摘要:在如今這個互聯網遍布全球，信息技術飛速發展的年代，“資金成本”作為企業成本管理中最基礎也是相當重要的組成部分，越來越受到企業的青睞和重視。隨著我國對外開放規模的不斷擴大，外資企業的不斷涌入，企業在發展中遇到更多更好機遇的同時，在資金成本管理方面的挑戰也愈來愈激烈。

　　　本文采用實證分析法等研究方法，以企業資金成本管理基本理論為基礎，以徐州派特控制技術有限公司為研究對象，分析了該企業的資金成本管理現狀，從企業自身，銀行等金融機構和政府三方面著手，從發現的問題出發，提出了解決該企業資金成本管理問題的優化措施。本文認為企業最重要的還是要學會運用資金成本管理方法，知道如何利用財務杠桿以及如何選擇最佳資本結構來權衡財務收益與財務風險之間的關系，從而有效的降低企業的資金成本。

關鍵詞 資金成本；資本結構；財務杠桿

Abstract:Nowadays,in this era with the rapid development of information technology and the Internet all over the world,as the foundation and quite important part of the enterprise cost management,the cost of capital is becoming more favor and attention by enterprises.With the opening-door lever rising ceaselessly in China plus the continuous influx of foreign enterprises,which brings more and better opportunities to the development of enterprises,also brings more challenge at the same time in the management of the captical cost.

　　　Based on the enterprise management of the capital cost theory as the foundation, taking the PAT Control Technology company of limited liability in Xuzhou as the research object, this paper adopts the empirical analysis method and so on to analyse the present situation of management of the capital cost in it. From the enterprises, banks and other financial institutions and the government three aspects, based on the problems discovered, this paper puts forward the optimization measures to solve the management of the capital cost problems. This paper argues that in order to effectively reduce the cost of capital of enterprises,the most important thing in the enterprise is to learn how to use the management of the capital cost method, how to use financial leverage ,and how to choose the best capital structure to balance the relationship between the financial revenue and the financial risk.

Keywords  Cost of capital  Capital structure  Financial leverage