[經(jīng)濟(jì)學(xué)]第七章企業(yè)融資-文庫(kù)吧資料
2024-10-25 02:47本頁(yè)面
【正文】 indefinitely, and your personal motives for pursuing a small business will determine the value you place upon business ownership. ? indefinitely 無(wú)限期地 ? pursue 從事、經(jīng)營(yíng) ? 當(dāng)然，許多小型企業(yè)的經(jīng)營(yíng)者對(duì)長(zhǎng)期持有企業(yè)并不感興趣，并且你經(jīng)營(yíng)小型企業(yè)的目的將決定企業(yè)所有權(quán)的價(jià)值。 ? However, the amount of equity financing that you undertake may depend more upon your willingness to share management control than upon the investor appeal of the business. ? 然而，你愿意承擔(dān)的股權(quán)融資的總額，更多地取決于你是否愿意與他人分享企業(yè)的經(jīng)營(yíng)權(quán)，而非企業(yè)對(duì)于投資者的吸引力。 ? What banks look for: credit history, collateral, cash flow, and character as they relate to different kinds of small business loans, and the documents you39。 ? A creditor agrees to lend money to a debtor in exchange for repayment, with accumulated interest, at some future date. ? creditor 債權(quán)人、貸方 ? debtor 債務(wù)人、借方 ? accumulated interest 累計(jì)利息 ? 債權(quán)人同意以在未來某天收到附息還款為交換借錢給債務(wù)人。 ? For startup businesses in particular, the owners need to guard against cash flow shortages that can force the business to take on excess debt, thereby impairing the business39。 參考譯文： ? 相反地，太多的股權(quán)融資說明你沒有最有效率的利用資本；資本沒有作為獲得現(xiàn)金的杠桿被有效地使用。 the capital is not being used advantageously as leverage for obtaining cash. ? leverage 名詞，杠桿、杠桿作用，影響力 ? 指企業(yè)通過適當(dāng)舉債，調(diào)整資本結(jié)構(gòu)帶來額外收益。s interest rate floats. ? 另外，你可能會(huì)經(jīng)不起無(wú)法預(yù)知的企業(yè)衰退，信用不足，或者如果你的貸款利率是浮動(dòng)時(shí)，利率上調(diào)的風(fēng)險(xiǎn)。 參考譯文： ? 從貸款人的角度來看，負(fù)債權(quán)益比率衡量的是在違約情況下用于償還債務(wù)的可用資產(chǎn)額或可用償債安全余量。它顯示了公司管理者在多大程度上愿意舉債經(jīng)營(yíng)，而不是利用自有股本。 ? From the lender39。 ? Equity financing describes an exchange of money for share of business ownership. ? 股權(quán)融資是一種用資金交換企業(yè)所有權(quán)股份的融資方式。 ? Debt financing means borrowing money that is to be repaid o
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