请高手翻译 采纳给20分 在线翻译就算了

请高手翻译 采纳给20分 在线翻译就算了
Whether listing companies make profits or lose money, and whether the profit rises or declines which really have an tmpact to the psychology of stakeholders and further influences the transaction cost． For instance．customers were willing to pay a higher price f0r the merchandise of companies which gained a higher surplus
because they were more likely to fulfill quality guarante and service obligation that had been promised． Suppliers would provide more favorable terms fo r companies which gained a higher surplus, not only because these compames were more likely to pay fo r goods purchasing this time, but also because they would probably purchase a larger amount ol merchandise in the future． The bank was willing to provide more favorable terms for companies which obtained a higher surplus bec ause these companies were less likely to violate a treaty or delay
the payment of a loan．The excellent employees of companies which had a higher surplus were less likely t0 resign or demand a higher salary in order to stay． Therefore these companies had the strong motive to carry out
earnings management so as to avoid the decrease of surplus or loss of money and reduce the transaction cost with their slakeholders.