一、引言学术界对于资本结构的概念界定,存在着一定的分歧。分歧集中于如何界定资本结构中的负债内涵。一般分为两派:一派认为,债务只是企业长期负债属于资本结构、短期债务不包含在资本结构中;另一学派认为,在资产负债表中右列所列出的负债的总和即是债务资本结构的负债。资本结构的定义也存在分歧,主要对负债内涵在资本结构里的定义有质疑。其中一方的观点是企业长期负债等于在资本结构里的负债,短期负债不属于在资本结构里的负债。 I. Introduction There are some differences in the definition of capital structure in academia. Differences focus on how to define the debt structure in the capital structure. Generally divided into two factions: One faction believes that the debt is only long-term corporate debt belongs to the capital structure, short-term debt is not included in the capital structure; another school believes that the sum of the liabilities listed in the right column of the balance sheet is the debt capital Structure of the debt. There are also differences in the definition of capital structure, mainly the definition of debt content in the capital structure has been questioned. One side’s view is that long-term corporate debt equals debt in the capital structure and short-term debt does not belong to the debt in the capital structure.