Optimal Capital Structure Decision-making under Benefits,Opportunities,Costs,and Risks

摘要

Over the past decades,the complexity of financial decisions has increased rapidly.Thus,in order to help firms to make financing capital structure decision-making more efficient and precise,developing and implementing sophisticated quantitative analysis methodologies have become a critical issue.One of these useful techniques is analytic hierarchy process (AHP) associated with benefits,opportunities,costs and risks (BOCR).The paper first analyzes critical factors of financial capital structure,and then AHP with BOCR is applied to help firms to make financial structure decision-making.