企业筹资决策中的资金成本研究  

Study on Capital Cost In Enterprise Financing Decision

作　　者：丁双元[1] DING Shuang-yuan(Wuhan Institute of Shipbuilding Technology, Wuhan 430050, Chin)

机构地区：[1]武汉船舶职业技术学院,湖北武汉430070

出　　处：《武汉船舶职业技术学院学报》2016年第3期38-40,共3页Journal of Wuhan Institute of Shipbuilding Technology

摘　　要：在现代财务管理理论中,资金成本对于企业筹资决策的影响不言而喻,因为企业资金成本的高低直接决定了企业筹资结构的优劣,而企业筹资结构的优劣直接影响企业利润的多少。企业可以通过选择不同的资金渠道和筹资方式来降低企业的资金成本,优化企业资本结构,提高企业的经济效益。本文从资金成本含义出发,探析了不同来源资金成本以及资金成本的具体计算方法,并对资金成本在筹资决策中的重要作用作了进一步说明,旨在对企业不同筹资渠道的选择上给出一定建议。In the modern financial management theory,capital cost has obvious impact on enterprise financing decision,because the cost of capital directly determines the advantages and disadvantages of enterprise financing structure so that corporate profits can be influenced as well.Enterprises can choose funds through different financing channels to reduce enterprise funds cost,optimize capital structure,and improve the economic efficiency of enterprises.Starting from the meaning of capital cost,this essay analyzes the cost of capital from different sources,discusses the calculation methods of capital cost and gives further explanation on the important role of capital cost in financing decision,with a view to offering some suggestions for selection of different financing channels.

关 键 词：资金成本 资金筹集费 资金占用费 筹资决策 

分 类 号：F275[经济管理—企业管理]