Starting from transaction costs and management costs and with the help of the equilibrium model, this paper makes exploration of moderate scope of enterprise merger.

从交易成本和管理成本入手，借助于这二者的均衡模型，对并购企业适度规模进行了探讨。

youdao

Ship management companies that build long-term client relationships will ensure client retention, reduce transaction costs and achieve differentiation and competitiveness.

船舶管理公司建立长期客户关系将确保客户数量、减少转交费用以及获得主动性和竞争性。

youdao

The fund-management industry is on their side, since lower transaction costs would boost its returns.

ECONOMIST: Hong Kong's stock exchange

Asset managers earn a markedly higher advisory fee from active investment strategy and rightly so, since given the relatively more trading of assets, active investing incurs higher transaction costs but more importantly because active management relies on the skill of the asset manager which needs to be duly compensated with a higher advisory fee.

FORBES: BlackRock Priced A Bit Too Richly With Passive Investing So Popular

For the transaction banks, controlling costs per trade and costs per asset under management will become the key to profitability.

FORBES: Are Bankers Competent to be Running Banks?