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随着我国科技迅猛发展,在经济转型升级发展的关键时期,企业获得持续竞争力的关键要素是增强其资产专用性程度,发挥其价值性、稀缺性、不可模仿性和无法替代性的作用,为企业带来持续的市场竞争力。而企业在对这种资产专用性的投入进行战略决策时,不仅会考虑到投资的可行性,投资比例等问题,还会考虑到筹融资方式的选择,对股权、债权融资方式进行考量,确定或调整二者的权重和比例,从而影响企业整体资本结构。
With the rapid development of science and technology in our country, the critical factor for enterprises to achieve sustained competitiveness in the critical period of economic restructuring and upgrading is to enhance the degree of asset specificity and give play to its value, scarcity, non-imitability and irreplaceability. For enterprises to bring sustained market competitiveness. When making strategic decisions on the specific investment of such assets, enterprises will consider not only the feasibility of investment and the proportion of investment, but also consider the choice of ways to raise funds, consider the ways of financing of shares and claims, and determine Or adjust the weight and proportion of the two, thus affecting the overall capital structure of enterprises.