ABSTRACT
However, interest relation in this cooperation is very important and sensitive. Both the companies raising capitals by issuing bonds and corresponding investors shoulder respective risks. The creditors can help a company and they can also destroy a company. Many companies, especially those small-and-middle-sized companies with large amount of bonds, have suffered little or big bonds crisis when the capital changes of these companies were influenced by the public opinion. The mood fluctuation of creditors can make companies trapped in a dilemma. On the one hand, the running of companies can not be without the support of large amount of money; on the other hand, many creditors may exert pressure on companies. Under such a circumstance, many small-and-middle-sized companies are faced with restructuring, merger and even bankruptcy [3]. Therefore, the planning of the scale of bonds should be cautious and depended on the scale and running of different companies.
