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。

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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。

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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。

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Since 2000, around 100, 000 airline employees have gone, and carriers have secured billions of dollars in cost savings using Chapter 11 bankruptcy or the threat of it to persuade workers to make concessions.

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The Obama bankruptcy initially cost one quarter of GM jobs.

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Reuters reports the move as part of its bankruptcy filing and cost cutting.

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