麻烦高手帮我翻译一段话摘要】：融资结构是公司经营决策的基础和依据，融资结构的选择在很大程度上决定着公司绩效的高低。西方发达国家的理论和实证研究表明：一定的负债对企业提

麻烦高手帮我翻译一段话摘要】：融资结构是公司经营决策的基础和依据，融资结构的选择在很大程度上决定着公司绩效的高低。西方发达国家的理论和实证研究表明：一定的负债对企业提
麻烦高手帮我翻译一段话
摘要】：融资结构是公司经营决策的基础和依据，融资结构的选择在很大程度上决定着公司绩效的高低。西方发达国家的理论和实证研究表明：一定的负债对企业提高自身价值是有益的；同时，企业融资是有顺序的，即应首选内源融资，若需外源融资，应首选举债，然后才发行股票。而我国得一些研究表明我国上市公司的融资顺序与西方现代资本结构理论关于融资优序原则存在明显的冲突。
【关键词】：上市公司；融资结构；绩效分析

麻烦高手帮我翻译一段话摘要】：融资结构是公司经营决策的基础和依据，融资结构的选择在很大程度上决定着公司绩效的高低。西方发达国家的理论和实证研究表明：一定的负债对企业提
Abstract】:Financial structure is the base of providing advice to the management for making business decisions,the choice of financing structure in largely determines the performance of the company.The theories empirical research put forward by the western developed countries suggest:A certain amount of liabilities do good to increase its value;In the same time,Corporate finance needs to be put into orders,that's to say,the preferred endogenous Corporate finance.If it needs exogenous Corporate finance,we should take debt financing as preference,then the stock issuance .However,the studies of China show that the pecking order of trading enterprises in China have conflicts with the pecking order theory of Western contemporary Capital Structure Theory.
【KeyWords】：上市公司trading enterprise;融资结构Financial structure；绩效分析performance analysis

Financing structure is the fundamental business and financial structure, the choice to a great extent determine the performance of the company. The western developed countries of the theoretical and e...

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Financing structure is the fundamental business and financial structure, the choice to a great extent determine the performance of the company. The western developed countries of the theoretical and empirical studies show that some liabilities for enterprises to improve their own value is beneficial, At the same time, enterprises financing is a sequence, which should be preferred internal financing, financing, if need be preferred exogenous debt issuance of stocks, then. Some research shows that Chinese listed companies in China and the west of financing order the theory of modern capital structure optimization about financing preface principle of conflict.

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Financing structure is the basis of company policy and the basis for the choice of financing structure largely determines the level of corporate performance. Western developed countries, theoretical a...

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Financing structure is the basis of company policy and the basis for the choice of financing structure largely determines the level of corporate performance. Western developed countries, theoretical and empirical research show that: a certain liabilities of the enterprises to improve their value and be useful; the same time, corporate finance is in order, that should be within the preferred source of financing, For Foreign financing, borrowing should be preferred before issue of shares. In China, some studies have show that the financing of the order of listed companies in China and the Western theory of modern capital structure Optimal Financing principle of apparent conflict.

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