摘要
负债经营是现代企业运行最重要的特征之一,但它同时也给企业带来了风险。如何对其进行分析并作出定量描述,就成为一个重要问题。当企业总资本预期报酬率大于市场利率时,负债经营是值得的;当企业总资本预期报酬率小于市场利率时,举债过度有可能造成企业破产;特殊情况下,当企业总资本预期报酬率等于市场利率时,负债经营也是不可取的。
It is one of the principal chracteristics of companies to run on liabilities and it brings the risk to the companies at the same time.How to analyse the risk and describe it quantitatively is a very important problem.Based on model analysis,the evalua-tion principles of the running on liabilities are as follows:it is reasonable if the returning rate of the whole asserts is greater than the market interest rate;it is unreasonable if the returning rate of the whole asserts is smaller than the market interest rate;it is also un-reasonable if the returning rate of the whole asserts is equal to the market interest rate.
出处
《河南社会科学》
2003年第4期77-78,共2页
Henan Social Sciences
作者简介
宋青(1968-),女,河南西平人,领导科学杂志社会计师.
