资产结构优化的动态不一致研究  

Study of Dynamic Inconsistence of Structural Optimization of Enterprise Assets

作　　者：刘百芳[1] 隋立秋[2] 刘晓彦 

机构地区：[1]北京语言大学国际商学院,北京100083 [2]中央财经大学会计学院,北京100081

出　　处：《商业研究》2010年第9期39-43,共5页Commercial Research

摘　　要：通过构建完全信息动态博弈模型,研究了企业资产结构优化的路径依赖和动态不一致。资产结构优化策略路径依赖于预期的资产结构和产品市场竞争策略。长期来看,资产结构优化策略的依赖路径是不稳定的。资本合约驱动的变化,转化因子的变化和管理者对均衡收益率的认知变化,共同导致了资产结构优化策略的动态不一致。By constructing complete information dynamic game model, this article studied the path dependence and dynamic inconsistency of the structural optimization of enterprise assets. Structural optimization of enterprise assets depends on the expected path of asset structure and competitive strategy of product market. In the long term, the path is unstable. Contract-driven changes in the capital, conversion changing factors and the changes of managers′ understanding of balance rate of return led to the dynamic inconsistency together.

关 键 词：资产结构优化 路径依赖 动态不一致 动态博弈模型 

分 类 号：F275.5[经济管理—企业管理]