Financial Aspects Of Research On Corporate Balance-sheet Financing

The subject discussed in this thesis is mainly about the interactions among the financial relationship, the financial ratios,the cost, the risk and the off-balance-sheet financing in the process of making an off-balance-sheet financing decision for the enterprises and how these factors influence the decision-making activity of the enterprises.The questions discussed in the thesis mainly are:What is the off-balance-sheet financing; what are the backgrounds and the springhead that give birth to the off-balance-sheet financing; what are the main forms of off-balance-sheet financing widely used today; when making the off-balance-sheet financing decision, what are the factors that should be taken into consideration; what are the interests conflicts caused by the off-balance-sheet financing among stockholders, managers, creditors and other interest-related somebody; what are the influences that the off-balance-sheet financing have on the financial ratios; and how the cost and risk factors influence the off-balance-sheet financing decision.Five chapters are organized for the research on the thesis:Chapter one: Cognize the off-balance-sheet financing through the Enron Incident. The Enron Incident is taken as a classical case to give an impression in whole that what the off-balance-sheet financing is. The Enron Incident has had huge influence on the global economic market. Furthermore, it's Enron who made the unacquainted term"off-balance-sheet financing"world-widely famous. For that reason, it's necessary to review the typical case before beginning the research on the off-balance-sheet financing. Content of this chapter is about: how about the developing history of Enron and how did it go step by step to the bankruptcy; which factors played the main role in this incident; what kind...