股权融资是公司筹集资金给投资者，以投资者或股东的身份作为融资手段的活动，股权融资是公司筹集长期资金的方式，是股权融资的主要形式，包括发行、配股。股权融资的特点：
负债管理广泛应用于现代企业管理模式中，适度负债管理可以提高资金使用的合理使用效果，创造更多的经济效益。债务融资和股权融资具有不同的性质，特点如下（Fazzari，1988）：
第二，债务融资与财务杠杆。财务杠杆效应是指在债务融资方式时所产生的普通股每股收益变动率大于息税前利润变动率的现象，使用企业。当息税前利润的增长，财务杠杆可以给股东带来更大的利益；当息税前利润下降，财务杠杆可以给股东带来更大的损失。
第三、由于筹集资金的资金不是企业资本资金，债权人不能分享剩余的企业利润，企业管理没有表决权，因此债务融资不会转移公司控制权。第四，债务融资会增加公司的财务风险。债务融资获得的权利仅限于使用资金，而非所有权，使用债务资本成本高昂，公司必须支付利息和偿还到期债务所需的本金。为了获得财务杠杆增加债务，利息费用会增加，当企业陷入困境时，过度负债融资会增加破产的机会。
第二，方便。到银行办理贷款，公司可以直接与银行打交道，条件可以协商，在贷款期限内，如果情况发生变化，公司也可以与银行协商修改贷款额度和条件，这样公司就可以有更方便的银行借款。
第五、银行贷款有更多的限制性条款，限制了企业的生产经营和借款人的作用。为了控制信贷风险，银行通常是借款人贷款公司。
Accounting assignment代写内部融资债务融资
Internal financing.
The company preferstheway of internal financing.This is because internal financing itself has features which make internal financing widely accepted in practices. Internal financing has the following characteristics:
First, because internal financing from the company's own funds, companies being used in a great deal of autonomy, largely unaffected by the impact of the external environment, so the internal financing is with the financing convenience.
Second, the internal financing is based with equity capital, internal financing does not require payment of interest or actual externaldividends. The risk the company unable to pay does not exist, financing risk is low.
Third, the internal financing does not require the use of funds to pay fees directly to the outside, saving the cost of financing.
Fourth, the internal financing from the company's own capital accumulation, is largely affected by the company's profitability, financing may be relatively restricted.
Equity financing.
Equity financing is the activity that company raise funds to investors and gives investors the owner or shareholder status as a means of financing, equity financing is the company to raise long-term funds, and is the main form of equity financing, including issuance, allotment. Equity financing is characterized by:
First, the company's stock is in the duration with time period when the enterprise has always been, and thus through equity financing, the funds raised are permanent, no expiration date, no principal stress, the uselimit of funds is relatively loose.
Second, a large amount of funding.
Third, there is no fixed dividend burden on dividends paid or not and how much to pay, as the company's operations and profit distribution policy may be.
Fourth, to improve the visibility of listed companies, listed companies can bring greater publicity.
Fifth, to issue shares at the expense of the company, the company may lose the company's control.
Sixth, the higher the threshold of stock market, the company needs to pay a higher costs of information.
debt financing .
Debt management is widely used in the modern enterprise management mode, moderate debt management can improve the rational use of effect of the use of the funds raised to create more economic benefits. Debt financing and equity financing has a different nature, characterized as follows (Fazzari,1988):
First, the debt financing with tax-saving functions. From the pre-tax interest on debt payments, may be less subject to income tax.
Second, debt financing with financial leverage. Financial leverage effect refers to enterprises in the use of debt financing mode generated when rates of change in earnings per common share is greater than the rate of change in EBIT phenomenon. When EBIT grows, the financial leverage may give shareholders greater benefit; when EBIT declines financial leverage may give shareholders greater losses.
Third, because the funds raised debt financing is not an enterprise capital funds, the creditor cannot share the remaining corporate profits, there is no voting rights for business management,and so the debt financing will not divert corporate control. Fourth, debt financing will increase the company's financial risks. Debt financing obtained the right to use only funds rather than ownership, the use of debt capital is costly, companies must pay interest and repay the principal debt maturity is required. To acquire financial leverage increases the debt, interest expense will increase, when poor business when excessive debt financing will increase the chance of bankruptcy.
