| 基于两个监督模型的企业家融资分析 |
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| 引用本文： | 孙永风,张睿. 基于两个监督模型的企业家融资分析[J]. 郑州轻工业学院学报(社会科学版), 2004, 5(1): 37-39 |
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| 作者姓名： | 孙永风 张睿 |
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| 作者单位： | 1. 西安交通大学,管理学院,陕西,西安,710049
2. 西安交通大学,经济金融学院,陕西,西安,710049 |
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| 基金项目： | 教育部优秀创新研究群体基金 |
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| 摘 要： | 通过对企业家能力、道德风险和自有资本的分析,并结合两种监督模型,给出了企业家融资中的企业家自身影响因素与不同融资来源之间的关系.企业家能力的增强、道德风险减小和自有资本的增加都利于企业家融资.资产状况较佳、企业家能力较强的企业更适合通过市场融资,承担相对低的融资成本;而资产状况差、企业家能力较弱的企业则更多地通过中介机构融资,并承担相对较高的融资成本.
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| 关 键 词： | 融资 道德风险 企业家能力 监督模型 |
| 文章编号： | 1009-3729(2004)01-0037-04 |
| 修稿时间： | 2003-04-27 |
Analysis of entrepreneur''''s financing based on two models of supervision |
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| SUN Yong-feng,ZHANG Rui. Analysis of entrepreneur''''s financing based on two models of supervision[J]. Journal of Zhengzhou Institute of Light Industry(Social Science), 2004, 5(1): 37-39 |
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| Authors: | SUN Yong-feng ZHANG Rui |
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| Affiliation: | SUN Yong-feng~1,ZHANG Rui~2 |
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| Abstract: | The relationship between entrepreneur's factors and different financing sources in the process of financing is studied by the analysis of entrepreneur's ability,moral hazard and the capital.The factors are beneficial to the entrepreneur's financing such as the strengthening of entrepreneur's ability,the reduction of moral hazard and the increasing of the capital.The enterprises which have more capital and good ability of entrepreneur are suitable to make financing by market and take low financing cost,and those which have less capital and poor ability of entrepreneur are suitable to make financing by financial agencies and take high financing cost. |
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| Keywords: | financing moral hazard ability of entrepreneur model of supervision |
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