政策研究股 的英文怎麼說

中文拼音 [zhèngcèyánjiūgǔ]
政策研究股 英文
policy research unit
  • 政 : 名詞1 （政治） politics; political affairs 2 （國家某一部門主管的業務） certain administrative as...
  • 策 : Ⅰ名詞1 （通「冊」 古代寫字用的竹片或木片） bamboo or wooden slips used for writing on in ancient ...
  • 研 : 研同 「硯」
  • 究 : Ⅰ動詞（仔細推求; 追查） study carefully; go into; investigate Ⅱ副詞[書面語] （到底; 究竟） actually; really; after all
  • 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...
  • 政策 : policy
  • 研究 : 1. （探求） study; research 2. （考慮或商討） consider; discuss; deliberate
  1. Facing with the adjustment blemish of the market and the government, knowledge problem and market growth degree etc, the article analyzes and arguments tmsm, the investment theory of the gapsm and two - mechanism forming reason and specialty of our country, and tries to explain and answer the question of breadth fluctuation, high risk, price decision, proceeds and investment strategy etc in the gapsm. since 80 ages, a series of the important development has all taken place in the world and the economy of our country, and it produced the deep influence on the growth of the security market, and particularly the information revolution, all markets forming one body and the quick development of the derivable security product brought the unprecedented macroscopic opportunity and power to the security market ; but at the same time our security market with the structure absurdity of participators, higher risk, irregular law, closed market, the validity of supervise and no science of market regulation does not accommodate to the macroscopic environment and so our country security market needs a new set of security theory with environment. according to the macroscopic and microcosmic environment, this article defines that our country security market is both a gapsm and the initial stage of the gapsm

    上世紀80年代以來，世界和我國經濟都發生了一系列重大的變化，對證券市場的發展產生了深刻的影響，尤其是信息革命、市場一體化和證券衍生產品的迅速發展，給證券市場的發展帶來了前所未有的宏觀機遇和動力，而同時我國證券市場參與者結構的不合理、較高的風險、不規范的法律、市場的不開放、監管的不完全以及不科學的市場調控等微觀市場環境條件與此宏觀環境並不適應，從而我國證券市場需要一套適應環境變化的股票理論；本文就是以這一宏觀環境和微觀條件為依據，把我國證券市場定義為既是政府主導型證券市場又是市場初期；並對我國證券市場二元制產生的原因、特點及特殊性進行了分析，並通過我國政府調節的實例進行了論證，並對投資理論和投資策略進行了研究，這對控制我國證券市場的高風險以及獲取收益都具有重大意義。
  2. Among the internal and external factors concerning dividend policy, the tax advantage of capital gains over dividend income is an important one that should affect both corporate considerations and investors " demand for dividends

    在與股利政策有關的諸多內外因素中，稅收效應是影響股利政策的重要因素之一。自從1967年farrar和salwyn提出稅差理論以來，有關股利政策稅收效應的理論和實踐研究得到了深入拓展。
  3. 1. reconstruction of practical strategy, establish and improve the current cooperation system, normalize the cooperation management structure, construct the balance share, normalize the decisions system, absorb the independent board system, revolute the economic and management system of government. the key task of government is to improve the law environment

    在深入研究與探討的基礎上，提出了相應的對策建議: 1 、實行戰略重組，建立和完善現代企業制度，規范公司治理結構，構建相對制衡的多元化股權結構;規范決策機制、引入獨立董事制度;變革政府的經濟管理模式，政府的重點任務是完善法律環境。
  4. Early in the thirties of the last century, the western economists began the study on dividend policy. there were three groups, the left, the right and the center. le ftist advocated low dividend, rightist maintained high dividend and center did not think dividend policy is relevant to enterprise valuation, they were called classical theory, later on, they have developed into modern dividend theory, including residual dividend theory, clientele effect theory, ownership structure theory, agency theory, signaling theory and transaction cost theory, etc.

    早在上世紀三十年代，西方經濟學家就開始了對股利政策的研究，形成了主張低股利的「左派」 、主張高股利的「右派」及認為股利高低與企業價值無關的「中間派」 ，其中前二者稱為股利相關論，後者稱為股利無關論，三者共同構成古典股利理論。
  5. In this paper, the newest empirical test of efficient market hypothesis ( emh ) was done in terms of the empirical test of capital asset pricing model ( capm ). because of the logical relationship between emh and capm, we tried to use a new method to find whether the emh theory is available in china ' s stock market. we did our research on the basis of emh ( efficient market hypothesis )

