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1、民營企業(yè)籌資風險問題研究(Researchonfinancingriskofprivateenterprises)managementscienceFinancingriskreferstothesupplyoffundsbyenterprisesinfinancingactivitiesDemandmarketandeconomyChangesintheenvironmentorsourcesoffundingstructureTermstructureandsoontotheenterprisefinancialresultsbeltUnce
2、rtaintyabout.Financingriskmainlyincludesinterestraterisk,refinancingriskandfinancialleverageEffectExchangeraterisk,purchasingpower,riskandsoon.Enterprisedebtistoomuch,financingcostishigh,riskLarge,resultinginlowcreditratingenterprises,creditisrelativelypoor.1,privateenterpris
3、efinancingriskcausesTherearemanyreasonsforthefinancingrisksofprivateenterprises,bothprivateandprivateenterprisesReasons,butalsoprivateprivateenterprisesthemselves,andtheformationofdifferentfinancingrisksSpecificreasonsarenotthesame.1.1,financingdecisionslackscientificFinancin
4、gdecision-makingerrorisanothermajorcauseoffinancingrisk.AvoidfinancingThepremiseofpolicyerroristhescientificdecision-makingoffinancing.1.2,theproportionoflong-termcapitalandshort-termcapitaldoesnotcoordinateThetermproportionofcapitalreferstothevaluestructureanditsproportional
5、relationshipofdifferentmaturities.Concretelyspeaking,itisthecompositionstructureoflongtermcapitalandshort-termcapital.Asinlong-termnegativeInthestructureofdebtandshort-termdebt,long-termliabilitieswillchangeintonegativeoneswithtimeDebt,ifthelong-termdebtistoomuch,itwillbebeca
6、useofthistransformationcausedbylessthancurrentassetsDynamicdebtleadstothedecreaseofenterprise'ssolvency,whichincreasestheriskofenterprisefinancing.1.3,differentfinancingmethodsThemeansoffinancingincludeequityfinancing(suchastheabsorptionofpaidincapitalandtheissuanceofsharesOt
7、herwaysAnddebtfinancing(suchasissuingbondsandlendingtofinancialinstitutions).commonlyThecostofequityfinancingishigherthanthatofdebtfinancing,butequityThetypeoffundsneednotberepaid,whilethedebtfundsmustberepaid.Thatis,equityfinancingThecostofgoldishigh,buttheriskislow,buttheco
8、stofdebtfinancingislow,buttheriskishigh.Therefore,differentFinancing