凈發股本 的英文怎麼說

中文拼音 [jìngfāgǔběn]
凈發股本 英文
outstanding capital stock
  • 凈 : Ⅰ形容詞1 （清潔; 干凈） clean 2 （凈盡;沒有剩餘） empty; hollow; bare 3 （純） net Ⅱ動詞（使干凈;...
  • 發 : 名詞（頭發） hair
  • 股 : Ⅰ名詞1 （大腿） thigh; haunches 2 （機關、企業、團體中的組織單位） section of an office or enterp...
  • 本 : i 名詞1 （草木的莖或根）stem or root of plants 2 （事物的根源）foundation; origin; basis 3 （本錢...
  • 股本 : capital stock; capital; stock; equity股本比率 ratio of capital stock; 股本持有比例 capital shares...
  1. On the basis of drawing lessons from the existing research results both at home and abroad, this paper observes the change law of the two financial indexes of nroa and croa from 1997 to 2001, studies the relations between the locations of listed companies and the m & a performance, between the structure of equity of listed companies and the m & a performance, between the industry nature of the listed companies and the m & a performance, between the type of m & a and the m & a performance, and then draws several conclusions that m & a performance is unsatisfactory on the whole, m & a performance of listed companies in eastern china is superior to that of the counterpart in middle or western china, m & a performance of listed companies that the country or the other corporations hold the most share of the listed companies is unsatisfactory on the whole, the growing or mature listed companies can achieve best m & a performance when they implement the m & a horizontally while the listed companies in declining phase may perform the conglomerate m & a the best

    在借鑒國內外已有的研究成果的基礎上，本文考察了並購上市公司從1997年到2001年五年時間內凈資產收益率和主營利潤率兩項財務指標的變化規律，研究了並購公司所在的區域與並購績效、並購公司的股權結構與並購績效、並購公司的產業性質與並購績效、並購類型與並購績效等方面的關系，得出了若干結論： 1 、並購績效從總體上來說是不理想的； 2 、東部上市公司的並購績效要優于中部和西部上市公司的並購績效； 3 、國家股或法人股是第一大股東的上市公司的並購績效不理想； 4 、處于成長性產業和成熟性產業的上市公司發生橫向並購績效最好，處于衰退性產業的上市公司發生混合併購績效最好。
  2. Based on the analysis of the current situation of the state medium - small - enterprise and the difficulties met during the stock reorganization of the high technology medium - small - enterprise, the article tries to provide possible solutions on the issues of definition of property rights, management of state assets, stock evaluation of commercial and non - commercial capital, disposal of enterprise debt and the use of land, and the settlement of retired people respectively. applying the modern theory of financial management, the article also gives its suggestion on the comprehensive evaluation on the companies during their stock reorganization and on the optimal allocation of capitals. according to the western experiences of developing high technology industries by venture investment and the prospect of the roles played by the forthcoming growth enterprise market, the article concludes that the sate medium - small high technology enterprises raising money from growth enterprise market through stock reorganization may be a shortcut for their development. a case of an " institute of automatization ", whose scheme was planned by the author for practice, is discussed throughout the paper

    本文在對我國國有中小企業改革現狀的分析基礎上，針對我國國有中小高新技術企業的現狀及股份制改組過程中的難點，對產權界定、國有資產管理、經營性和非經營性資產的剝離、凈資產的折股、企業債務和土地使用權的處理、離退休人員的安置等等問題，分別提出了具體的解決辦法。運用現代財務管理理論，提出了股份制改組過程中的公司整體價值評價方法及最佳資本結構確定的方法。在分析國外利用風險投資機制發展高新技術產業的經驗及即將推出的二板市場相關內容基礎上，明確提出國有中小型高新技術企業通過股份制改組最終到二板市場上市融資是其快速發展的途徑。
  3. The purpose of this paper is to find out the characteristics of corporate restructuring and reorganizations under the background of strengthened supervision and improved accounting standards in 2001. using financial data on chinese public firms that had performed restructurings in 2001, this paper studies the impact of restructuring activities on firms " performance. it finds that performance of sample companies are better than the market average both before and after restructuring, but financial ratios does not improve obviously, what ' s more, the roe ratios even drop generally, which are very different from the characteristics during the past few years

