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zi ben jie gou li lun ju xian xing yu qi ye cai wu rou xing gou jian
Author(s): 
Pages: 7-9
Year: Issue:  13
Journal: Finance and Accounting Monthly

Keyword:  资本结构MM理论啄序理论权衡理论财务柔性;
Abstract: 本文基于对现代资本结构理论局限性的分析,认为财务柔性对于解释企业的财务状况是一个更具经验描述性的理论范式。通过对财务柔性构建动机的分析及其在企业财务规划中的功能定位,提出了将持有较高的现金余额、保持较低的负债水平以及持续的现金股利作为财务柔性构建的主要控制因素。
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