论资本结构与治理结构目标的一致性

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(410079),,,,,,(,1994)(),,,,,;;MMMM;2070,,1.,,,,,,,2.,,,,:(1),,,,,,,,;,,,,15200316©1995-2004TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.(2),,,,3.,X,W,R(),P,(1)XW+R+P,;(2)W+RXW+R+P,,(3)WXW+R,(4)XW,,,,,,,,1.,,-,,,,(),(,),:,,;,,,,,,,2.,,,:(1),,,:,,,(2),,,,,,,(3)-(Myes-Majluf),,,,,,,,,(),,1.,,2.,:,,,,,,,25200316©1995-2004TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,,,,,,,,,,,(),,,,,,,1,,:,,D1,D2D1;D2,,,,;,,,,,D1D2,(D=D1+D2),,,D3D1:D2:D3:1,,,,:(ownershipoftheasset)(ownershipofthefirm)(propertyrights),,(residualclaimancy)(residualrightsofcontrol),,,,,,,,,,:.1996..:.1996..,7:315.1995.:.,4:10911635200316©1995-2004TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.

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