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目次一、引言二、我国上市公司的股权融资偏好的含义三、金融及其成本的法律分析四、融资成本的理论分析:团体型治理v.个体性治理五、我国融资偏好的根源:股权成本过低、债权成本过高六、相关治理措施的政策建议一、引言融资偏好由融资成本决定,融资成本是融资者为获得资金而付出的全部对价,这与投资者为维护资金安全和收取收益所消耗的总和相等。从投资者的治理结构上看,股权融资是一种“团体型”融资,债权是一种“个体型”融资,
I. INTRODUCTION II. Implications of Equity Financing Preference of China’s Listed Companies III. Legal Analysis of Finance and Its Costs IV. Theoretical Analysis of Financing Costs: Group-based Governance v. Individual Governance 5. Roots of China’s Financing Preference: Equity Cost Low, high debt costs VI policy recommendations related to governance measures I. INTRODUCTION Financing preferences are determined by the cost of financing, financing costs is the total consideration paid by the financier to obtain funds, which investors and investors in order to safeguard the safety and receive revenue The total consumed is equal. From the investor’s governance structure point of view, equity financing is a “group ” financing, debt is “individual ” financing,