跨国公司的资本结构与融资:一种分数多目标方法

Capital Structure and the Financing of the Multinational Corporation: A Fractional Multiobjective Approach

Journal of Financial and Quantitative Analysis · 1982
被引 20
人大 AFT50ABS 4

中文导读

提出一种分数多目标方法,帮助跨国公司财务经理在考虑不同税收结构、汇率变动、资本流动障碍和金融市场分割的情况下,确定最优资本结构和融资来源。

Abstract

The financial manager of the multinational corporation (MNC) is faced with various tax structures, changing exchange rates, barriers to capital flows, and the possibility of financial market segmentation. The manager must be concerned with determining an optimal capital structure as well as identifying the sources of the relevant funds. Likewise, the manager must be concerned not only with funds flows, but also with the risk that the value of these flows will change owing to changing exchange rates. Finally, the manager must be concerned with operating under widely differing governmental philosophies.

跨国公司资本结构融资决策多目标优化