入場合票價 的英文怎麼說
中文拼音 [rùchǎnggěpiàojià]
入場合票價
英文
admission charge- 入 : Ⅰ動詞1 (進來或進去) enter 2 (參加) join; be admitted into; become a member of 3 (合乎) conf...
- 場 : 場Ⅰ名詞1 (平坦的空地 多用來翻曬糧食 碾軋穀物) a level open space; threshing ground 2 [方言] (...
- 合 : 合量詞(容量單位) ge, a unit of dry measure for grain (=1 decilitre)
- 票 : 名詞1 (作為憑證的紙片) ticket 2 (選票) ballot 3 (鈔票) bank note; bill 4 (強盜綁架去用做抵...
- 價 : 名詞1. (價格) price 2. (價值) value 3. [化學] (化合價) valence
- 場合 : occasion; situation
- 票價 : the price of a ticket; admission fee; entrance fee; ticket price
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Firstly, the paper retrospects the development of eso and tries to probe into the theoretical field : the explanation of it ' s definition, the conclusion of it ' s characters, the comparison of eso and other stock inspiration system, followed by the analysis of it ' s theoretical basis and incentive effect ; meanwhile, the paper probes into the realistic situations of eso in usa and china in order to seek the regulation and draw the advantages and disadvantages ; to this part, the paper takes the following four items as the main barriers to eso ' s implementation in china : the over restriction of current law system, the low efficiency of the market, the poor corporate governance structure and a lack of a reasonable performance index system, and elaborately analyze the impacts of the obstacles on eso ; after the analysis made above, the paper gets down to taking some methods to solve the problems in accordance with the characteristic of the barriers. as far as the internal defects of the mechanism are concerned, the paper begins with the scientifically design of the key components, studying the aspects of bestowal, change, loss, the executive method and the executive time. then the paper focuses on designing a performance index system which is an essential part of eso, introducing the bsc to improve the present performance index system, under the reasonable guidelines resigning it at both the levels of company ' s and employee ' s levels. finally, as regards how to perfect the outside surrounding of eso, the thesis makes some suggestion
本文首先回顧了股票期權制在國內外的發展及較為詳盡的分析了股票期權制度的相關理論:闡述了其涵義,特徵,理論基礎,激勵效應並於其他幾個較易混淆的股權激勵機製作逐一的比較,以進一步澄清人們對其的錯誤認識;同時,對股票期權制在美國和我國的現狀進行深入的實證研究,探求其內在規律,在肯定其成果時指出其不足;至此,筆者認為,我國上市公司要推行股票期權制度將主要面臨以下四類障礙:公司治理結構不完善、市場有效性差、現行法規體系不完善及缺乏客觀的業績考評指標體系,並詳細分析了各類障礙的現狀及對股票期權制的負面影響;在此基礎上,針對各類障礙的不同性質,著手探討消除這些障礙的措施:對于股票期權制內部的缺陷,本文先對各個關鍵要素進行科學設計,系統的剖析了贈與、變更、喪失、執行方式、股票來源等技術性問題,再以大量篇幅研究了如何構建出一套與實施股票期權制相配套的業績考核指標體系,引進平衡計分卡的思想對國內現有的指標體系加以改進,以一組合理的評價原則為指導,從公司及員工個人業績考評兩個層面上來設計該指標體系。This paper examines the effects of the mechanism - call auction mechanism and continuity mechanism by which securities are traded on their stock returns. firstly, we explain the relational concepts. later, under the market inefficiency hypothesis, we draw into the amihud & mendelson model of price adjustment. because the different market tradings have different assets and these assets are traded in different environments, hence it would be hard to discern differences resulting from the trading mechanism itself from differences due to dissimilarities of securities and environments. we offers to resolve this difficulty by comparing the stock returns in the opening transactions with the price behavior of the some stocks traded at the same exchange during the same period in the closing transactions
而後,在市場無效的假設前提下,我們引入了amihud和mendelson構建的帶有噪聲的偏調整模型。由於不同的市場交易有不同的證券,而且這些證券又處在不同的環境中交易,因而很難看出排除證券本身以及環境因素后,交易制度對股票價格行為的影響。因此,我們利用同一交易所交易的同一股票在盤整時期的開盤(開盤交易採用集合競價制度)和收盤(收盤價採用連續競價制度確定)數據來比較不同的交易制度對股票收益的影響。The innovation of this text is bring forward the manager synthesizes achievement and appraises model, basis on this model, the manager ' s income from stock option depend on the increase of company value rather than the market factor. it is undoubtedly more rational than the traditional means of payment that only considers stock market price. it makes the interests of the manager and company owner reach unanimity, thus get better encouragement effect
文本的創新點在於提出了經理綜合業績評價模型,基於這一模型,經理人的股票期權收入在很大程度上不受市場因素的干擾,而是從公司價值是否增加的角度來判斷該股票期權是否有價值,這無疑比傳統的只考慮股票市場價格的到期支付方式更為合理,使經理人與公司所有者的利益更加趨於一致,從而得到更好的激勵效果。The first part of this text recommends and explain the intension of the system of executive stock option with its key element, characteristic, current development, positive and negative effects, etc. which offering basic support for following analysis ; the second part, described the behavior of stock price and black - scholes option pricing model from the angle of quantitative analysis, and discuss the value factor of stock option with its encouragement, analyzed the change of every factor in black - scholes option pricing model impact on option worth ; then analyzed the leverage effects and manager ' s morals risk model of executive stock option, at last, considering the main defect existing in the system of executive stock option at present, that is : it depends on stock market unduly, and the stock option incomes of manager has no relationship with manager ' s achievement. this text bring forward the manager synthesizes achievement and appraises model
本文的第一部分全面介紹和闡述了經理股票期權制度的內涵,構成要素,特點,發展情況和正負效應等,為後面的分析提供了基本支持;第二部分,從定量分析的角度出發描述了股票價格行為和black - scholes期權定價模型,並以此為理論基礎探討了股票期權的價值因素和激勵性,分析了black - scholes期權定價模型中各因素的變化對期權價值的影響;接著分析了經理股票期權的杠桿效應和經理人道德風險模型,最後,針對當前經理股票期權制度存在的主要缺陷即:過度依賴股票市場,經理的股票期權收入與公司的業績缺乏相關性這一問題提出了經理綜合業績評價模型。分享友人