破产成本 meaning in Chinese
bankruptcy cost
Examples
- We find some evidence suggesting the importance of asymmetric information theory and agency cost theory in explaining the financing choice of our listed corporations
非对称信息理论和破产成本理论对我国上市公司具有较好的解释性。 - The major flaw of modern capital structure theory is that it cannot explain very well many enterprises remain low debt levels when tax benefits is large and bankruptcy costs is small
现代资本结构理论的主要缺陷是无法很好的解释许多企业在税收利益很大、破产成本很小的情况下,仍然保持很低的负债水平。 - Now , in our country , many listed companies prefer to equity financing , which is partly caused by the fact that corporation bonds are of low expectancy of gains and high expectancy of bankruptcy cost in our stock market
股权融资事实上的低成本使得我国上市公司普遍偏好股权融资，而公司债券的低收益预期和高预期破产成本以及普遍存在的投机心理是我国证券市场上投资者选择股票投资的重要原因。 - In this part , the definition and the basic theory of financial lease and the tax policies of foreign financial lease are concisely discussed . first , the theory of tax difference , the theory of debt substitutability , the theory of agency costs and the bankrupt costs as well as the documents reviewed , are made as the theory basis of the paper . secondly , some inspirations have been drawn by reviewing the tax policies of financial lease of the west , from which the paper received some instructive proposes for chinese financial lease
这部分对融资租赁的定义，融资租赁基础理论及国外融资租赁税收政策三个方面做了简要评述，其中， ( 1 )税率差别理论、债务替代理论、代理成本和破产成本理论及对文献的回顾为本论文研究奠定了理论基础； ( 2 )在对欧美西方经济发达国家融资租赁税收政策的简要评述中得到的启示，为本论文研究我国融资租赁相关的税收政策的建议提供了必要的借鉴。 - The research conclusion indicates : the listed companies of china choose equity - financing first , bond - financing second ; in the bond - financing , the companies prefer to current liabilities ; the factors which impact the financing structure are the profit , the growth , the dividend , the equity - structure , the repayment - ability and the bankruptcy - cost . next the author analyses the financing - cost of the listed companies of china
研究结果表明:我国汽车制造业上市公司首选股权融资,其次才是债权融资,在债权融资顺序中,上市公司更加偏好短期负债融资而非长期负债融资;对我国汽车制造业上市公司融资结构的形成具有显著影响的因素主要包括企业利润因素、企业成长因素、股利分配因素、股权结构因素、偿债能力因素和破产成本因素。