财务杠杆与企业投资行为关系问题探讨.pdf

摘 要 财务杠杆与企业投资行为关系是企业管理、经营的中心问题。运用财务杠杆的程度 不同，对企业投资行为将会产生不一样的结果。本文在中西方学者们结论和相关理论的 基础上，详细的讨论了负债融资规模、负债利率、债权人和股东的态度以及企业投资行 为的衡量指标，探讨财务杠杆与企业投资行为之间的关系。本文选取了一些有代表性的 事例，重点从负债利率影响负债成本，造成负债规模不合理，进一步影响到投资决策。 通过分析财务杠杆与企业投资之间的关系，发现我国国内在这方面所存在的问题，并根 据存在的问题给出一些建议。 关键词：财务杠杆，企业投资，负债融资 Abstract The relationship between financial leverage and corporate investment behavior is a central issue in corporate management and operation. The degree of use of financial leverage will produce different results for corporate investment behavior. Based on the conclusions of Chinese and Western scholars and relevant theories, this paper discusses the scale of debt financing, the interest rate of debt, the attitudes of creditors and shareholders, and the indicators of corporate investment behavior, and discusses the relationship between financial leverage and corporate investment behavior. This article selects some representative examples, focusing on the impact of debt interest rates on debt costs, resulting in unreasonable debt scale, which in turn affects corporate investment decisions. By analyzing the relationship between financial leverage and corporate investment, we find problems in China in this regard, and give some suggestions based on the existing problems. Key words: Financial Leverage, Corporate Investment, Debt Financing 目 录 前 言 1 1 绪论 2 1.1 研究背景与研究意义2 1.1.2 研究意义2 1.2 国内外研究现状2 1.2.1 国外研究现状2 1.2.2 国内研究现状3 1.3 研究内容和创新点3 1.3.1 研究内容3 1.3.2 创新点3 2 相关理论概述4 2.1 投资行为概述4 2.1.1 投资行为相关理论4 2.1.2 长期投资与短期投资4