external financing
2.From the view of the relationship between financial structure and enterprise governance structure, the enterprise governance structure is the image of the enterprise financial structure, the financial structure is the basement of the enterprise governance structure, the debt financing has more positive encourage mechanism and less moral risk, the rational external financing sequence is debt financingequity financing.
3.The financing-motivated takeovers allow the disfavored non-listed companies to circumvent the state monopolistic control over the financial system and capitalize on the privilege of listed companies in raising external finance.
4.The practice is emerging as a vehicle for financing capital projects and production-sharing ventures, for ensuring the repatriation of profits from investments in countries beset by external debt and hard currency shortages, and for competitive bidding on major nonmilitary government procurements.
