haku: @indexterm CAPITAL STRUCTURE OF COMPANIES / yhteensä: 353
viite: 98 / 353
| Tekijä: | Li, Shan Li, Daokui |
| Otsikko: | Merger of enterprises and structure of capital: theoretical analysis and policy suggestions (original in Chinese) |
| Lehti: | Reform (c)
1998 : 1, p.89-95 |
| Asiasana: | MERGERS CAPITAL STRUCTURE OF COMPANIES |
| Kieli: | chn |
| Tiivistelmä: | Merger of enterprises may change the combination of assets and the distribution of cash flow and thus change the corresponding optimal capital structure and enterprise value. Generally speaking, the trans-regional and cross- trade principle should be stressed in merger of Chinese enterprises. Merger of enterprises must be conducted in step with the adjustment of capital structure. The author makes the following suggestions for the current reform of enterprises: Under certain conditions, we may narrow the gap between the actual debt level and optimal debt level by using the method of merger of enterprises. To complete the reform successfully, we need to accelerate the merger and re-organization of enterprises while at the same time promoting the development and improvement of capital market actively. |
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