The theory put stress on the creditor of the balance sheet. It was composed of Commercial Loan Theory, Shiftability Theory, Anticipated Income Theory and Asset structure Theory, etc.

• 该理论又包括商业贷款理论(Commercial Loan Theory)、可转换理论(The Shiftability Theory)、预期收入理论(The Anticipated Income Theory)、资产结构理论(The asset Structure Theory)等。