资本结构与债权人利益保护分析.pdfVIP

毕业论文范文模板 资本结构与债权人利益保护分析 毕业论文范文模板 摘要 我国的资本市场从无到有，发展非常迅速。资本市场的飞速发展为企业提 供了更加多样化的融资方式，上市公司在资本市场上直接融资的力度大大增强。 融资方式的变化改变了上市公司的融资成本,使上市公司资本结构发生了重大变 化。我国上市公司资本结构的一个突出特点就是偏好股权资本，而内源融资和 债权融资的比重偏低，这一现象有悖于经典的资本结构理论。 债权人利益的保护程度对于一国资本市场和企业的发展具有重要意义。由 于负债契约的不完备性使得企业经营管理者和股东可通过阻碍企业控制权转移 来形成对债权人利益的侵害,实施负债契约相机治理机制可实现对债权人利益的 保护。 本文主要对资本结构、融资方式、资本成本、债权人利益等基本概念作出 界定和说明。并提出了优化我国公司资本结构及债权人利益的意见及建议。 关键词：资本结构 债权人利益保护 董事权益 I 毕业论文范文模板 Abstract Chinas capital market, develop very quickly. The rapid development of capital markets to provide a more diverse ways of financing for the enterprise, the listing Corporation of direct financing in the capital markets strength greatly enhanced. Financing variation changed the listing Corporation financing cost, the listing Corporation capital structure has undergone major changes. One of the prominent characteristics of capital structure of Chinas listing Corporation is preference to equity capital, while the internal financing and debt financing proportion is on the low side, against the classical theory of the capital structure of this phenomenon. The degree of protection of the interests of creditors is important for a countrys capital market and enterprise development. As the liabilities of the contract is not complete, business managers and shareholders can be hindered by the corporate control right transfer to the formation of the creditors interests, the implementation of debt contract governance mechanism can realize the protection of the interests of creditors. In this paper, to the definition and de