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随着近年来金融约束理论受到的关注度持续上升的影响,国际国内的企业在投融资过程中越来越注重到相关理论与实践结合中存在的困境,并试图找到一些解决的办法。对我国企业,尤其是中小企业的发展而言更应该重视融资约束理论在企业投融资过程中的重要作用。企业的投融资方式的选择其本质在于为各个利益相关方带来最大的市场经济效益,而融资约束理论对其投资行为就会产生重大影响。
With the increasing attention paid to the financial restraint theory in recent years, international and domestic enterprises pay more and more attention to the existing difficulties in the combination of theory and practice in the process of investment and financing, and try to find some solutions. For our country’s enterprises, especially the development of small and medium-sized enterprises, more attention should be paid to the importance of the theory of financing constraints in the investment and financing of enterprises. The essence of the choice of the mode of investment and financing of enterprises lies in bringing the maximum market economy benefits to all the stakeholders, and the theory of financing constraints will have a significant impact on the investment behavior.