新發行市場 的英文怎麼說
中文拼音 [xīnfāhángshìchǎng]
新發行市場
英文
new issue market-
With the rapid development of the security stock market especially the stock market in chian ， issuing stock and circulating on market became the first choice of financing for more and more enterprise at the same time ， more and more investors are attracted by the relately high initial return of stock however ， the problem of ipos underpricing always exists in the stock market according to the data of more than one thousand chinese stocks ， most new issues had great raise in the first trade day ， and investors could acquire higher initial return than the average return of the stock market or the same industry we find that initial returns on a - share ipos average reached 132. 24 percent the main body of this paper is made up of six sections ： in the first part ， we introduced the method of the estimate of pricing decision ； in the second part ， we analyzed the method of the pricing decision and issuing system in china ， discussed the advantage and weakness of the various issuing methods ， and compared the economic efficiency between the examine and approve system and authorization system ； in the third part ， we analyzed the reason of ipo ' s underpricing in detail from information economics and other factors and combined with the environment of the chinese stock markets ， we analyzed the special characteristics in china and how they effect the ipo ' s underpricing in the fourth part ， we analyzed the data of chinese stock market with spss ， made a analysis of the administrative pricing decision and market pricing decision ， studied the underpricing phenomena of chinese stock market ， and analyzed it ' s causes ； in the fifth part ， we made a analysis of the examine approve system and authorization system ； and in the last part ， we drew some conclusions and put forth some policy advices the follow are the conclusions and policy advices in this dissertation ： （ 1 ） from the results of this empirical study ， we found that the issuing price - earning ratio and the market situation before ipos are strongly and positively associated with the underpricing of shares ， the issuing scale of ipo and the hit rate are strongly and negatively associated with the underpricing ； （ 2 ） we found that after the abolishing of ipo ' s p / e ratio and the using of authorization system ， there is no significant difference among the underpricing of shares ， but considered with the market entironment ， we think that the ipo ' s underpricing has been correspondingly reduced （ 3 ） to reduce difference between the primary market and the second market ， we suggested that we shall bring the " over - allotment option ( oao ) " to bear and resume the state - owned share and corporate - owned share to circulate on market as soon possible
本文的主體由六個部分組成：第一部分介紹新股發行定價的估值方法；第二部分對我國的發行定價方式和發行制度進行分析，探討不同發行定價方式的優缺點，以及審批制和核準制經濟效率分析；第三部分從信息經濟學角度和其他因素的角度詳細分析造成新股發行抑價的原因，並結合我國股票市場實際情況，分析了我國市場的特有因素是否及如何影響一級市場的發行抑價程度的；第四部分利用統計分析軟體spss對我國新股行政化和市場化定價進行實證分析，主要包括新股發行行政化和市場化定價方式的實施情況和效果分析、新股發行行政化定價方式的實證分析，以及新股發行行政化和市場化定價方式的比較實證分析；第五部分利用統計分析軟體spss對我國新股發行審批制和核準制進行實證分析；第六部分是本論文的主要結論。本文的主要結論和建議有： （ 1 ）從實證分析結果看，我國新股發行抑價與市場環境、發行市盈率呈顯著正向關系，與發行規模、申購中簽率等呈顯著反向關系。 （ 2 ）取消發行市盈率限制和實施核準制等市場化改革措施並沒有降低發行抑價的絕對水平，只是由於市場環境的因素，發行抑價的相對水平才有所降低。While discussing the future development trend of chinese ngos in transformation period, the author suggests that ngos set up good inter - dynamic relations with governments, establish effective communicative channels and communion mechanism, try to construct a new mode of cooperation between government and society. the proposed solution can be simply described as follows : let ngos play their roles on the things that the government are unable or unwilling to do, sufficient mandate and support from the government ; on the things that both the government and ngos can do, let ngos give full paly of their roles ; leave the government only to with things that beyond the powers of the market or the ngos
