In a context of modern capital market, the first issue that must be solved in a firm's equity financing is to determine the systematic risk of equity capital compared with the entire market, and further to obtain the reasonable level of rate of return to
In a context of modern capital market, the first issue that must be solved in a firm's equity financing is to determine the systematic risk of equity capital compared with the entire market, and further to obtain the reasonable level of rate of return to
摘要在现代资本市场条件下，企业股权融资要解决的一个首要问题是确定企业股权资本相对于整个市场的风险水平，进而确定企业应该向股权投资者提供的回报水平。