摘 要
本研究旨在探讨并购融资方式对企业财务结构的影响。在当前全球经济环境下，企业并购活动日益频繁，而并购融资方式的选择直接关系到企业财务结构的稳健性与未来发展潜力。本研究采用定量分析与案例研究相结合的方法，深入分析了债务融资、股权融资以及混合融资等多种并购融资方式对企业资产、负债及所有者权益的具体影响。研究结果显示，不同的融资方式会对企业的资产负债率、产权比率以及流动比率等关键财务指标产生显著影响。债务融资虽能降低融资成本，但可能增加企业的财务风险；股权融资则可能稀释股东权益，影响企业的控制权结构；混合融资方式则在一定程度上平衡了财务风险与股权稀释的问题。
关键词：财务结构 融资方式 股权稀释
Abstract
The purpose of this study is to investigate the influence of merger and acquisition financing methods on corporate financial structure. In the current global economic environment, corporate M & A activities are increasingly frequent, and the choice of m & a financing methods is directly related to the soundness of the corporate financial structure and the future development potential. This study combines quantitative analysis and case study to analyze the specific effects of debt financing, equity financing and owners' equity. The research results show that the different financing methods will have a significant impact on the key financial indicators such as the asset-liability ratio, the property right ratio and the current ratio of enterprises. Although debt financing can reduce financing cost, it may increase the financial risk of the enterprise; equity financing may dilute shareholders' equity and affect the control structure; the mixed financing method balances financial risk and equity dilution to some extent.
Keyword: financial structure way of financing Equity dilution
目 录
1绪论 1
1.1研究背景和意义 1
1.2 研究现状 1
1.3 研究方法与数据来源 1
2并购融资方式概述 2
2.1并购融资的基本概念 2
2.2 并购融资的主要方式 2
2.3 并购融资方式的选择与影响因素 3
3并购融资方式对企业财务结构的影响机制 3
3.1财务结构的基本概念与评价指标 3
3.2 并购融资方式对资本结构的影响 4
3.3 并购融资方式对负债结构的影响 4
3.4 并购融资方式对流动性与偿债能力的影响 4
4并购融资方式对企业财务结构影响的实证分析 5
4.1研究假设与数据来源 5
4.2 变量定义与模型构建 5
4.3 实证结果与分析 6
4.4 稳健性检验与讨论 6
5结论 7
参考文献 8
致谢 9
本研究旨在探讨并购融资方式对企业财务结构的影响。在当前全球经济环境下，企业并购活动日益频繁，而并购融资方式的选择直接关系到企业财务结构的稳健性与未来发展潜力。本研究采用定量分析与案例研究相结合的方法，深入分析了债务融资、股权融资以及混合融资等多种并购融资方式对企业资产、负债及所有者权益的具体影响。研究结果显示，不同的融资方式会对企业的资产负债率、产权比率以及流动比率等关键财务指标产生显著影响。债务融资虽能降低融资成本，但可能增加企业的财务风险；股权融资则可能稀释股东权益，影响企业的控制权结构；混合融资方式则在一定程度上平衡了财务风险与股权稀释的问题。
关键词：财务结构 融资方式 股权稀释
Abstract
The purpose of this study is to investigate the influence of merger and acquisition financing methods on corporate financial structure. In the current global economic environment, corporate M & A activities are increasingly frequent, and the choice of m & a financing methods is directly related to the soundness of the corporate financial structure and the future development potential. This study combines quantitative analysis and case study to analyze the specific effects of debt financing, equity financing and owners' equity. The research results show that the different financing methods will have a significant impact on the key financial indicators such as the asset-liability ratio, the property right ratio and the current ratio of enterprises. Although debt financing can reduce financing cost, it may increase the financial risk of the enterprise; equity financing may dilute shareholders' equity and affect the control structure; the mixed financing method balances financial risk and equity dilution to some extent.
Keyword: financial structure way of financing Equity dilution
目 录
1绪论 1
1.1研究背景和意义 1
1.2 研究现状 1
1.3 研究方法与数据来源 1
2并购融资方式概述 2
2.1并购融资的基本概念 2
2.2 并购融资的主要方式 2
2.3 并购融资方式的选择与影响因素 3
3并购融资方式对企业财务结构的影响机制 3
3.1财务结构的基本概念与评价指标 3
3.2 并购融资方式对资本结构的影响 4
3.3 并购融资方式对负债结构的影响 4
3.4 并购融资方式对流动性与偿债能力的影响 4
4并购融资方式对企业财务结构影响的实证分析 5
4.1研究假设与数据来源 5
4.2 变量定义与模型构建 5
4.3 实证结果与分析 6
4.4 稳健性检验与讨论 6
5结论 7
参考文献 8
致谢 9
