This could be achieved in the absence of an all-wise regulator by using the cost of credit-default swaps (CDSs), which insure against default, as a guide to the right capital structure.

这句话的大意是：利用CDS(信贷违约掉期：一种违约保险)的价格作为正确资本结构的指南，这种做法可以在全能的监管者不存在的情况下得以实现。

youdao

The capital structure not only affects capital cost and total prices, but also the structure of corporate governance.

资本结构不仅影响企业的资本成本和企业总价值，而且影响企业治理结构。

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This paper tries to discuss optimal capital structure decision based on transaction cost view of firm.

本文试图基于企业的交易成本观点来探讨最优资本结构决策问题。

youdao

What is genuinely new in all this is not so much the idea of bundling risks, but the idea that transferring them changes the firm's structure and cost of capital.

ECONOMIST: Corporate finance

Combined with a new, streamlined organization, a substantially improved cost base, a strengthened capital structure, and a more customer-oriented culture, we have all the right measures in place to create shareholder value going forward.

CNN: Airline SAS cuts 3,000 jobs, announces restructuring plans

While the impact of this debt burden was somewhat ameliorated in the near term by the carefully constructed payment-in-kind features, it is incompatible with achieving a competitive cost structure, funding sorely needed capital improvements and long-term viability.

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