To some extent, the efficiency of corporate governance is determined by the choice of capital structure.
资本结构的选择在很大程度上决定着公司治理效率的高低。
The industrial characteristics of capital structure reflect the collocation efficiency of security market in some degree.
资本结构的行业特征，一定程度上反映了证券市场的资本风险配置效率。
Reasonable capital structure will not only be helpful to improve the operation efficiency of company, but also be helpful to optimize allocation of the social assets.
合理的资本结构不仅有利于提高企业的经营效率，而且有利于全社会资源的优化配置。
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 the modern capital structure theory, the choice of capital structure influences corporate capital efficiency which will ultimately affect the value of the enterprise.
按照现代资本结构理论，企业资本结构的选择影响企业资本的使用效率，最终影响企业的价值。
In the microcosmic aspect, the development of enterprise_ bonds' market helps heighten company's value, optimizing administering structure, enhancing the efficiency of capital.
微观上有提高公司市值，优化公司治理结构，提高资金使用率等积极作用。
With theory of corporate governance being brought out, the attention to study on theories of capital structure has been paid to its efficiency on corporate governance.
随着公司治理理论的提出，人们对资本结构理论研究的重点开始转移到对公司治理效应的研究上来。
The choice of companies' capital structure is determining to some extent corporate governance efficiency.
在一定意义上，某种股权结构决定了相应的某种公司治理方式。
The main reasons for low performance of equity refinancing are: The low efficiency of capital use, lower rates of assets and liabilities and special ownership structure.
导致股权再融资绩效低下的原因主要为：再融资资金使用的低效、特殊的股权结构和较低的资产负债率。
The main reasons for low performance of equity refinancing are: The low efficiency of capital use, lower rates of assets and liabilities and special ownership structure.
导致股权再融资绩效低下的原因主要为：再融资资金使用的低效、特殊的股权结构和较低的资产负债率。
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