium enterprises, to develop long-term, healthy, in the actual business activities in the capital structure, we must take effective measures to improve enterprise, so as to bring economic benefit more for the development of enterprises. Keywords：Chunhui food Limited by Share Ltd; capital structure; structure adjustment 目 录 一、绪论 1 1．研究目的与意义 1 2．国内外研究现状 1 二、企业资本结构概述 2 1．企业资本结构的概念 2 2．企业资本结构的特征 3 3．企业资本结构的构成 3 三、春晖食品股份有限公司资本结构的概述 3 1．春晖食品股份有限公司财务状况分析 4 2．春晖食品股份有限公司偿债能力比率分析 4 3．春晖食品股份有限公司盈利能力分析 4 四、春晖食品股份有限公司资本结构存在的问题 4 1．资产负债率偏低 5 2．负债结构不合理 5 3．股权过度融资 5 4．资本结构调整弹性小 5 5．春晖食品财务分析报表 5 五、完善春晖食品股份有限公司资本结构对策 5 1．调整春晖食品股份有限公司的负债结构 6 2．充分发挥财务杠杆效益 6 3．强化债务融资的“硬约束”机制 6 4．降低公司的加权资金成本 6 5．增强和优化政策监管 7 六、结论 7 主要参考文献 8 致谢 9 对企业资本结构的研究 近年来，随着我国社会经济的不断发展，对企业在资本结构方面的问题引起了财务领域研究人士的广泛关注。相关的权衡理论就认为，企业的负债不仅可以为各企业的发展带来税盾收益，而且也会给各企业带来破产成本等相关的负债成本。因此，在企业实际的经营活动中，要想进行有效的融资，就必须在企业的负债收益以及由此而带来的财务成本两者之间选择最佳点，也就是企业的目标资本的结构，从而致使企业能够在自身的目标资本的结构基础之上进行必要的资本结构的速度调整，最终使企业逐渐朝着更加健康的