资本结构优化定量决策方法综述  

The Review of Quantitative Decision Making Methods in Capital Structure Optimization

作　　者：孙晓华[1] 孟庆丰[2] 

机构地区：[1]大连理工大学经济研究中心,辽宁大连116024 [2]上海电缆研究所,上海200093

出　　处：《商业研究》2006年第20期11-14,共4页Commercial Research

摘　　要：资本结构优化,需要解决优化的目标,何为最优资本结构,以及如何达到最优资本结构等问题,其中计算最优债务权益比是决策的关键内容。按照综合资本成本最低、股东财富最大化、企业价值最大化和多目标综合考虑等不同标准,对现有最优资本结构定量决策方法进行分类和评述,可以为资本结构优化决策提供依据。The optimization of capital structure need solve three problems： the goal of optimization, the conception of the optimum capital structure and how to reach the optimum capital structure. Among these problems, calculating optimum ratio between debt and equity is the most important. According to the standards of minimum comprehensive capital cost, maximum shareholder wealth, maximum firm value and multiple objectives, the paper classifies and comments the existing quantitative decision making method for the optimum capital structure.

关 键 词：资本结构 资本结构优化 定量决策方法 

分 类 号：F224.9[经济管理—国民经济]