所谓权衡理论(trade-off theory),就是强调在平衡债务利息的抵税收益与财务困境成本的基础上,实现企业价值最大化时的最佳资本结构。此时所确定的债务比率是债务抵税收益的边际价值等于增加的财务困境成本的现值。 未来现金流不稳定以及对经济冲击高度敏感的企业,如果使用过多的债务,会导致其陷入财务困境(financial distress...
aThe trade-off theory argues that managers have discretion over their firms' leverage choices and that they adopt capital structures with the value-maximizing level of debt. 交易理论争辩说经理有谨慎在他们的公司的杠杆作用选择,并且,他们采取资本结构与债务的价值最大化的水平。[translate]...
aThe trade-off theory states that an optimal capital structure exists where the value of tax deductibility of interest payments is offset by the cost of financial distress. 交易理论阐明,一种优选的资本结构存在利息支付的税可推断性的价值由财政困厄的地方费用抵销。[translate]...
Static Trade-Off Theory静态权衡理论 ACCA P4考试:Static Trade-Off Theory 1 Use of Debt Finance The trade-off theory of capital structure refers to the idea that a company chooses how much debt finance to use by balancing the relative costs and benefits of debt. The relevant benefit of debt ...
1)trade-off theory权衡理论 1.This paper analyzes empirically the factors affecting the capital structure of publicly traded Chinese real estate firms based on thetrade-off theoryand pecking-order theory, aiming to provide some meaningful references for the establishment of financing policies of Chinese...
1）什么是bias，variance 一般来说，模型的预测值是在真实值附近震荡，预测值与真实值之间的误差服从高斯...
StaticTrade-OffTheory静态权衡理论 ACCAP4考试:StaticTrade-OffTheory 1UseofDebtFinance Thetrade-offtheoryofcapitalstructurereferstotheideathatacompanychooseshowmuchdebtfinancetouse bybalancingtherelativecostsandbenefitsofdebt. Therelevantbenefitofdebtisthetaxshieldoninterestpayments. ...
特征选择刚好相反，它通过剔除/解耦合/解共线性等方式降低了参数的数量及耦合关系，使得这个方差分解朝...
首先... 这篇文章做出最大贡献的我觉得是MELITZ Helpman虽然是大牛╮(╯▽╰)╭ proximity-concentration trade-off的正确翻译是 就近集中取舍效应
首先... 这篇文章做出最大贡献的我觉得是MELITZ Helpman虽然是大牛╮(╯▽╰)╭ proximity-concentration trade-off的正确翻译是 就近集中取舍效应