Since interest payments are tax deductible, but dividends are not, some borrowing makes a balance-sheet more efficient. Too much, though, makes a firm too risky, raising its overall cost of capital.

尽管利息支付可以扣税，而红利不可以，举债可以使资产负债表更有效率。

youdao

Since interest payments are tax deductible, but dividends are not, some borrowing makes a balance-sheet more efficient. Too much, though, makes a firm too risky, raising its overall cost of capital.

尽管利息支付可以扣税，而红利不可以，举债可以使资产负债表更有效率。

youdao