融资决策和资本结构管理实质上就是在满足企业投资需求和金融市场投资者收益要求的过程中 ,管理企业的财务风险。随着我国产品市场化竞争加剧和金融系统市场化程度提高 ,企业融资决策和资本结构管理环境发生了显著变化 :企业资产的预期收益和金融市场不确定性明显增加 ;银行逐 Financing decision-making and capital structure management is essentially to manage the financial risks of enterprises in meeting the investment needs of enterprises and the income requirements of investors in financial markets. With the intensification of market-oriented competition and the marketization of the financial system in our country, significant changes have taken place in corporate financing decisions and the capital structure management environment: the expected return on corporate assets and the uncertainty of financial markets have increased significantly;