    本文從資本資產定價模型出發，首先回顧了有效市場假說的理論以及國內學者在這一領域中的研究成果，其次用實證研究的方法檢驗了該模型在中國的適用性，得到的結論認為在目前階段中國股票市場還不適合用資本資產定價模型來確定資產價格，最後對中國股票市場效率不足的原因進行分析並提出政策性建議。
  6. Due to the special equity structure in china, company governance does n ' t pay attention to protect the investors, so the empirical results show as follows : ( l ) it exists the negative relation between the proportion of state - owned stocks and corporate performance ; it does n ' t exists the remarkable relation between the proportion of circulation stocks and corporate performance ; the function of corporation in company governance depends on its owned stocks. ( 2 ) the performance of equity - scattered company is superior to that of equity - gathered company, the performance of corporation - gathered company is superior to that of state company. ( 3 ) in the protective industries, the degree of equity d oes n ' t influence the performance, state - owned stocks play a leading role, there is a negative relation between the proportion of its stocks and croa, but there is n ' t a remarkable negative relation between the proportion of its stocks and roe ; in non - protective industries, the performance of equity - scattered company is superior to that of equity - gathered company, and the proportion of corporation stocks rise, the influence of proportion on corporate performance depends on its owned stocks. finally, it gives some reasonable suggestions and discusses the limits of research

    由於在我國特殊的股權結構下，公司治理對投資者缺乏保護，實證結果表現為： （ 1 ）國家股股東持股比例與公司績效存在負向關系；流通股股東持股比例與公司績效之間不存在顯著的關系；法人股股東在公司治理中的作用依持股水平而定； （ 2 ）股權分散公司的績效優于股權集中公司，法人集中公司的績效優于國有集中公司； （ 3 ）在保護性行業，股權集中程度對績效的影響不顯著，國家股佔主導地位，其持股比例與績效指標croa存在負向關系，與績效指標roe存在不顯著負向關系；在非保護性行業，股權分散公司的績效優于股權集中公司，法人股比例上升，其持股比例對公司績效的影響依持股水平而定。最後，提出相應的政策建議並討論了研究的局限性。
  7. In the relative problems of domestic research the research on the relation of stock market and economic growth is also penetrative, especially because the relation in our country is different with the one in developed countries, the stock market is easy to be influenced and is so called policy market, our economic policies have a great effect on economic development, so the prospering and depressing economy has a certain relation with economic policies

    在國內的相關問題的研究中，對股票市場、經濟增長的關系研究也比較深刻；特別是我國的經濟政策與股票市場的關系與發達國家的關系不完全相同，股票市場受政策影響巨大，股票市場是「政策市」 ；我國的經濟政策對經濟發展的影響較大，經濟的過熱、過冷都與一定的經濟政策相聯系。
  8. This paper has studied countermeasures to the above main problems, including perfecting property form of national capital, promoting stock detraction of company, developing capital market, perfecting the law of merger and takeover, correcting government action etc. at the same time, the government should enforce guiding in policy and relevant construction so as to push the work of merger and capital recombination forward smoothly

    本文針對這些主要問題，提出並研究了相應措施，包括完善國有資產所有權實現形式，促進公司股權結構分散化，大力發展資本市場，完善國企並購重組的法律框架，規范政府行為等，同時加強政策引導和配套建設，以推進我國企業並購重組的順利進行。
  9. The following conclusions are summarized from this empirical study ; ( l ) the " expected pretax monthly returns of stocks are positively correlated to dividend yields. investors need higher pretax raturns to offset the disadvantages of dividend tax, ( 2 ) the effect of dividend tax is significant on ex - dividend - day and monthly yield, but the tax effect on yearly yield is not confirmed, ( 3 ) there are other factors affecting stocks " expected returns besides tax during the ex - dividend days

    對紅利徵收所得稅影響投資者我國股利政策稅收效應的實證研究的實際收入，投資者因此需要更高的期望收益以彌補稅收帶來的損失： （ ）股利所得稅對股票除權日和股利支付月份的期望收益率影響明顯，但對年期望收益率的影響沒有得到證實； （ 3 ）股利發放期間，除了稅收的影響作用外，還有其他因素對股票的預期收益率產生影響。
  10. In a perfect walrasian market with no taxes or transations " costs, share prices on the ex - dividend day would fall by exactly the value of the dividend that is paid on each share. however, it is well documented that stock prices do not fall by full amount, on average. following elton and gruber ( 1970 ), we use chinese data to examine the effect of dividend taxes on investors " relative valuation of dividends and capital gains

    作為稅收金融效應的研究方法之一，股票除息日股價行為研究與公司的股利政策息息相關，直接關系著公司的股利政策是否能夠達到使得股東稅后收益最大化的目標；我國股票市場目前投機過度，現金股利被統一的課以20的個人所得稅，而資本利得稅尚未開征，這方面的研究也可以為資本利得稅的開征提供一個實證依據。
  11. This paper includes five parts. the first is to review the study on the subject ; the second is to discuss the characteristic of chian ' s stock market. the change of money - admitted policy and the questions on the study. the third is to verify the size effect in china ' s stock market by using correlation test and regression test on the bases of four different criterions, each criterion will be applied with two time - series methods. the fourth is to summary the main character of four different criterions, and apply joint test to the criterions that were proved the best concerning the size effect. the illiquidity risk was introduced to the study, the indexes of turn - over rate and the fluctuation of turn - over were used here. however, other factors that may influence the invest return rate as circulating rate and size were also included. according to the result, the size effect will be interpreted. the fifth is to summary the size effect and its explaination, and then to provide some useful invest strategies based on the conc lusion above

