债权融资

Today equipment is financed equipment leasing than by bank loans or any other method of financing.

而在今日，租赁融资方式已超过传统的向银行借贷的债权融资方式，或任何其他的融资方式。

firm is the nexus of a set of incomplete contracts , and the financing contracts are fundamental to the system.

企业是一系列契约的有机组合，不完备的股权和债权融资契约在企业契约体系中处于基础地位。

Companies are increasingly looking to raise funds through equity issues instead of debt and conserve cash by scaling down on share buybacks.

企业正更多地寻求通过股权融资、而非债权融资来筹集资金，同时削减股票回购规模以保存现金。

Viewed from the capital structure, Chinese corporations rely heavily on stock financing rather than credit financing .

从资本结构上看，企业融资过度依赖于股权融资，而忽略了债权融资；

The second part is about the evaluation to general financing effect including both equity financing and debt financing.

第二部分是包括股权融资和债权融资在内的总体融资活动的效果评价。