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资本结构体现财务控制权在股权和债权之间的分配,股权结构的财务控制权直接受股东所持股份比例的多少、股权的集中度和股票权限的影响;债权结构的财务控制权手段主要有限制性贷款、人事参与和相机控制三种形式。论文阐述了资本结构对财务控制权的影响,分析了上市公司资本结构与财务控制权存在的问题,最后从增加债务资本比重、优化股权结构和债权结构等方面来完善上市公司的资本结构、实现财务控制权的优化配置。
The capital structure embodies the distribution of financial control right between the equity and the claims. The financial control of the equity structure is directly affected by the proportion of the shares held by the shareholders, the concentration of the equity and the influence of the stock rights. The means of financial control of the creditor’s rights structure are mainly limited Sex loans, personnel involvement and camera control in three forms. The paper expounds the impact of capital structure on financial control, analyzes the problems existing in the capital structure and financial control of listed companies, and finally improves the capital structure of listed companies from the aspects of increasing the proportion of debt capital, optimizing equity structure and debt structure, Optimized allocation of financial control.