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随着我国社会主义市场经济的发展和现代企业制度的建立,企业成为自主经营、自负盈亏的经济主体,筹资渠道变得多元化,举债经营已成为现代企业广泛运用的一种经营方式。适度的负债经营,会使企业更加注重合理运用资金,提高资金使用效果,创造更多的经济效益。一、负债融资对企业经营的影响1.负债融资对企业收益的影响企业利用负债的利息是固定不变的,不受企业经营成果好坏的影响;同时,债权人的求偿权处于第一位,因而债权人承担的风险比较小,相应地企业利用负债资金所承担的利息率也较低。另外,企业债务利息计入成本,由此产生的所得税的节省,等于降低了债务资金的成本。以上两个因素使企业
With the development of socialist market economy and the establishment of modern enterprise system in our country, enterprises have become the main economic entities that run their own businesses and are responsible for their own profits and losses. The channels for raising funds have become diversified, and the operation of borrowing has become a widely used mode of operation for modern enterprises. Moderate liability management, will enable enterprises to pay more attention to the rational use of funds, improve the use of funds, and create more economic benefits. First, the impact of debt financing on business operations 1. Debt financing on corporate earnings Interest on corporate debt is fixed, free from the impact of business performance; at the same time, the creditor's claim is in the first place , So the risk borne by the creditors is relatively small, correspondingly, the interest rate that the enterprise takes on the debt funds is also lower. In addition, corporate debt interest costs included in the resulting income tax savings, equal to reduce the cost of debt funds. The above two factors make the enterprise