股本成本

此外，股本成本已有所上升，结果是估值下降即使总收益仍保持不变。

Add to this the fact that the cost of equity has risen and the result is lower valuations even if aggregate earnings remain unchanged .

中国上市公司流通股本成本研究

The Cost of Equity of Tradable Shares : Empirical Evidence from China Listing Companies

究其原因，一方面是因为银行在不景气时期筹集股本的成本过高；另一方面是因为监管机构发出追加保证金通知目前在政治上难以实现。

Precisely because it is costly for a bank to raise equity in bad times , it is also politically difficult for a regulator to make a margin call .

不幸的是，现在筹集股本的成本恰恰极其高昂，因为新资金将支撑现有债务的价值，而不是为股东创造价值。

Unfortunately , this is precisely the time when raising equity is most costly , since the new funds will prop up the value of the existing debt rather than creating value for shareholders .

传统的业绩衡量指标没有扣除股本资本的成本，因此无法判断公司为股东创造的价值的准确数量。

Since the conventional outstanding achievement measuring indices have not deducted the cost of equity capital , so unable to estimate exact amount of value , which the company created for stockholders .

投资者不会为银行提供所需规模的新股本，而银行声称，能够获得的此类股本成本非常高昂。

Investors will not subscribe new equity for banks on anything like the scale required , and banks claim that such equity capital as is available is very costly .