李亚明 201822120120 负债经营对公司价值的影响研究——以海南航空股份有限公司为例.doc.docx

目 录TOC \o "1-3" \h \u HYPERLINK \l _Toc29593 摘要 PAGEREF _Toc29593 1 HYPERLINK \l _Toc19293 关键词

目录 摘要 ···································· 1 关键词 ··································· 1 引言 ···································· 3 1概念界定及相关理论概述 ·························· 3 1.1概念界定 ································ 3 1.1.1负债经营 ······························· 3 1.1.2公司价值 ······························· 3 1.2相关理论 ································ 4 1.2.1委托代理理论 ····························· 4 1.2.2风险管理理论 ····························· 4 2负债经营对公司价值影响 ·························· 5 2.1负债经营对公司价值的影响机制 ······················ 5 2.1.1负债规模对公司价值的影响 ······················· 5 2.1.2负债期限结构对公司价值的影响 ····················· 5 2.1.3负债中融资类型对公司价值的影响 ···················· 6 2.2负债经营对公司价值不利影响的成因 ···················· 7 2.2.1负债经营比例过大，增加公司营运成本 ·················· 7 2.2.2负债融资结构失衡，扩大公司财务风险 ·················· 7 3海航负债经营及对其公司价值影响分析 ···················· 7 3.1海航负债经营的情况 ··························· 7 3.2基于流动负债的海航公司价值情况 ···················· 10 4应对负债经营对公司价值影响的对策建议 ·················· 10 4.1选择合理筹资方式，保持适度负债结构 ·················· 10 4.2加强资金管理，提高负债资金使用效率 ·················· 11