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1、企业负债经营的问题与对策外文资料翻译TheadvantagesanddisadvantagesofdebtmanagementI.INTRODUCTIONLiabilitiescanraisethemoney.Enterprisesinthecaseofinsufficientfunds,debtmanagementmayusemorepowertoexpandenterprisescaleandeconomicstrength,shorttimetoimprovetheoperationefficiencyofenterprisesandcompetitiveness.
2、Anyaenterprisenotonlyinthecaseofinsufficientfundsneedindebtedness,infundsundertheconditionofrelativelyabundantindebtednessisalsoverynecessary.Evenifanenterpriseinternalcapitalaccumulation,morebyitsowncapitalaloneenterprisescaleandhecanusetheamountofmoneyislimited.Throughresponsiblebusines
3、s,andcontrolcanbeobtainedmoretheamountofcapital.Aslongasreasonableusethesefundsorganizationandcoordination,expandthebusinessscopeofbusinessandthewayofthinking,improvethetechnologyandequipment,reformprocess,theintroductionofadvancedtechnology,updatingequipment,expandthescaleofenterprise,br
4、oadenthescopeofbusiness,improvethequalityoftheenterprise,canstrengthenenterpriseeconomicstrengthandcompetitionability.II.TheadvantagesofdebtmanagementDebtmanagementisacommoditytoacertainstageofeconomicdevelopment.Theinevitableproductofmarketeconomyistheonlywayforthedevelopmentofenterprise
5、s.Enterprisestodevelop,relyingoninternalaccumulationanditsownfundstomeettheneedsofenterprisedevelopment,notonlydoesnotallowtimeandthenumberwouldstillbedifficulttomeetthedemand,itwilllosebusinessopportunitiesandconstraintsoftherapiddevelopmentofenterprises.Rationaluseofdebt,toenablebusines
6、sestoobtainfinancialleverageeffect.Improperusemayincreasetheenterprise’sfinancialrisk,sothatenterprisesinvolvedinfinancialcrises.Taxdebtcanplayarole.Becauseunderthecurrentsystem,thefinancialliabilitiesincludedinthecostofinterest,andbeforethedeductionofincometax,itcangeneratetaxsothatsmall
7、businessincometax,thusincreasingtheequitycapitalgains.Thehigherinterestchargeson,thegreaterthetaxsection,sothatbusinesseswithliabilitiesusingitsownfundsforallbusinessescomparedtothecostincrease,reductioninprofits.Theamountofincometaxbereduced,therebyreducingtheamoun
