噪声市场条件下的最优资本结构
Analysis of Optimal Capital Structure Under Condition of Noise Market
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摘要: 建立了存在市场噪声条件下的最优资本结构模型,给出了含噪声风险的企业股权价值。负债价值和最优资本结构的函数关系式,讨论了市场噪声对企业股权价值、负债价值和最优资本结构的影响。Abstract: This paper builds an optimal capital structure game model under the condition of nois emarket, and presents the functions with noise risk of value of shares, value of debts and capital structure.The influences of the noise on value of shares, value of debts and capital structure are also discussed.