澳洲神学代写论文
这里有两个内部因素，即财务灵活性和管理风格。财务灵活性是公司的一个方面，它将帮助它在更糟糕的经济时期筹集到合适的资本。不是所有的公司都有更好的财务灵活性，因此这是影响公司资本结构的一个稳定的因素。现在，如果一个人只懂得金融的灵活性，因为他们在任何时候都没有任何融资的问题，那么公司就可以在很好的时候筹集资金，这样就不会在以后(Chand, 2017)的时候对他们的灵活性施加压力。
此外，该公司还将寻求通过降低公司债务来保持较高的财务灵活性。例如，航空业就是这样运作的。当时机成熟时，他们会产生更好的现金流;他们还确保自己有较低的债务，以使他们始终处于拥有更好的财务灵活性的地位。在财务灵活性的基础上，管理风格也将在企业资本结构中发挥关键作用。管理层可能不太倾向于利用债务来筹集资金。然而，一个更加开放的管理部门可能会利用这种情况来筹集资本或利润。管理层的好斗本性将决定他们如何计划每股收益。
Two internal factors that here would be financial flexibility and management style. Financial flexibility is that aspect of the company that would help it raise the right capital in worse economic times. Not all companies will have better financial flexibility and hence this is a firm level factor which affects the company’s capital structuring. Now if one were to only understand financial flexibility, since they don’t have any problem as such in raising capital at any time, the company could raise capital in good times just so as not to strain their flexibilities later on (Chand, 2017). The company furthermore would seek to maintain a higher financial flexibility by having a lower company debt. For instance, the airline industry works this way.
They would generate better cash flow when the time is good; they also make sure they have lower debts so as to put them always in the position of having better financial flexibility. Next to financial flexibility, the management style would also play a critical role on corporate capital structuring. Management might either be less inclined to use debt in order to raise capital usually. However, a management that is more open to cutting it at the edge might use the situation to raise capitals or profits. The aggressive nature of the management would hence decide how they want to plan for earnings per share.
