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“杠杆”作为经济学名词是指通过借贷以较小规模的自有资金撬动大量资金,扩大经营规模。合理运用杠杆原理,有助于企业合理规避风险,提高资金营运效率。当资本市场向好时,这种模式带来的高收益使人们忽视了高风险的存在,等到资本市场开始走下坡路时,杠杆效应的负面作用开始凸显,风险被迅速放大。对于杠杆使用过度的企业和机构来说,
“Leverage ” as an economic term refers to leveraging large amounts of funds through lending to small-scale own funds to expand the scale of operation. Rational use of the principle of leverage can help enterprises to properly avoid risks and improve the efficiency of capital operation. When the capital market is getting better, the high returns brought by this model make people ignore the high risk. When the capital market starts to decline, the negative effect of the leverage effect begins to highlight and the risk is rapidly amplified. For leveraged enterprises and institutions,