    本文採用以財務數據為基礎進行評價的方法，對2001年上市公司資產重組進行研究發現，從資產重組的方式來看，收購兼并所佔比重最高，業績較好的公司偏向于選擇這種重組方式，而資產置換、股權轉讓仍為績差公司所青睞；從重組前後財務指標的變化來看，重組公司表現優於市場平均水平，但與往年重組公司當年業績即得到明顯提升不同， 2001年重組公司財務指標並未得到顯著提高，凈資產收益率更是全面下降，統計對比不支持上市公司利用資產重組調節公司績效的觀點。
  4. From a departure point of empirical study on the effect of cross - border mergers and acquisitions ( m & as ) on the performance of target firms, this article follows the traditional research pattern, which first reviews the extant empirical researches in this field then introduces the characteristics of foreign acquisitions in china as well as its economic effect. following is the theoretical explanation of the mechanism behind the effect of cross - border m & as on the performance of target firms from the views of fdi, corporate strategy and corporate governance. finally, this article employs the standard event study methodology as well as accounting data analysis to examine the short - term wealth effect and long - term performance of chinese target firms

    本文以外資並購對我國目標公司績效的影響為研究出發點進行實證分析，依據傳統的研究思路，首先對現有的經典文獻做了一個簡要的回顧，然後介紹了外資並購我國企業的特點和其經濟效應，接著從國際直接投資、公司戰略、公司治理這三個角度對跨國並購提高目標公司績效的機理進行了分析，為目標公司績效的提高提供了理論依據，最後本文利用標準事件研究法和會計指標法計算出公司的績效指標?累積超額收益率（ car ） 、平均每股收益和平均凈資產收益率，分別從短期和長期分析了我國目標公司的績效。
  5. On the other hand, the ipos can averagely get a positive abnormal return over market portfolio between september and december, which means ipos can obtain better return in every last - half year relatively. 5 ) higher exchanging rate of the first circulating day for an ipo can not obtain a higher medium and long return, and it even has a negative relationship with the later

    就股票價格的影響因素而言，發行后每股收益、發行后每股凈資產特別是bm比率、流通股數尤其是流通市值、總股本或流通盤占總股本比例、行業屬性等在較長的時間內對新股的二級市場收益有明顯的影響。
  6. The focus of the thesis lies in an elaboration of the influences exerted upon a listed company ' s profit return by the monopolist position the state - owned shares occupy, by the degree to which share - right is concentrated, and by the division of non - negotiable shares and negotiable shares, as well as of the positive promotion to the company ' s profit return by the system of executives buying - back shares and employees " share - ownership. based on theoretical analysis and case study, the thesis proposes some measures for optimizing the share - right composition and enhancing the profit return of the listed companies. the conclusion can be summed up as follows : ( 1 ) owing to the absence of real trustor, the unduly long, hence low, efficiency of the agency chain, state - owned shares are prone to being controlled by insiders and to the problem of share - holders " interests being embezzled by insiders

    基本的分析結論可以概括為如下幾點： （一）國有股由於真正的委託人缺位，代理鏈條過長，代理效率低下，容易產生內部人控制，並發生內部人侵佔股東利益的問題，法人股在公司治理中的效率明顯優于國有股，因此，如何完善國有資產管理體制是優化股權結構的關鍵，本文提出了完善國有資產管理體制的具體建議； （二）在非流通股與流通股並存的股權分割下，非流通股股東與流通股股東具有不同的目標函數，非流通股股東的目標函數是提高每股凈資產，而流通股的目標函數是股票的二級市場價格，目標函數的不一致，導致股東之間行為的不一致，相互沖突的行為造成效率的損失。
  7. Chapter five is the classification of the roe ( the rate of return on the owner ' s equity ) of the public - offering companies froml997 to 1999, and then a conclusion is drawn on the 10 % and 6 % of roe : the heavily - populated numbers of roe have something to do with the regulatory policies. the last chapter is three suggestions in policies put forward by the former discussion on roe. earnings management does exist

    本章著眼于對我國上市公司基於配股權的盈餘管理的研究：通過對1997年到1999年掛牌交易的上市公司的凈資產收益率進行分類，發現了凈資產收益率的「 10現象」和「 6現象」 ：即上市公司凈資產收益率的密集區與證監會在1996年初和1999年初修改上市公司配股權存在趨同性。
  8. Based on the number of shares currently in issue and assuming full conversion of the company1s convertible preference shares, a total of 81, 752, 000 consideration shares will be issued. the consideration shares will be issued at an agreed value per share equal to 1. 05 times the consolidated net asset value per share of the company as at the completion date. based on the company1s published unaudited consolidated accounts as at 30 june 2003, the aggregate agreed value of the consideration shares is estimated to be hk 612. 0 million, and the cash portion of the consideration is estimated to be hk 1, 545 million

