Research on Cash Flow Incurrence-effect Incurred by Optimization of Firm Asset Structure

Abstract

Abstract-In this paper, cash flow incurrence-effect incurred by optimization of firm asset structure has been studied by Stacerberg Model. It has been shown in the game model that the company's capital structure optimization takes on income effect in oligopoly market, while capital effect in the perfectly competitive market. As market competition intensifies, incurrence-effect takes on the trend of transformation from income effect to capital effect.