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融资是开创企业也是扩张企业的前提。不同资金来源的组合配置将产生不同的资本结构,并导致不同的资金成本、利益冲突及财务风险,进而影响到企业的效益。通过融资运作使负债和股东权益保持合理比例,形成最优的资本结构,既是股东和债权人的共同目标,也是企业经营、管理者必须认真研究的课题。
Financing is a precondition for starting a business and expanding a business. Different combinations of funding sources will result in different capital structures and lead to different capital costs, conflicts of interest and financial risks, which in turn will affect the efficiency of the enterprise. It is not only the common goal of shareholders and creditors to form the optimal capital structure by maintaining a reasonable ratio of liabilities and shareholders’ equity through financing operation, but also the subject to which managers must seriously study the operation of enterprises.