资金是经济活动中不可缺少的要素。资金使用者从不同来源、以不同方式筹集的资金及其形成的不同结构,其资金成本和筹资风险各不相同,都会直接影响筹资的经济效益。因此,企业在筹资活动中必须考虑各种资金成本的高低,并加以合理配置,控制筹资风险,提高筹资效益。一、资金成本是选择筹资方式的重要依据资金成本是筹集和使用资金所发生的耗费。从资金使用者来说,它是使用别人的资金而必须付出的花费和代价,从资金提供者的角度讲,它则是报酬,一般以相对数表示。对筹资中发生的一些筹措费用, Capital is an indispensable element in economic activities. Fund users’ funds raised from different sources and in different ways and the different structures they have formed have different capital costs and funding risks, which will directly affect the economic benefits of financing. Therefore, enterprises must consider the level of various capital costs in their fundraising activities and allocate them rationally to control the risk of fundraising and improve the efficiency of fundraising. I. Capital cost is an important basis for choosing the financing method The cost of capital is the cost incurred for raising and using funds. From the perspective of the fund user, it is the cost and cost that must be paid by using other people’s funds. From the perspective of the fund provider, it is the reward, which is generally expressed in relative terms. Some of the financing costs incurred during the financing