Target Capital Structure

Target Capital Structure and the Behavioral Aspects of Manager

目标资本结构确定与经理人行为模式

The dynamic trade-off theory argues that firms do have a target capital structure .

权衡理论认为企业存在目标资本结构。

Sound Business out Picking Target Capital Structure on Financing Decision

企业筹资决策中最佳资本结构的选择

On defining target capital structure

目标资本结构的确定探析

Target capital structure mix is the mix of financing sources that the firm plans to maintain through time .

目标资本结构组合是公司一定时期计划拥有的融资组合。

In addition , the company level characteristic variables play an important role on the actual capital structure and the target capital structure .

另外，公司层面特征变量对实际资本结构决定和对目标资本结构的拟合也具有显著作用。

Large size companies have higher ability to gain credit fund and adjust quicker to their target capital structure . However , they have lower attention to interest rate .

大型规模企业的信贷获得能力强，向目标资本结构调整的速度更快，而对信贷成本的关注度相对较低。

The adjustment cost is large due to the imperfection of the capital market , which leaves some companies depart from their target capital structure for a relatively long period .

由于资本市场的不完善，导致调整成本很高，使得部分上市公司长期偏离其目标资本结构。

S : This paper investigates three possible behaviors ( herding , following the leader and patting head ) which the managers may adopt in deciding the target capital structure from the viewpoint of behavioral finance .

本文从行为金融学角度对我国上市公司经理人在目标资本结构确定过程中可能采行的三种行为模式（羊群行为、追随领头人行为和拍脑袋行为）进行了分析。

However , capital structure theory is not actually used to explain the observed differences among the capital structure , but to explain the differences among the optimal capital structure in the company , that is the differences among the target capital structure .

然而，资本结构理论也并不是用来解释实际可观测的资本结构之间的差异，而是来解释不同公司间的最优资本结构，即目标资本结构之间的差异。

Answers are put forward to resolve the questions of how payment methods influence the risks and gains of shareholders of both acquiring and acquired companies , and the relationship between the company 's target capital structure and financing methods .

回答了诸如不同支付方式对并购双方的风险与收益的影响，以及企业目标资本结构与融资方式选择的关系。

The paper deeply discusses its development : its policy of entering stockmarket ; its target capital stock structure and target capital structure ;

本文针对企业的发展做了深入探讨：公司上市策略及其达到的目标股本结构和目标资本结构；