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Bankruptcy cost view
| Глоссарий экономических терминов |
The argument that expected indirect and direct bankruptcy costs offset the other benefits from leverage so that the optimal amount of leverage is less than 100% debt financing.
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Bankruptcy, английский
- Банкротство. несостоятельность.
- Банкротство, состояние неплатежеспособности (невозможности выполнить обязательства) физического или юридического лица или юридические действия суда в отношении юридического или физического лица, не способного выполнять свои обязательства перед кредиторами
- Inability to pay debts. in bankruptcy of a publicly owned entity, the ownership of the firm`s assets is transferred from the stockholders to the bondholders.
- Legally declared unable to pay your debts. bankruptcy can severely impact your credit and your ability to borrow money.
- Bankruptcy describes the legal situation of a person not having enough money to pay his or her debts. if an employee is or becomes bankrupt then he or she may be obliged under the contract of employment to inform his or her employer of that fact. bankruptcy can also exclude people from certain jobs such as working for the government and many job application forms specifically ask whether or not a person is currently bankrupt. 6. bear/borne: to bear means to accept responsibility for something or to pay for something and appears in phrases such as ‘to bear a cost’. the word is often used in the passive form in contracts, for example, ‘all travel costs will be borne by the employer’.
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Pecking-order view (of capital structure), английский
The argument that external financing transactions costs, especially those associated with the problem of adverse selection, create a dynamic environment in which firms have a preference, or pecking-order of preferred sources of financing, when all else is equal. internally generated funds are the most preferred, followed by new debt, and debt-equity hybrids. finally, new equity is at the least preferred source.
Bankruptcy view, английский
The argument that expected bankruptcy costs preclude firms from financing entirely with debt.
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