摘要
在市场经济条件下,企业负债经营是不可避免的。负债经营可以提高企业的市场竞争能力,扩大企业生产规模,使企业得到财务杠杆效益,减少货币贬值的损失,降低综合资金成本。同时,负债经营也增加了企业的负债风险。那么,怎样才能在企业发展和控制负债风险之间寻求一条最佳途径呢?本文先通过对负债经营的主要风险以及负债风险的成因进行分析,然后针对负债经营企业如何防范和控制负债风险提出了几点建议。
Under modern market economy circumstances,it is inevitable for enterprises to operate with debt.On the one hand,by operation with debt,enterprises can raise competitive power of enterprise in market,expand the operational scale of enterprise,acquire financial leverage effect,gain advantage of paying less tax,and reduce the losses of currency depreciation and comprehensive capital cost.On the other hand,operating with debt can also increase debt risk of business.How can we find an optimum way for enterprises to develop with the debt risk under control？This article,by analyzing the main risk of operation with debt of business and the contributiong factors of debt risk,makes some proposals on bow to take precautions against and control debt risk.
出处
《物流科技》
2005年第11期65-68,共4页
Logistics Sci-Tech
关键词
负债风险
负债经营
资金成本
投资报酬率
财务杠杆效应
debt risk
debt-raising operation
capital cost
investment yield
financial leverage effect
