Economic uncertainty and optimal corporate assets structure

The two parts of macroeconomic uncertainty are real economic uncertainty and economic policy uncertainty. Besides economic policy uncertainty in the proportion of the uncertainty of the economy is more and more higher, especially in China. This paper describes the real economic uncertainty and economic policy uncertainty faced by companies by using compound stochastic processes including Wiener process and Poisson process. This paper establishes a stochastic optimal control model which can describe macroeconomic uncertainty to analyze the nature of the optimal assets structure. Based on this, the optimal assets structure strategies under different expectations are put forward. This paper provides a theoretical basis for a large number of empirical studies on how macro-economy affects corporate decision-making.