管理工程学报
管理工程學報
관리공정학보
Journal of Industrial Engineering and Engineering Management
2008年
1期
29~33
,共null页
不确定性 战略性债务融资 古诺竞争 互动
不確定性 戰略性債務融資 古諾競爭 互動
불학정성 전략성채무융자 고낙경쟁 호동
uncertainty;strategic debt financing;cournot competition;interaction
本文通过构建一个两阶段的博弈模型,考虑不确定环境下企业的产品市场竞争策略和资本市场上债务融资策略之间的内在战略关系,并在战略性债务融资的框架下,分析了市场进入中企业的竞争策略与融资策略的选择,得出二者之间存在双向互动关系的结论。
本文通過構建一箇兩階段的博弈模型,攷慮不確定環境下企業的產品市場競爭策略和資本市場上債務融資策略之間的內在戰略關繫,併在戰略性債務融資的框架下,分析瞭市場進入中企業的競爭策略與融資策略的選擇,得齣二者之間存在雙嚮互動關繫的結論。
본문통과구건일개량계단적박혁모형,고필불학정배경하기업적산품시장경쟁책략화자본시장상채무융자책략지간적내재전략관계,병재전략성채무융자적광가하,분석료시장진입중기업적경쟁책략여융자책략적선택,득출이자지간존재쌍향호동관계적결론。
The article builds a two-stage game model to focus on the inherent strategic relation between enterprise＇s product market competition strategy and debt financing strategy in the capital market under uncertainty environment,and analyzes enterprise＇s competition strategy and debt financing strategy during market entry in the framework of the effect of strategic debt financing,the conclusion on the bi-directional interaction relation between two strategies is drawn.
