关于公司特征如何影响资产结构的实证研究外文中英文翻译.doc

关于公司特征如何影响资产结构的实证研究外文翻译 How firm characteristics affect capital structure: an empirical study By Nikolaos Eriotis Introduction The various financing decisions are vital for the financial welfare of the firm. A false decision about the capital structure may lead to financial distress and eventually to bankruptcy. The management of a firm sets its capital structure in a way that firm’s value is imized. However, firms do choose different financial leverage levels in their effort to attain an optimal capital structure. Although theoretical and empirical research suggests that ther