But investors such as the special situations arm of KKR are gearing up for what many expect to be more widespread opportunities across Asia as both the level and the cost of debt rises. 但随着债务规模和成本上升,KKR旗下特殊情况基金等投资者正准备在亚洲迎接很多人预期出现的更为普遍的机遇。
Moreover, by raising new equity, companies can use cash inflows to repay their debt at a time when the real cost of debt has risen as inflation has yielded to deflation, making the cost of servicing debt burdensome. 此外,通过筹集新股本,公司可利用现金流入偿还债务;目前债务的实际成本有所上升,因为通胀已让位于通缩、令偿债成本变得难以负担。
Our cost of debt and equity will fall. 我们借债和发行股票的成本将会降低。
Frequent refinancing represents a risk which only makes sense if the cost of debt is persistently falling. 频繁再融资所蕴含的风险,只有当债务成本持续下滑时才值得承受。
However, lease financing is not only an important financing instrument for corporations, but also a mechanism for reducing agency cost of debt and external funding cost. 然而,租赁融资除了在公司的融资决策上扮演重要的融资工具之外,在公司治理方面租赁融资也是减缓负债代理成本以及外部融资成本的机制。
At some point, the present value of the cost of debt must be drastically lowered. 到了某一时间点,必须大幅降低债务成本的现值。
This dynamic may indicate an even further need for tightening, which has the potential to push the economy into a recession, by raising the cost of debt service for UK consumers. 这表明了有必要再进一步收紧,使英国消费人的借贷成本提高,但亦因而可能把经济推向衰退。
All that said, the two essential components in the outlook for those companies are profits and the cost of debt. 总之,这些企业前景的两个关键要素是利润和债务成本。
We examine the relation of earnings quality and cost of debt in Chinese A-share stock markets in order to test whether banks in China can see through firms'earnings quality. 本文以中国A股上市公司为研究对象,分析了企业盈余质量与总借款债务成本,长期借款债务成本和信用借款债务成本之间的关系,以检验我国银行是否能够识别借款企业的盈余质量。
Indeed, the cost of debt insurance for European corporate bonds hit a record low in London yesterday. 实际上,昨日在伦敦市场,欧洲企业债券的债务保险成本创下纪录低点。
The effects that accounting conservatism brings to cost of debt in Chinese listed companies are the main topic of this paper. 本文就将研究在我国上市公司中会计稳健性对债务成本的影响。
Deflation also drove businesses to pay down debt rather than invest, since a declining price level increases the real cost of debt service. 面对通缩,公司也选择偿还债务而不是进行投资,因为价格下跌增加了负债的实际成本。
Accounting Conservatism and Chinese Listed Companies 'Cost of Debt 会计稳健性与我国上市公司债务成本
With the high cost of debt, declining operating businesses and in some areas weak corporate balance sheets, companies are likely to ask equity investors to make up the gap in funding. 鉴于举债成本高昂、运营业务减少,以及在某些领域公司资产负债状况疲弱,企业可能诉诸股票投资者来弥补融资缺口。
Bond ratings are a tool that we use to measure default risk and arrive at a cost of debt. 债券评级是一种工具,我们使用来衡量违约风险,并得出一个成本的债务。
The leverage is like a blades-sword. When it adds to the business risks, it can also help obtain more income than its assets and fixed cost of debt, thus increase additional income for the business enterprise or shareholder. 杠杆是一把双刃剑,它在增大企业风险的同时,也可能使企业获得超过其资产和负债固定成本的收益,从而增加企业或股东的额外收益。
The average cost of debt financing is lower than equity financing. 相比股权融资而言,债权融资的平均成本要低,因此可以降低总的融资成本。
The cost of debt refers to enterprises raise and use pay debt capital, is part of the cost of capital. 企业的债务成本是指企业筹集和使用债务资本所付出的代价,是企业综合资本成本的一部分。
So we believe that industry specialization helps reduce information asymmetry risks, so as the cost of debt. 因此,本文认为会计师事务所行业专长有助于降低信息不对称风险,从而减少公司债券的融资成本。
In essence, the cost of debt is the return on investment required by the creditor. 从本质上看,债务成本是债权人要求的投资报酬率。
In the light of the analysis in second part, and based on the relevant theories in the first part, This paper will propose some specific countermeasures to optimize the ownership structure of listed companies, and to reduce the agency cost of debt. 最后,在第五章,根据第二部分的分析结果,并以第一部分的相关理论为支撑,对我国上市公司优化股权结构、降低债务代理成本提出了具体的对策和建议。
Constitute a point of view, the cost of debt financing costs and charges. 从构成上看,债务成本包括筹资费用和用资费用。
This research is to study the relationship between Accounting Conservatism and cost of debt in Chinese listed companies. 本文研究的就是会计稳健性与我国上市公司债务成本的关系。
Capital structure can affect executive compensation through two channels, agency cost of equity hypothesis and agency cost of debt hypothesis. 股权代理成本假说和负债代理成本假说从两个角度解释了资本结构对高管薪酬业绩敏感度的影响。
EVA reflects the cost of debt, and reflects the opportunity cost of investment of shareholders, so it comprehensives assessment of capital efficiency. EVA通过引入资本成本率,不仅体现了债务成本,还有反映了股东投入的机会成本,从而综合评价了资本的使用效率。
Thus poor environmental performance of enterprises to obtain loans from financial institutions to increase the difficulty of these enterprises to obtain loans from financial institutions had to increase the cost of debt financing. 从而环境绩效差的企业获得金融机构贷款的难度增加,这些企业为获得金融机构贷款不得不增加债务筹资费用。
In addition, we also conducts an empirical analysis of factors which affect the cost of debt, to find the way to reduce the debt agency costs in practice. 此外,本文还对影响债务代理成本的诸多因素进行了实证分析,以便在实践中找到降低债务代理成本的方法。
Chapter ⅱ is the analyst behavior theory of the cost of debt financing. 第二章为分析师跟进行为影响债务融资成本的理论分析。
Direct reasons are inefficient business, weak budget constraints among bank enterprises, as well as equity financing cost is lower than the cost of debt financing. 分析这些现状的直接原因是企业经营效益低下、银行与企业之间的预算约束软弱,,以及股权融资成本低于债务融资成本。
As a basis concept of finance, cost of debt generally has both absolute definition and relative definition. 债务成本作为财务学的基本概念,一般有债务成本的绝对定义和相对定义。