Analysis of Influence of Debt Financing Constraints on Enterprise Investment Behavior Choice
During debt financing of the enterprises, the comprehensive effect of information asymmetry,agent problem and transaction costs causes cost differences between internal and external financings,consequently results in enterprise debt financing constraints. We adopt models to study debt financing constraints, analyze its influence on enterprise investment behavior choice so as to help the enterprises respond debt financing constraints more reasonably, optimize investment behavior choice, advance the enterprise value to the full extent and strengthen the competition among enterprises.
Debt financing financing constraint investment behavior
TAN Heng
Zhongyuan University of Technology
国际会议
2008 International Conference of Management Science and Engineering(2008管理科学与工程国际学术会议)
河南焦作
英文
54-58
2008-11-01（万方平台首次上网日期，不代表论文的发表时间）