资本结构及其优化

企业的资本结构受到企业规模、融资工具、资金成本、所得税和企业收益能力等因素的影响。资本结构的优化已成为企业筹资决策的核心问题，也是实现企业价值最大化的根本保证。优化企业资本结构，政府要加大支持优化企业资本结构的力度；加快资本市场建设；大力扶持证券市场的发展；强化企业资本结构意识，加强资本结构理论研究；加快企业转轨建制的步伐，建立现代企业制度。

Capital Structure and Its Optimization

Capital structure of corporates is oppressively influenced by some factors, including enterprise size,financing tool, capital cost, income tax and income earning power. The optimization of capital structure is not only the central issue in enterprise fund decision, but also the basic guarantee for the business value maximization. With the government＇s allout support, the structure can be improved by speeding up the capital market construction, and furthering the development of stock market. It is imperative to enhance the research of capital structure,speed up the shift of corporate mechanism and establish the modern business institution.