在從宏觀上探討轉型期中國非政府組織的未來發展的趨勢時，強調非政府組織與政府的良好互動關系，建立有效的溝通渠道和交流機制，試圖構建一種「政府與社會合作」的新型模式。具體分工思路是:在政府不能或不應做的事情上發揮非政府組織的作用，政府予以充分的授權和支持;在政府行政手段和社會自治方式都可以完成的事情上，盡量發揮非政府組織的作用;而政府只去履行市場和非政府組織都無法完成的職能。The worldwide corporate governance movement that the 90 ' s of 20 centuries appear, through 10 years " development, have entered for mature stage, the focus of corporate governance movement changes gradually from the establishment of the corporate governance principle to the practic, namely how an individual listed company establishes corporate governance strategy according to the corporate governance principle, increasing the level of corporate governance, and how the investors decide their investment based on corporate governance. at the end of 90 ' s, standard & poor ' s, clsa, deminor etc. starts to release their corporate governance rating service at the emerging market and the developed market
20世紀90年代出現的全球范圍內的公司治理運動，經過10年的發展，已經進入成熟階段，公司治理運動的焦點逐漸由宏觀層面治理原則的制定轉向微觀實踐，即單個上市公司如何根據公司治理原則制定公司治理戰略，提高公司治理水平，以及投資者如何基於公司治理進行投資決策。相應地，作為公司治理量化指標的公司治理評級在90年代末開始逐步發展起來。 90年代末21世紀初，標準普爾、里昂信貸、戴米諾等評級機構開始在新興和發達市場推出公司治理評級服務。The main problems are : the party is not separated from the government and the power of the party committee is over - concentrated ; managing is over - staffed and the style of management is out - of - date ; the government organization is carved up and the functions of the government is dismembered ; the functions of the governmeng has not essentiallg transformed and their responsibilities are in confusion ; the financial system is imperfect, so the financial capacity of the township is muck limited ; the function of the people ' s congress is so weak that its initiative has n ' t been brought into full play ; the contra diations between the town ship government and the urllage lommittee are sharpening and the regular work is notin normal progress. the causes for these problems are complex. in my opinion, the causes are closely associated with the effect of traditional system of organization, the restricton of administrative surroumding and the unfithess of personnel qualith. and that ' s because the construction of the leqal system is backward and the administrative area is not rationally divided
這些特點和我國實行市場經濟體制的新形勢，暴露了當前鄉鎮行政管理中存在的突出問題，主要表現在：黨政不分、黨委權利過分集中；人浮於事、管理方式陳舊；機構條塊分割，政府職能被肢解；政府職能尚未根本轉變，責任錯位；財政體制不完善、鄉鎮財政舉步維艱；人民代表大會功能柔弱，作用沒有充分發揮；政府與村委會矛盾加劇，工作難以正常開展等等。這些問題存在的原因比較復雜，主要是傳統體制、行政環境的影響和隊伍素質、法制建設的不適應。The purpose of this thesis is to find an adaptive marketing strategy under the current situation for s company and other egg chicken breeding farm through demonstration studying on s company and marketing theory studying. the thesis includes 4 parties. in part 1, it gives us a brief introduction of egg chicken breeding, the future tendency of egg industry and the marketing situation of s company
本論文是在現代市場營銷學理論指導下，結合理論對s公司進行實證研究，反思s公司綠色雞蛋的市場營銷工作，通過對產品和市場的研究，重新進行市場細分，選擇目標市場，進行市場定位，從而制定出適應當前市場條件的營銷戰略和相應的營銷策略，對s公司的發展具有重要意義。China has a vast population and a broad market, thus liquor consumption owns a considerably potential market in china. however, due to the intence yet disorder competition of the present market, the marketing of the liquor industry in china has fallen into an rather awkward dilemma. the hidden trouble, the lurking danger, cause the businessmen in this line unable to extricate themselves from a low - leveled ricious competitive cycle. such severe challenge also confronts yuechitequ company. therefore, the most urgent problems waiting for resdring lie in how to take advantage of the present resoures effectively, how to distinguish the market situation, and how to institute a scientific product - popularizing programme in order to keep the enterprise standing undefeated in the intense