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资金不仅是企业发展过程中必不可少的元素,也是生产经营活动的核心要素。在资本市场发展日趋成熟的今天,筹措资金的方式越发多样化,而债务融资依旧是企业最为重要的融资方式之一。但是,债务资金的引入也不是万能的,融资方式不同,债务期限的长短也不同;债务期限结构不同,对企业发展的影响程度也会不同,债务期限结构对公司价值的影响主要是通过企业融资成本、财务风险、融资结构弹性和投资行为等方面而产生的。因此,本文主要从这几方面探讨了企业债务期限结构对企业价值的影响。
Funds are not only the essential elements in the process of enterprise development, but also the core elements of production and operation activities. Today, capital market development is maturing, the ways of raising funds are diversified. Debt financing is still one of the most important financing methods for enterprises. However, the introduction of debt funds is not a panacea, different financing methods, the duration of the debt is also different; different debt maturity structure, the impact on the development of enterprises will be different, the debt maturity structure of the company’s value is mainly through corporate finance Cost, financial risk, financing structure flexibility and investment behavior. Therefore, this article mainly discusses the impact of the corporate debt maturity structure on the corporate value from these aspects.