{"id":30467,"date":"2023-12-07T09:18:57","date_gmt":"2023-12-07T09:18:57","guid":{"rendered":"https:\/\/masterskills.org\/blog\/co-cau-von-phuc-hop-complex-capital-structure-la-gi.html"},"modified":"2023-12-23T06:13:19","modified_gmt":"2023-12-22T23:13:19","slug":"co-cau-von-phuc-hop-complex-capital-structure-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/co-cau-von-phuc-hop-complex-capital-structure-la-gi.html","title":{"rendered":"C\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p (Complex Capital Structure) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda<\/i><\/p>\n<\/figcaption><\/figure>\n

C\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p<\/font><\/h2>\n

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

C\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p <\/b>trong ti\u1ebfng Anh l\u00e0 Complex Capital Structure.<\/b><\/p>\n

C\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p<\/i>\u00a0l\u00e0 c\u01a1 c\u1ea5u v\u1ed1n trong \u0111\u00f3 c\u00f3 m\u1ed9t s\u1ed1 lo\u1ea1i tr\u00e1i phi\u1ebfu, c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i ho\u1eb7c ch\u1ee9ng kho\u00e1n c\u00f3 th\u1ec3 chuy\u1ec3n \u0111\u1ed5i th\u00e0nh c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng.<\/p>\n

(Theo: playaccounting.com<\/i>)<\/p>\n

Doanh nghi\u1ec7p c\u00f3 c\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p<\/i> c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng nhi\u1ec1u lo\u1ea1i ch\u1ee9ng kho\u00e1n kh\u00e1c nhau, thay v\u00ec ch\u1ec9 ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng. Doanh nghi\u1ec7p ph\u00e1t h\u00e0nh\u00a0nhi\u1ec1u lo\u1ea1i c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng kh\u00e1c nhau, m\u1ed7i lo\u1ea1i c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft v\u00e0 t\u1ec9 l\u1ec7 c\u1ed5 t\u1ee9c ri\u00eang bi\u1ec7t c\u0169ng \u0111\u01b0\u1ee3c coi l\u00e0 c\u00f3 c\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p.<\/i><\/p>\n

V\u00ed d\u1ee5, m\u1ed9t c\u00f4ng ty c\u00f3 c\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p<\/i> c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u1ea3 c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng lo\u1ea1i A, lo\u1ea1i B v\u00e0 c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i, c\u0169ng nh\u01b0 c\u1ea3\u00a0tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 mua l\u1ea1i\u00a0v\u00e0 tr\u00e1i phi\u1ebfu kh\u00f4ng th\u1ec3 mua l\u1ea1i.<\/p>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 c\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p<\/font><\/h3>\n

Nhi\u1ec1u doanh nghi\u1ec7p ph\u00e1t h\u00e0nh c\u00e1c lo\u1ea1i ch\u1ee9ng kho\u00e1n kh\u00e1c nhau, coi \u0111\u00f3 l\u00e0 bi\u1ec7n ph\u00e1p \u0111\u1ec3 thu h\u00fat nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 h\u01a1n, \u0111\u1ec3 c\u00f3 th\u1ec3 ph\u00f9 h\u1ee3p v\u1edbi nhu c\u1ea7u v\u00e0 t\u00ednh kh\u00ed c\u1ee7a nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c nhau.\u00a0<\/p>\n

H\u01a1n n\u1eefa, vi\u1ec7c \u0111a d\u1ea1ng h\u00f3a nhi\u1ec1u lo\u1ea1i c\u1ed5 phi\u1ebfu cho ph\u00e9p doanh nghi\u1ec7p ti\u1ebfp c\u1eadn c\u00e1c th\u1ecb tr\u01b0\u1eddng c\u00f3 t\u00ednh linh ho\u1ea1t cao h\u01a1n so v\u1edbi nh\u1eefng th\u1ecb tr\u01b0\u1eddng ch\u1ec9 giao d\u1ecbch c\u1ed5 phi\u1ebfu v\u00e0 quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu.\u00a0<\/p>\n

M\u1ed7i lo\u1ea1i ch\u1ee9ng kho\u00e1n m\u00e0 m\u1ed9t c\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p<\/i> cung c\u1ea5p \u0111i k\u00e8m v\u1edbi \u0111i\u1ec1u ki\u1ec7n kinh t\u1ebf v\u00e0 quy\u1ec1n ki\u1ec3m so\u00e1t ri\u00eang bi\u1ec7t. M\u1ed9t c\u00e1ch r\u00f5 r\u00e0ng: nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i th\u01b0\u1eddng c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft l\u1edbn h\u01a1n so v\u1edbi ng\u01b0\u1eddi n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng.\u00a0<\/p>\n

