A new classical framework to analyze decision-making on enterprise´s capital structure

This paper applies an inframarginal analysis of new classical economics thinking to study on the capital structure choice of enterprises. The study finds that the optimal capital structure of an enterprise is a game equilibrium of the interaction among capital structure decisions of individual (such as entrepreneur, investors, employees, professional managers and consumers). The capital structure decisions of Individuals and corporate are an instantaneous optimal decision-making equilibrium.