摘 要
资金成本是财务管理中一个十分重要的概念，资金成本的高低、管理是否科学，对企业的经营决策、经济效益乃至生存发展，有着重大影响。然而，现实中有些企业不重视资金成本的管理，造成了巨大的成本负担，导致企业经济效益低下，不仅不能拓宽资本市场，而且还影响了企业竞争力。资金成本是企业筹资决策和投资决策的主要依据，只有当投资项目的投资回报率高于资金成本，资金的筹集和使用有利于提高企业的价值，才能实现企业利润目标。在市场经济条件下，企业融资和投资决策，必须充分考虑资金成本因素，认真分析和评估的资金成本，合理安排不同的资金，优化资本结构，这样才能减少金融风险，实现持续、稳定的发展目标。
关键词：资金成本；财务决策；应用
Abstract
the capital cost is in the financial management in a very important concept, capital cost of high and low, the size of the risk, and whether the management science, to the enterprise management decision and economic benefit to the survival and development, has a major effect. However, in the reality some enterprise does not value capital cost management, resulting in huge cost burden, cause the enterprise economic benefit is low, not only can’t broaden capital market, but also affected the enterprise competitiveness. The cost of capital is the enterprise financing decision, the investment decision-making of the main basis, only when the investment return on investment higher than the cost of capital, capital raising and use to improve the value of the firm, the realization enterprise profit target. Under the conditions of market economy, enterprises financing and investment decisions, and fully consider capital cost factors, careful analysis and evaluation of the capital cost, reasonable arrangement of different money, optimize capital structure, so as to reduce the financial risks, and achieve sustainable, stable development goals.
Keywords: capital cost； Financial decision-making；application
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