    論文分五部分，第一部分對小公司效應的有關研究文獻進行回顧;第二部分我國股票市場的狀況、資金供給政策的變化和我國股票市場實證的相關問題進行論述;第三部分對我國股票市場的小公司效應按照四種不同的規模標準分類，每一種標準均分兩種不同的統計周期分段標準進行實證分析;第四部分小結不同的規模分類、不同統計周期分段的統計結果特徵，然後對小公司效應最明顯的規模分類標準進行多因子聯合回歸分析，這里引入了流動性風險因素，其用換手率和換手率波動指標來衡量，還分別引入了其它影響投資收益率的因子，分別是規模、流通比例。
  12. The behave and harm of insider control in state enterprise is discussed. the reason of insider control is analysed, me chain of consign and the lack of proprietor the unmatching of residual control and proceeds ; the deficiency of inspiring with manager ; the disfigurement of supervision and restriction etc are the reasons of insider control. the advice of controlling insider control is discussed from the angle of game theory, and think that big shareholders of enterprise have more power to supervise operator. in order to settle the question of insider control, the bestiring and inhibiting of manager should be consolidated. the superiority of employees in enterprise is emphasized in controlling insider control. the paper puts forward a new model to measure intrinsic value of human capital of manager, the compenhensive valuation metrix to decide the efficenncy of management and performance adjustment of human capital of manager

    這是本文研究的意義所在。本文論述了我國國有企業內部人控制問題的表現和危害，比較了我國國有企業與國外企業的內部人控制問題的差異及特點。在分析委託代理鏈冗長及所有者缺位、經營者剩餘控制權和剩餘收益權不匹配、對公司經理人員的激勵嚴重不足、監督約束機制不健全等是形成國有企業內部人控制的主要原因的基礎上，從博弈論的角度探討控制內部人控制問題的政策建議，認為股權集中的大股東有更強的動力去監督目標公司，解決內部人控制問題在於強化對經理人員的約束、激勵。
  13. Based on stability in dividend policy, this paper studies on the quantity and form of dividend

    本文從股利政策穩定性的角度出發，對我國上市公司股利支付數量和支付形式進行研究。
  14. Although there are lots of papers and monographs making researches on the relationship between monetary policy and stock market, most of them are qualitative. and some papers appeared evaluating the transmission mechanism of monetary policy through stock market, but few of them adopt the modeling idea of system, thinking in the whole and paying attention to the details

    在有限的實證文獻中運用的實證方法有值得探討的地方，國內的一些研究貨幣政策通過股票市場上傳導方面的定量研究中，採用系統的建模思想，從整體的角度去思考，並且注重細節的論文並不多見。
  15. Study on the statute policy of high - tech enterprise applying executive stock options prompting system

    我國高科技企業實行股票期權激勵制度的法規政策研究
  16. Therefore, the author considers that it is of importance to research dividend policies accounting to the companies " professions

    由此，筆者認為，分行業研究股利政策影響因素南京工業大學碩士學位論文有意義。
  17. To take charge of such " divergence " to a minimum, this thesis takes the listed companies of different professions as its research samples, seeks the affecting factors of the dividend policies on the companies of all professions ( taking the requirement that the sample value should be no less than 30 in the t test into account, this thesis focuses only on the factors whether to pay cash dividend and the factors affecting the cash dividend paying levers ) and then compares them with the results from the samples of the listed companies, and explores whether these are some distinctions existing and whether it is of significance to research dividend policies according to the profession that each company belongs to

    為了將這種「偏離」控制在最小范圍，本文分別以各個行業的上市公司為研究樣本，尋找影響各個行業上市公司股利政策的因素（考慮到t檢驗時樣本量不小於30的要求，本文只研究影響是否發放現金股利的因素和影響現金股利發放水平的因素） ，並與以全體上市公司為研究樣本所得到的結果進行比較，考察是否有區別，區別是否顯著，從而判斷分行業研究股利政策是否有意義。本文將分以下五章。
  18. On the relation between implicit contracts and dividend policy

    隱性契約與公司股利政策研究
  19. These theories have respective reasonable aspects, however they also have respective shortcomings. meanwhile with the change of economic environment and the development of subject, people probe it from wider fields and make some new study achievement, such as clientele effect theory signaling hypothesis, agency cost hypothesis

    本文對現代西方財務學的幾個重要特徵，尤其是與股利政策研究密切相關的部分作簡要評述，並對西方股利政策理論發展作綜合性評述，為中國將來股利政策研究提供了借鑒性理論基礎。
  20. To illustrate the research, empirical study of shanghai beiling company is conducted. it ' s profit distribution policies are examined and analyzed

    作為高新技術企業股利政策研究的應用，本文在研究上海貝嶺公司的利潤分配改革方案的基礎上，對該方案的具體措施進行了評析。
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