One reason is that companies have very high hurdle rates for new projects, higher than seems justified by a world of low interest rates.

原因之一就是公司开展新项目的门槛过高，高过了低利率所允许的范围。

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That power gives ABP the ability to place greater emphasis on performance, to control fees and to insist on hurdle rates before paying them.

这种权力给了ABP更强调业绩的能力，控制费用的能力，以及在付款给经理人前坚持最低预期报酬率的能力。

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When we sit in business meetings, we stay and talk until we figure out how to increase cash flow, or reduce corporate duplication, or rethink our hurdle rates.

当大家坐下开业务会议时，就会不停地说，不停地辩论，直到在如何提高企业现金流、如何降低工作重复或反思我们的最低回报率等问题上达成共识。

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Barra aims to sell its analysis to institutional investors, and therefore is releasing only a few individual fund hurdle rates.

FORBES: The hidden cost of trading

Morgan, the fear of missing out on a spectacular merger wave has encouraged managers to keep their hurdle rates as low as possible.

ECONOMIST: Corporate finance

The hurdle rates from 8% to 11% are based on the volatility of shares in rival companies in the relevant industry, and are under constant review.

ECONOMIST: Corporate finance