The article analyzes the production and causes of bankruptcy cost and explores distorted actions in agent cost and harmfulness of creditors on shareholders.
本文对财务危机成本的产生和起因进行了分析，并对代理成本中企业扭曲行为的类型及对债权人和股东的危害进行了探讨。
While, company's performance has a counteractive to the capital structure because of the imperfect of the market, tax, bankruptcy cost and information asymmetry.
与此同时，由于市场是不完美的，税收、破产成本和信息不对称等因素将使公司绩效对资本结构产生反作用。
According to the capital structure theory of financial bankruptcy cost, the debts bring out negative efficiency when debts come to a certain ratio since the financial bankruptcy increases.
根据财务危机成本的资本结构理论，当负债达到一定比例后，由于财务风险的增加，负债对企业价值产生负效应。
According to MM theory with bankruptcy cost and tax, capital adequacy regulations are fully effective only if the capital ratio stipulated by management and optimal capital structure is consistent.
按照存在破产成本和税收情况下的MM理论分析，只有管理当局确定的资本比率和银行最佳资本结构一致时，资本充足性管制才是完全有效的。
Not only had the project cost far more than it was supposed to, but a city spiraling toward bankruptcy didn't exactly need millions more square feet of office space.
不仅项目成本远超过预算，而且一个成螺旋式状接近破产的城市并不需要更多的百万平方英尺的办公室空间。
The cost of health care causes bankruptcy every 30 seconds.
医疗方面支出每30秒导致一例破产.(注 应该指个人破产)
GM says failure to achieve significant cost savings would force it into bankruptcy.
通用表示，若无法大幅削减成本将不得不宣告破产。
According to modern Capital Structure Theory, there is a reasonable range for Capital Structure in a company, which is decided by the compromise of tax, cost of bankruptcy and dealership, etc.
根据现代资本结构理论，公司事实上存在着资本结构的合理区间，该区间取决于税收、破产成本、代理成本等多方面因素的权衡结果。
When the off-set tax is equal to the cost of bankruptcy, the optimum capital structure point is reached.
而抵税收益与破产成本两者相同时，则达到了企业的最佳资本结构点。
Several papers argue that franchise value works to reduce the moral hazard problem by increasing the cost of bankruptcy, so it acts as a disciplinary device against risk-taking.
许多研究文献证明：特许权价值能通过提高银行破产成本从而降低道德风险，因而其发挥着银行风险自律器的作用。
"If they seek bankruptcy protection," he says, "they would be able to cut cost, reorganize and become competitive again."
他说，如果他们想要避免破产，他们可以降低成本，重组公司，重新形成他们的竞争力。
"If they seek bankruptcy protection," he says, "they would be able to cut cost, reorganize and become competitive again."
他说，如果他们想要避免破产，他们可以降低成本，重组公司，重新形成他们的竞争力。
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