An Analysis of Corporation Debt Financing Based on the Comparison with Equity

摘要：

Debt and equity financing are two main modes of corporation external financing. Over the recent years, corporations in China favor equity financing. Based on a comparison between the two financing modes, this paper analyses the advantages of debt financing. There are at least five advantages debt financing, such as financing costs, avoiding equity dilution, financial leverage, constraints to the management and anti-takeover.

作者: Yang Liu

作者单位: School of Economics and Management, Changsha University of Science and Technology Changsha, Hunan Province, PR China, 410076

会议类型: 国际会议

会议名称: The Second International Joint Conference on Computational Science and Optimization(CSO 2009)(2009 国际计算科学与优化会议)

会议地点: 三亚

会议语种:英文

页码: 1604-1607

在线出版日期: 2009-04-24（万方平台首次上网日期，不代表论文的发表时间）