| 西方现代资本结构理论及发展动向 |
| |
| 引用本文： | 中国工程院工程管理学部“管理科学的历史沿革、现状与发展趋势”课题组
,杜湘红.西方现代资本结构理论及发展动向[J].中南工业大学学报(社会科学版),2002(1). |
| |
| 作者姓名： | 中国工程院工程管理学部“管理科学的历史沿革、现状与发展趋势”课题组 杜湘红 |
| |
| 作者单位： | 中南大学工商管理学院 长沙，410083 |
| |
| 基金项目： | 中国工程院工程管理学部课题 |
| |
| 摘 要： | 现代西方资本结构理论以不对称信息为基础 ,力图通过“信息”“代理”等概念从公司的“外部因素”来展开对资本结构问题的分析 ,从而把权衡难题转化为结构和制度设计问题 ,是近年来资本结构研究领域的主流学派。现代资本结构理论主要包括罗斯模型、利兰—派尔模型、优序融资理论的信号模型以及包括代理成本说、财务契约论的代理理论两方面内容。研究不同法律环境对企业融资行为的影响以及资本结构和公司治理之间的关系成为近年来西方资本结构理论发展的新动向
|
| 关 键 词： | 资本结构 法律环境 公司治理结构 |
The modern western capital structure theory and its new direction |
| |
| The History,Present Conditions and Developing Trend of Management Science" Research Group The Engineering Management.The modern western capital structure theory and its new direction[J].Social Science Journal For Central South University of Technology,2002(1). |
| |
| Authors: | The History Present Conditions and Developing Trend of Management Science" Research Group The Engineering Management |
| |
| Institution: | The History,Present Conditions and Developing Trend of Management Science" Research Group The Engineering Management Department of National Engineering Academy |
| |
| Abstract: | The modern western capital structure theory is based on asymmetric information, trying to analyze the problem of capital structure from external factors of a corporation with some conceptions such as 'information' and 'agency'. The theory transforms the balance problem into the problem of structure and institutional design. It consists of informational models including Ross model, Leland Pyle model, Peking order theory and agency theories including agency cost theory and financial contract theory. Researches on the relation between capital structure and corporate governance, and the influence of legal environments on finance are the new direction of the development of modern capital structure theory. |
| |
| Keywords: | capital structure legal environment Corporate governance |
| 本文献已被 CNKI 等数据库收录！ |
