| 1. | Section 5 bankruptcy costs and common debts
第五节破产费用和共益债务 |
| 2. | Article 48 bankruptcy costs and common debts shall be paid off from the debtors property at any time
第四十八条破产费用和共益债务由债务人的财产随时清偿。 |
| 3. | Article 46 the following costs which happen after the peoples court accepts the bankruptcy case are bankruptcy costs
第四十六条人民法院受理破产案件后发生的下列各项费用，为破产费用： |
| 4. | Article 142 bankruptcy property shall liquidate according to the following sequence after paying off in prior the bankruptcy costs and common debts
第一百四十二条破产财产优先清偿破产费用和共益债务后，依照下列顺序清偿： |
| 5. | Where the debtors property is insufficient to pay for bankruptcy costs or common debts , the manager and liquidator shall suggest the peoples court to conclude the bankruptcy case
债务人的财产不足以支付破产费用或者共益债务的，管理人破产清算人应当提请人民法院终结破产案件。 |
| 6. | 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。 |
| 7. | 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。 |
| 8. | By relaxing the main assumptions in the mm theorem and introducing such variables as taxation , bankruptcy cost , asymmetric information , agency cost and transaction cost , this paper proves that in real economic situations , capital structure influences corporate value through three channels , namely tax avoidance effect corporate governance mechanism and signal mechanism
摘要放宽mm定理中的主要假设条件，引入税收、破产成本、不对称信息、代理成本、交易成本等变量，由此证明了现实经济环境中资本结构通过避税效应、公司治理机制和信号机制三条途径影响公司价值。 |
