{"id":27516,"date":"2023-12-07T04:36:19","date_gmt":"2023-12-07T04:36:19","guid":{"rendered":"https:\/\/masterskills.org\/blog\/co-cau-von-toi-uu-optimum-capital-structure-la-gi.html"},"modified":"2023-12-22T16:49:56","modified_gmt":"2023-12-22T09:49:56","slug":"co-cau-von-toi-uu-optimum-capital-structure-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/co-cau-von-toi-uu-optimum-capital-structure-la-gi.html","title":{"rendered":"C\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u (Optimum capital structure) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda (Ngu\u1ed3n: Policyprescriptions)<\/p>\n<\/figcaption><\/figure>\n

C\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

C\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u<\/b> trong ti\u1ebfng Anh g\u1ecdi l\u00e0: Optimum capital structure.<\/b><\/p>\n

C\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u<\/b> l\u00e0 c\u01a1 c\u1ea5u v\u1ed1n c\u00e2n \u0111\u1ed1i \u0111\u01b0\u1ee3c gi\u1eefa r\u1ee7i ro v\u00e0 l\u1ee3i nhu\u1eadn, do \u0111\u00f3 t\u1ed1i \u0111a h\u00f3a \u0111\u01b0\u1ee3c gi\u00e1 c\u1ea3 c\u1ed5 phi\u1ebfu c\u00f4ng ty. Nh\u00e0 qu\u1ea3n tr\u1ecb t\u00e0i ch\u00ednh doanh nghi\u1ec7p c\u00f3 th\u1ec3 thi\u1ebft l\u1eadp m\u1ed9t c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u d\u1ef1a tr\u00ean c\u01a1 s\u1edf \u0111\u1ecbnh t\u00ednh v\u00e0 \u0111\u1ecbnh l\u01b0\u1ee3ng nh\u1eefng nh\u00e2n t\u1ed1 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn c\u01a1 c\u1ea5u v\u1ed1n c\u1ee7a doanh nghi\u1ec7p. <\/p>\n

M\u1ed9t c\u01a1 c\u1ea5u v\u1ed1n \u0111\u01b0\u1ee3c coi l\u00e0 t\u1ed1i \u01b0u khi chi ph\u00ed v\u1ed1n th\u1ea5p nh\u1ea5t, \u0111\u1ed3ng th\u1eddi khi \u0111\u00f3, gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu c\u1ee7a doanh nghi\u1ec7p c\u0169ng l\u00e0 cao nh\u1ea5t. Nh\u01b0 v\u1eady, c\u00f3 hai c\u0103n c\u1ee9 \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u c\u1ee7a doanh nghi\u1ec7p, \u0111\u00f3 l\u00e0 chi ph\u00ed v\u1ed1n v\u00e0 gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u1ee7a c\u1ed5 phi\u1ebfu. <\/p>\n

Tuy nhi\u00ean, gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u1ee7a c\u1ed5 phi\u1ebfu l\u00e0 ti\u00eau ch\u00ed mang t\u00ednh kh\u00e1ch quan, kh\u00f4ng ph\u1ea3i ch\u1ec9 do nh\u1eefng nh\u00e2n t\u1ed1 n\u1ed9i t\u1ea1i c\u1ee7a ch\u00ednh s\u00e1ch qu\u1ea3n l\u00ed v\u1ed1n c\u1ee7a doanh nghi\u1ec7p quy\u1ebft \u0111\u1ecbnh. <\/p>\n

Gi\u00e1 c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 l\u00e0 cao nh\u1ea5t nh\u01b0ng kh\u00f4ng ph\u1ea3i v\u00ec c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u m\u00e0 v\u00ec m\u1ed9t y\u1ebfu t\u1ed1 kh\u00e1ch quan n\u00e0o \u0111\u00f3 t\u00e1c \u0111\u1ed9ng. Chi ph\u00ed v\u1ed1n th\u1ea5p nh\u1ea5t s\u1ebd d\u1eabn \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng l\u00e0 cao nh\u1ea5t.<\/p>\n

Do v\u1eady, thi\u1ebft l\u1eadp c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u s\u1ebd d\u1ef1a tr\u00ean c\u01a1 s\u1edf x\u00e1c \u0111\u1ecbnh chi ph\u00ed v\u1ed1n th\u1ea5p nh\u1ea5t. Tuy nhi\u00ean, c\u00e1c doanh nghi\u1ec7p kh\u00f4ng th\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c \u0111i\u1ec3m c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u m\u00e0 ch\u1ec9 c\u00f3 th\u1ec3 ti\u1ebfn g\u1ea7n t\u1edbi \u0111i\u1ec3m c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u \u0111\u00f3. <\/p>\n

