债转股作为一种资本经营方式,在国内早有实践,当前这一现象在企业中普遍存在,同时也越来越受各方关注。本文从债权人和债务人两个不同的主体入手,对它们的动机进行分析,从而为它们在债转股过程中所应采取的财务策略提供一些可供参考的建议。从理论角度讲,债转股是指债权人对其 Debt-to-equity swaps as a mode of capital management have long been practiced in the country. At present, this phenomenon is widespread in the enterprises and is getting more and more attention from all parties. This article starts with two different subjects of creditor and debtor and analyzes their motives, so as to provide some suggestions for the financial strategies they should take during the process of debt-equity swap. From a theoretical point of view, debt to equity refers to the creditors to it