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一、资本结构理论(一)早期资本结构理论美国David Durand在1952年最早对资本结构理论提出具体看法。他把传统的资本结构理论划分为三种类型:1.净收益理论(NI)。假设企业的负债成本和权益成本固定不变,企业应利用债务以降低综合资本成本。
First, the capital structure theory (A) early capital structure theory David Durand in 1952 the United States put forward specific views on the theory of capital structure. He divided the traditional theory of capital structure into three types: 1. Net income theory (NI). Assuming that the firm’s cost of indebtedness and equity are fixed, the firm should use debt to reduce its overall cost of capital.