Abstract
The relationship between the corporate investment and financing decisions is one of the important issues in the corporate finance theory. This paper aimed at how managers develop reasonable investment and financing strategies to maximize the corporate profits. We construct a constrained optimization model as a decision tool for optimal investment strategies and optimal capital structure. A risk constraint based on VaR and CVaR is introduced in this paper, which can reflect the corporate financial risks more intuitively and reasonably than traditional methods.
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