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| The Optimization of Capital Structure of Scientific and Technological Enterprises Based on Value Orientation |
| Jin Guirong1,Zhao Chen2 |
1.College of Economics and Management,Tianjin University of Science and Technology,Tianjin 300222,China;
2.North United Power Co.,Ltd.,Hohhot 010020,China |
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Abstract This paper uses enterprise value maximization as the goal of capital structure optimization, and sets the hypothesis that between capital structure and enterprise value there exists opposite U relationship .109 high-tech enterprises are set as samples, and the regression model of enterprise value is built.Then the opposite U relationship is found between capital structure and enterprise value, and it is also concluded that long-term liabilities and enterprise value has positive correlation, and ownership concentration and enterprise value has positive correlation
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Received: 23 December 2015
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2016, Vol. 0 
