| By studying the theory of enterprise's financing and the analysis of situation of the electric power industry,this paper analyses the financing efficiency of equity financing and liability financing of electric power enterprises from the five respects: cost of capital,capital utilization efficiency,financial lever and financial risk,capital structure,corporation governance. Based on the influence of enterprise's risk factor on enterprise's policymaker,this paper puts forward the risk-utility model which was used in deciding the capital structure of electric power enterprises and which has been carried on instance application 。Secondly , Given the instance of financing, this paper provides comprehensive evaluation for five financing methods most probably adopted by electric power enterprises. Finally,on the basis of analysis of financial efficiency of electric power enterprises,this paper offers suggestion to improve financing efficiency for electric power enterprises. |
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