The Optimization of Capital Structure of Scientific and Technological Enterprises Based on Value Orientation
Jin Guirong1,Zhao Chen2
1.College of Economics and Management,Tianjin University of Science and Technology,Tianjin 300222,China; 2.North United Power Co.,Ltd.,Hohhot 010020,China
Abstract：This paper uses enterprise value maximization as the goal of capital structure optimization, and sets the hypothesis that between capital structure and enterprise value there exists opposite U relationship .109 high-tech enterprises are set as samples, and the regression model of enterprise value is built.Then the opposite U relationship is found between capital structure and enterprise value, and it is also concluded that long-term liabilities and enterprise value has positive correlation, and ownership concentration and enterprise value has positive correlation
金桂荣,赵 辰. 以价值为导向的科技型企业资本结构优化研究[J]. 中国科技论坛, 2016(8): 77-83.
Jin Guirong,Zhao Chen. The Optimization of Capital Structure of Scientific and Technological Enterprises Based on Value Orientation. , 2016(8): 77-83.
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