CAJ | 학술논문

从高管团队的学历、专业背景和年龄三个方面来描述企业高管的背景特征，分析高管背景特征与企业债务融资结构和债务期限结构的关系。研究发现：高管在学历、专业和年龄方面的不同导致了不同的债务融资决策。
종고관단대적학력、전업배경화년령삼개방면래묘술기업고관적배경특정，분석고관배경특정여기업채무융자결구화채무기한결구적관계。연구발현：고관재학력、전업화년령방면적불동도치료불동적채무융자결책。
The paper describes the background characteristics of executives enterprises from three aspects： education history, pro- fessional background and age, in order to analyze the relationship the executives background characteristics have with debt financing struture and debt maturity structure. The study reveals that the differences of the executives in education history, professional back- ground and age lead to different debt financing decision. The study made here is based on the samples of 2492 small and medium-sized private enterprises listed in Shanghai and Shenzhen stock exchange.