当企业的资产负债率较低时，“股东财富最大化”与“企业市场价值最大化”是一致的；
When the asset-debt rate is low, "stock-holder wealth maximizing"financial objective is equal to the "firm market value maximizing".
而寿险公司通常具有较低的资产负债率，而且保险公司的大部分资产很具“粘性”，因为投保人若是取消长期合同就要被罚款。
Life insurers typically have low gearing, and the policyholders who fund the bulk of their assets are "sticky", with long-term contracts that incur penalty charges if they are cancelled.
现在，那些经历考验的企业集团已经重新恢复赢利并且保持较低的负债率，但是他们的成功仍然存在消极的一面。
Now, those that came through the time of trial have returned to profitability and respectable debt ratios—but their success still has a downside.
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