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资本结构理论是财务金融领域其中一个最重要也是基本的延伸领域,尽管有若干的研究理论和结果与之有冲突,但不可否认资本结构仍是最为成功的研究领域之一。而资本结构的动态调整模式也是在资本结构理论的基础上发展起来的,其认为企业的最优资产结构并不是固定的股权债务比例,而是一个相对的动态变化范围,企业要根据不同的市场形势来调整其资本结构。为此本文主要研究在市场化发展背景下资本结构的动态调整模式。
Capital structure theory is one of the most important and basic extension fields in finance and financial field. Despite several conflicting research theories and results, it is undeniable that capital structure is still one of the most successful research fields. The dynamic adjustment mode of capital structure is also developed on the basis of the theory of capital structure. In its opinion, the optimal asset structure of an enterprise is not a fixed proportion of equity and debt, but rather a relatively dynamic range. Enterprises should choose according to different markets Situation to adjust its capital structure. Therefore, this paper mainly studies the dynamic adjustment mode of capital structure under the market-oriented development.