Trong m\u1ecdi tr\u01b0\u1eddng h\u1ee3p, c\u00e1c lo\u1ea1i ch\u1ee9ng kho\u00e1n h\u1ed7n h\u1ee3p do <\/i>c\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p<\/i> cung c\u1ea5p th\u01b0\u1eddng \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 “ch\u1ee9ng kho\u00e1n pha lo\u00e3ng”, v\u00ec vi\u1ec7c ph\u00e2n ph\u1ed1i ch\u00fang th\u01b0\u1eddng g\u00f3p ph\u1ea7n l\u00e0m gi\u1ea3m EPS c\u1ee7a c\u00f4ng ty. M\u1ee9c gi\u1ea3m ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o t\u1ec9 l\u1ec7 pha lo\u00e3ng, t\u00f9y theo t\u1eebng tr\u01b0\u1eddng h\u1ee3p.<\/p>\n

\u01afu \u0111i\u1ec3m c\u1ee7a ch\u1ee9ng kho\u00e1n ph\u1ee9c h\u1ee3p<\/font><\/h4>\n

Ch\u1ee9ng kho\u00e1n ph\u1ee9c h\u1ee3p kh\u00f4ng ch\u1ec9 d\u00e0nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00ean ngo\u00e0i. Tr\u00ean th\u1ef1c t\u1ebf, v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh nh\u1ea5t v\u1ec1 ch\u1ee9ng kho\u00e1n pha lo\u00e3ng l\u00e0 quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c tr\u1ea3 cho c\u00e1c gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh.\u00a0<\/p>\n

C\u00e1c c\u00f4ng ty th\u01b0\u1eddng tr\u1ea3 c\u00f4ng cho c\u00e1c gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh b\u1eb1ng ti\u1ec1n l\u01b0\u01a1ng th\u01b0\u1edfng k\u1ebft h\u1ee3p v\u1edbi quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu. Nh\u1edd v\u1eady, h\u1ecd c\u00f3 quy\u1ec1n mua c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng m\u1edbi ph\u00e1t h\u00e0nh v\u1edbi m\u1ee9c gi\u00e1 \u0111\u01b0\u1ee3c qui \u0111\u1ecbnh s\u1eb5n trong m\u1ed9t kho\u1ea3ng th\u1eddi gian nh\u1ea5t \u0111\u1ecbnh.<\/p>\n

M\u1ed9t gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n l\u1ef1a ch\u1ecdn c\u1ee7a m\u00ecnh b\u1ea5t c\u1ee9 khi n\u00e0o anh ta ho\u1eb7c c\u00f4 ta mu\u1ed1n trong kho\u1ea3ng th\u1eddi gian cho ph\u00e9p, ho\u1eb7c anh ta\/ c\u00f4 ta c\u00f3 th\u1ec3 t\u1eeb ch\u1ed1i th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn. H\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb v\u00e0 c\u00e1c c\u1ed5 \u0111\u00f4ng ph\u1ed5 th\u00f4ng hi\u1ec7n t\u1ea1i kh\u00f4ng c\u00f3 quy\u1ec1n quy\u1ebft \u0111\u1ecbnh khi n\u00e0o h\u1ecd th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn.<\/p>\n

Cu\u1ed1i c\u00f9ng, doanh nghi\u1ec7p \u0111\u01b0\u1ee3c coi l\u00e0 c\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p<\/b> c\u00f3 quy\u1ec1n t\u0103ng t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng c\u1ee7a h\u1ecd v\u00e0o b\u1ea5t c\u1ee9 l\u00fac n\u00e0o t\u00f9y \u00fd, m\u00e0 kh\u00f4ng c\u1ea7n s\u1ef1 ch\u1ea5p thu\u1eadn ho\u1eb7c ch\u1ec9 \u0111\u1ea1o c\u1ee7a h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb. \u0110i\u1ec1u n\u00e0y kh\u00e1c v\u1edbi doanh nghi\u1ec7p c\u00f3 c\u1ea5u tr\u00fac v\u1ed1n \u0111\u01a1n gi\u1ea3n, ch\u1ec9 c\u00f3 th\u1ec3 t\u0103ng s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng theo ngh\u1ecb \u0111\u1ecbnh c\u1ee7a h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb.<\/p>\n

(Theo: Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n C\u01a1 c\u1ea5u v\u1ed1n ph\u1ee9c h\u1ee3p (ti\u1ebfng Anh: Complex Capital Structure) l\u00e0 c\u01a1 c\u1ea5u v\u1ed1n c\u1ee7a m\u1ed9t doanh nghi\u1ec7p s\u1eed d\u1ee5ng c\u00e1c lo\u1ea1i ch\u1ee9ng kho\u00e1n kh\u00e1c nhau thay v\u00ec ch\u1ec9 d\u1ef1a v\u00e0o m\u1ed9t lo\u1ea1i c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30467"}],"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=30467"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30467\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}