According to the western financial theories, the costofdebtcapital is lower by far than that of equity capital because of risk and tax.
西方财务理论认为,由于风险和税收的原因,债权资本成本远远低于股权资本。
2
These institutions have an implicit, or explicit, federal guarantee on their debt that lowers their costofcapital, giving them a permanent competitive advantage.
这些机构的债务拥有隐性和显性联邦担保,这降低了其资金成本,从而赋予了它们永久性的竞争优势。
3
The quantitative limits of rational debtof petroleum enterprise are calculated when total capital return ratio is higher or lower than debtcapitalcost respectively. A case of calculation is given.