competition, and develop the enterprise rapidly, favorably. this thesis makes a thoughtful analysis about the external conditions of market and internal ones resources in the yuechitequ by means of inrestication through questionaire and scientific data processing. in the second part, with the application of stp system theory of marketing and new - product - pricing theory, it designs and further expounds the popularization of the new products of this company, then forms a excutable performance and makes a constant rerision via market practice. in this way can it explor a suitable road to popularize the products in the liquor market, help the enterprise to free from the difficulties and progress healthely, consitently
本文通過在岳池特曲公司現有產品市場進行問卷調查，運用科學的數據處理方法對所回收的658份問卷統計分析，以及利用美國哈佛大學商學院著名教授邁克爾?波特（ michaelporter ）提出的五種力量模型和價值鏈與vrio分析理論，對白酒市場的公開數據細致分析，以明確四川省岳池特曲酒業有限公司實施新產品市場推廣所面臨的市場條件和內部資源條件，在此基礎上，本文運用市場營銷學中stp系統理論、新產品定價理論等，對岳池特曲公司推出的白酒新產品進行市場細分、確定目標市場和市場定位，並根據市場營銷4p理論制定新產品的產品策略、價格策略、渠道策略、市場促銷推廣策略，形成最終整體完善的可執行方案，再通過市場實踐對推廣方案進行檢驗、修正，力圖在酒類市場中探索一條新產品市場推廣的適用道路，並幫助企業擺脫困境、邁開步伐、持續健康的發展。Then the fifth part and sixth part picture the historical and current status and developing process, and make up a model to account for the formative factor of ipo underpricing from administrative pricing to marketable pricing
第五部分和第六部分闡述了我國發行市場的演變進程和現狀，通過構造多元回歸模型對行政定價和市場化定價方式下的新股發行抑價原因進行實證分析。Leads ahead in the market with unique style, high quality and reasonable price
它是公司自行研發的一種新產品，市場中沒有類似的產品，具有非常大的市場潛力。As the futures options is introduced, the market shows a much stronger need for s a market maker system, an efficient way to active and regulate the market and provide liquidity
期貨市場要發展，就需要進行制度創新。做市商制度具有活躍市場、穩定市場的功能，是提高市場流動性和規范發展市場的有效手段。Moreover, it compares the state - owed commercial bank with big 1000 banks in the world, the branches of foreign capital bank in china and the main commercial banks of a few developed countries and puts forward the advantages and deficiencies in realistic competitive power and potential competitive power of state - owed commercial bank of our country. through the study on evolving course of the state - owed commercial bank of our country, the thesis has analysed it ' s history of the development and current situation, and has made a detailed analysis and evaluation of the environmental factors which have influence upon the core competitive power of the state - owed commercial bank, and then offered seven suggestions that promote the core competitive power of the state - run commercial bank : accelerating paces of the reform in the property right and managing mechanism transformation of the state - owed commercial bank ; making innovations of service for strength and competing for high - quality customers ; probing the ways of dealing with bad assets of the state - owed commercial bank ; improving the marketing strategy of the state - owed commercial bank on the market ; setting up the corporate culture according with the state - owed commercial bank ; improving the bankers " quality ; constructing the organization for the studying type in the state - owed commercial bank
本文在深入調查研究並閱讀大量的文獻資料的基礎上，對企業核心競爭能力相關理論進行了探討和研究；構建了國有商業銀行核心競爭能力分析的基本框架和指標體系；將國有商業銀行與世界1000家大銀行、在華外資銀行分支機構、以及幾個主要發達國家的主要商業銀行進行了比較分析，從而提出我國國有商業銀行在現實競爭能力、潛在競爭能力方面的優勢與不足；通過對我國國有商業銀行的演變過程的研究，分析了其發展的歷史和現狀，並對影響國有商業銀行核心競爭能力的環境因素進行了較為詳細的分析和評價；進而有針對性的提出了提升國有商業銀行核心競爭能力的七點對策：加快國有商業銀行產權改革和經營機制轉換步伐；加強服務創新，競爭優質客戶；探索國有商業銀行不良資產處理途徑；完善國有商業銀行市場營銷戰略；建立符合國有商業銀行的企業文化；提高銀行家的素質；構建國有商業銀行學習型組織。Through the research on the new trend of the power industry and the regulations on the behaviors among the social entities, this article postulates the external characteristics and the internal structures of the new electricity law so as to provide the author ' s personal opinion on the appropriate legislations of the new power market
