How to optimize the asset structure

Optimization method: earnings per share indifference method. Basic principle (train of thought): A reasonable capital structure is a capital structure that can improve earnings per share. Judging capital structure according to earnings per share. Calculation principle (D stands for preferred stock, which is generally assumed to be zero in textbooks, and the preferred stock here is an extension of textbooks).

Formula value analysis method. Choose the most valuable scheme of the company: the company value analysis method is mainly used to adjust the existing capital structure, which is suitable for the optimization analysis of the capital structure of listed companies with large capital scale. At the same time, under the most valuable capital structure, the company's average cost of capital is also the lowest.

Extended data

It is of great significance for enterprises to implement the strategic management of capital structure optimization, so that enterprises can establish a modern enterprise system with clear property rights, clear rights and responsibilities and scientific management in the process of capital structure optimization, and optimize the formation of corporate governance structure on the basis of clear property rights.

For the listed companies of joint-stock enterprises, it is also very important to establish a reasonable corporate governance structure, make the restraint and incentive mechanism play an effective role, and promote the maximization of enterprise value, which is also very important for the development and improvement of China's just-started capital market.

Baidu Encyclopedia-Asset Structure Optimization