    代價股份將佔中國工商銀行亞洲經擴大后股本的9 % ，按目前該公司的總發行股數及假設可轉換優先股已全部換股計算，發行代價股份估計共8 ， 175 . 2萬股，代價股份的協議價同樣地亦按該公司于交易完成日之每股綜合凈資產值之1 . 05倍計算，目前估計代價股份之協議價值共約為6 . 12億港元，亦即現金部份預計約為15 . 45億港元。
  9. In order to solve the conflict of supply and demand, firstly, this particle discusses the characters of the national budget investment the emission of stock, attracting foreign capital and invest direct, domestic banks " loan, international financial organizations and foreign governments " loan, and the emission of bond, the bot mode and other financing manners. also, the particle analyses the resources of each financing manner and characters concretely. then, it analyses the scale, cost, construction and manner of highways " raising project, and it emphasizes banks " loan domestic and overseas, the emission of stock and bond, the attornment of highway ' s charge rights, the capital cost of bot financing manner, and uses the model to calc ulate the compositive capital cost, then build the worst ( in the worst environment hypothetically ) and the best scheme ( in the best environment hypothetically ) accordingly, after the comparison, we can obtain the status of the project ' s net cash flux, the debt ' s endurance capability, income and a series of data in any possible state, so that to get the optimized scheme and prepare for the scientific decision

    為了解決資金的供需矛盾，本文首先論述了國家預算內投資、發行股票、吸收國外資本直接投資、國內銀行貸款、國際金融組織和外國政府貸款、發行債券、 bot方式等融資渠道的特點，具體分析了各融資方式的資金來源渠道及它們的特點；接著分析了公路項目籌資的規模、成本、結構和方式，重點分析國內外銀行貸款、發行股票和債券、轉讓公路收費權、 bot融資方式資金成本，用模型的方式具體計算綜合資金成本，建立相應的最差方案（在假設的最差條件下）和最佳方案（在假設的最好條件下）與之進行比較，獲取在各種可能條件下的項目凈現金流量狀況、債務承受能力和收益情況等一系列數據，確定整體最優方案，為科學決策做準備。
  10. For this reason, this paper analyses the differences between the accounting standards of our country and the international financial reporting standards ( ifrs ). this article is based on information disclosure of b - share market in china and the process of international harmonization of accounting standards in china, and other researchers " research literature, and provides a detailed analysis and study. the whole article will be spread out in two dimensions, including the difference between profits after taxation of the dual annual reports and the value - relevance of the annual reports

    本文立足於我國b股市場信息披露的要求以及我國會計改革的發展歷程，在對以前學者研究文獻整理的基礎上，對會計準則國際化效應的狀況做實證研究，研究樣本選取2001 ? 2004年深滬兩市的b股上市公司，並且分別從凈利潤差異分析與會計信息含量的比較兩個方面研究。
  11. This text regards listed companies of 1998 - 2000 years of shanghai as the research object. having observed the earning per share ( eps ) and return on net assets ( roe ) of listed company. we examined the continuity of the index of the earning during these 3 years at the same time, we find that there are the phenomenon of earnings management generally in the listed company of our country

    首先本文以滬市1998 2000年的所有上市公司為研究對象，採用描述性統計與相關性分析的方法，考察了上市公司的每股收益指標以及凈資產收益率指標，同時我們又對這3年間盈餘指標的連續性進行了檢驗，我們發現我國上市公司中普遍存在著盈餘管理現象。
  12. Total capital increased to cdn 11. 8 billion as at september 30, 2002 from cdn 10. 2 billion as at september 30, 2001. the increase was primarily the result of net income in the past 12 months and the issuance of manulife financial capital securities, partially offset by the repurchase of 16 million common shares for cdn 596 million and shareholder dividends

    資本總額增長主要由於過去十二個月的收入凈額理想以及發行宏利金融資產證券所致但因公司以五億九千六百萬加元回購一千六百萬普通股及分派股東股息，部份增長被抵銷。
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