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根据效益性原则,企业在筹集资金时需要比较投资收益与筹资的成本。这就要求企业权衡各种筹资方式的利弊,寻找资金成本最低的方式,进而选出最优资本结构,从而做出正确的融资决策。通过对最优资本结构决策的评价方法对比分析,指出公司价值最大化是最佳方法。从最优资本结构的含义入手,结合案例探讨如何通过优化企业资本结构提升企业价值。
According to the principle of profitability, enterprises need to compare the investment income and the cost of fund-raising when raising funds. This requires enterprises to weigh the advantages and disadvantages of various ways of financing, find the lowest cost of capital, and then select the optimal capital structure, so as to make the right financing decisions. Through the comparative analysis of the evaluation methods of the optimal capital structure decision-making, it is pointed out that the maximization of company value is the best method. Starting with the meaning of the optimal capital structure, this paper discusses how to improve the enterprise value by optimizing the structure of the enterprise’s capital.