In September 2008, Paulson refuse to offer such sales to Leathermen Brothers, permitting Leman Brothers to declare bankruptcy.

008年9月，鲍尔森拒绝为,雷曼兄弟安排这样的买卖，导致雷曼,宣布破产。

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If the company gets too leveraged then there's too high a probability that the company will fail and there are costs to bankruptcy.

如果公司的杠杆率太高,那么公司倒闭的可能性会极高,然后会产生破产费用

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On the other hand, if they do so, they may be courting bankruptcy.

但是,这么做离破产就不远了

耶鲁公开课 - 金融市场课程节选

The other qualification is bankruptcy costs.

另外一个限制是破产成本

耶鲁公开课 - 金融市场课程节选

A company, according to Modigliani and Miller, has to weigh their tax considerations against their bankruptcy costs and get an optimum debt-equity ratio out of that.

根据MM理论,一家公司,必须在租税考量与破产成本之间进行权衡,然后得出最有利的负债权益比

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