通過研究電力工業的發展趨勢和社會主體間的行為規范，擬定了新電力法的外部特徵和內部結構，對新電力市場應具備的法律規范提出了幾點意見。At last, this thesis gives relative strategies for jing - zhi company such as adjusting the strategy and marketing position, setting up risk controlling system and taking anti - risk measures, making standard contract, establishing scientific human resources managing system and taking valid encouraging measures, designing rational portfolio and setting up a system of announcing transparent information
提出景智公司應根據經營環境的變化重新進行市場定位和戰略調整；針對景智公司在運作私募基金中面臨的不同風險，提出設置具有風險控制功能的組織結構和建立風險內控機制；針對景智公司存在的阻礙發展的不同問題，提出規范合同契約、建立科學的用人機制和激勵約束機制、設計合理的投資組合利建立規范的信息披露制度。The thesis consists of 4 parts as follows : the first part introduces the ipo under pricing and analyzes its reason ; the second part introduces the methods of ipo pricing estimation ; the third part analyzes comparably the international market pricing and studies the advantages and disadvantages of ipo pricing ; the fourth part sums up the evolution of chinese ipo pricing methods and analyzes the problems and puts forward the advice of perfecting the ipo pricing
第二部分介紹新股發行定價的估值方法。第三部分對國際上常用的市場化定價方式進行比較分析，探討不同發行定價方式的優缺點。第四部分總結了我國新股發行定價方式由行政定價方式向市場化定價方式逐步轉變的過程，分析實施效果和存在的問題並提出進一步完善新股發行市場化定價方式的建議。New - issue market
新發行市場New issue market
新股發行市場The characteristics of china stocking exchange and the gradual process of the issuing principles of new stocks are introduced in advance and then the importance of selection and accuracy of research sample and result, caused by the organization system of china ' s stock issuing market, the volume management principle, the marketing assistance principle, the verifying principle, the selling principle, the pricing principle and the change of issuing way involved are put an emphasis on. here the research sample of new stocks ( a - share ), issued and marketed in shanghai stock exchange from 2001 to 2002 are defined by synthesizing all of other elements
論文首先介紹中國證券市場的特點以及新股發行制度的演進歷程，強調中國證券發行市場的組織體系、額度管理制度、上市輔導制度、審核制度、承銷制度、定價制度、發行方式變遷對研究樣本選擇和研究結果準確的重要性，並綜合考慮其它因素確定2000 - 2001年在上海證券市場發行並上市的新股（ a股）作為研究樣本。Below thesis is based on ground investigation and practice on sichuan publishing market and sichuan xinhua bookstore group and their sub - stores. it detailed analyzed the competition environment of sichuan xinhua bookstore group under current new situation, thus lead to a primary research and an outlined summary on its chain operation strategy. referenced from success stories of other chain operated businesses and the business administration theoretical knowledge from sichuan university, also i proposed some useful methods and suggestions for sichuan xinhua bookstore for their transform from traditional sales to modern chain operation
本論文在對四川出版物發行市場和四川新華書店集團及其基層書店進行大量市場調查和實習實踐的基礎上，詳細分析了集團在新形勢下的各種競爭環境，進而對其實施連鎖經營模式進行了初步分析和研究，借鑒其他商業連鎖經營的成功經驗，以及自己在四川大學接受的工商管理的理論知識，對集團下一步從傳統銷售方式向現代連鎖經營模式轉變提出了一些可以為之所採用的實施措施和建議。The monopolistic equilibrium in newspaper market is5 obviously distinctive from that of neoclassical theory because of the mutual interdependence of the performance of newspaper firms in circulation market and in advertisement market
摘要報業廠商在發行市場與廣告市場上經營行為的相互依賴性，使報業市場的壟斷廠商均衡明顯不同於新古典的壟斷廠商均衡。1 issuing market primary market : the period starts from issuer s planning stage to passes a series of procedures and finally until bond is handed to subscribers
一發行市場初級市場：自發行人著手籌畫發行新債起，經辦一連串必要手續到債券撥予應募人為止的全部過程。Basing on the theoretical and empirical analyses, the paper gives some important countermeasures and suggestions that build efficient ipo market of china from some aspects which are respectively the regulation system of ipo issuing, the method of ipo issuing and pricing, the development of investment bankers, and presents the stratagem about the reform of stock issuing regulation mechanism in china
論文在理論分析和實證分析的基礎上，通過對中國ipo市場股票發行定價方法的研究，得出新股發行市場化的對策與建議。並且針對我國股票發行管理制度的改革戰略，借鑒國際市場常用的累計投標方式，參照我國工p0市場現狀，提出了目前新股發行定價方式的改革方向。分享友人