Analysis of conflicts and countermeasures of debt financing between listed companies and banks: Based on paradigm of the game equilibrium analysis

摘要

The asset-liability ratio level of most companies in China is on the high side, even the companies with very excellent capital structure, they have higher asset-liability ratio level than their foreign counterparts. In view of bank loans is still the mainly debt financing ways of company in China, this article study the conflicts and countermeasures of debt financing between the listed companies and banks by constructing game models, in order to get a Nash equilibrium of monetary capital allocation.