The phenomenon of“debt management”was common in the development of modern Chinese enterprises.The enterprises got fixed assets by raising capital,and borrow funds to obtain circulating capital.It was normal that corporate liabilities approached or exceed their own capital.The emergence of this phenomenon was related to factors that modern China were in the period of economic structural transformation,and there was little understanding of the new-type enterprises in the society,which made it difficult to raise capital.Also,the phenomenon was r...