V\u00ec th\u1ebf d\u1ef1a tr\u00ean ph\u00e2n t\u00edch th\u1ed1ng k\u00ea c\u00e1c m\u00f4 h\u00ecnh kinh t\u1ebf l\u01b0\u1ee3ng th\u01b0\u1eddng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 xem x\u00e9t c\u00e1c nh\u00e2n t\u1ed1 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn c\u01a1 c\u1ea5u v\u1ed1n c\u1ee7a doanh nghi\u1ec7p. Nh\u1edd \u0111\u00f3 gi\u00fap doanh nghi\u1ec7p s\u1ebd x\u00e1c \u0111\u1ecbnh \u0111\u01b0\u1ee3c m\u1ed1i quan h\u1ec7 v\u00e0 m\u1ee9c \u0111\u1ed9 \u1ea3nh h\u01b0\u1edfng c\u1ee7a c\u00e1c nh\u00e2n t\u1ed1 n\u00e0y \u0111\u1ebfn c\u01a1 c\u1ea5u v\u1ed1n. <\/p>\n

Ch\u1eebng n\u00e0o c\u01a1 c\u1ea5u v\u1ed1n c\u1ee7a doanh nghi\u1ec7p ch\u01b0a \u0111\u1ea1t \u0111\u1ebfn m\u1ee9c t\u1ed1i \u01b0u, doanh nghi\u1ec7p c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c s\u1eed d\u1ee5ng th\u00eam n\u1ee3. Ng\u01b0\u1ee3c l\u1ea1i, khi c\u01a1 c\u1ea5u v\u1ed1n c\u1ee7a doanh nghi\u1ec7p \u0111\u00e3 v\u01b0\u1ee3t qu\u00e1 \u0111i\u1ec3m t\u1ed1i \u01b0u, vi\u1ec7c s\u1eed d\u1ee5ng th\u00eam n\u1ee3 s\u1ebd b\u1ea5t l\u1ee3i \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p.<\/p>\n

Nh\u01b0 v\u1eady, c\u00f3 th\u1ec3 th\u1ea5y, vi\u1ec7c thi\u1ebft l\u1eadp c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u l\u00e0 n\u1ed9i dung quan tr\u1ecdng trong ch\u00ednh s\u00e1ch qu\u1ea3n l\u00ed v\u1ed1n c\u1ee7a m\u1ed9t doanh nghi\u1ec7p. B\u1ea5t k\u00ec doanh nghi\u1ec7p n\u00e0o khi x\u00e2y d\u1ef1ng ch\u00ednh s\u00e1ch qu\u1ea3n l\u00ed v\u1ed1n c\u0169ng nh\u1eb1m v\u00e0o ba m\u1ee5c ti\u00eau:<\/p>\n

– Huy \u0111\u1ed9ng \u0111\u01b0\u1ee3c v\u1ed1n v\u1edbi qui m\u00f4 t\u1ed1i \u0111a<\/p>\n

– X\u00e1c \u0111\u1ecbnh c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u<\/p>\n

– Duy tr\u00ec \u0111\u01b0\u1ee3c c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u<\/p>\n

C\u1ea3 ba m\u1ee5c ti\u00eau tr\u00ean \u0111\u1ec1u h\u01b0\u1edbng t\u1edbi m\u1ee5c ti\u00eau cu\u1ed1i c\u00f9ng l\u00e0 x\u00e2y d\u1ef1ng, \u0111\u1ea3m b\u1ea3o m\u1ed9t c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u v\u1ec1 qui m\u00f4 v\u00e0 chi ph\u00ed. C\u00f3 nh\u01b0 v\u1eady, doanh nghi\u1ec7p m\u1edbi c\u00f3 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3 v\u00e0 \u0111a d\u1ea1ng, s\u1eed d\u1ee5ng c\u00f3 hi\u1ec7u qu\u1ea3 v\u1ed1n huy \u0111\u1ed9ng.<\/p>\n

(T\u00e0i li\u1ec7u tham kh\u1ea3o: Thi\u1ebft l\u1eadp c\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u c\u00e1c doanh nghi\u1ec7p Vi\u1ec7t Nam, ThS. \u0110\u01b0\u1eddng Th\u1ecb Thanh H\u1ea3i, T\u1ea1p ch\u00ed C\u00f4ng th\u01b0\u01a1ng, )<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n C\u01a1 c\u1ea5u v\u1ed1n t\u1ed1i \u01b0u (ti\u1ebfng Anh: Optimum capital structure) l\u00e0 c\u01a1 c\u1ea5u v\u1ed1n c\u00e2n \u0111\u1ed1i \u0111\u01b0\u1ee3c gi\u1eefa r\u1ee7i ro v\u00e0 l\u1ee3i nhu\u1eadn.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[416],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/27516"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=27516"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/27516\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=27516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=27516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=27516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}