期中股利 的英文怎麼說
中文拼音 [qīzhōnggǔlì]
期中股利
英文
interim dividend-
The point analyses the composition and efficancy of the structure of corporate governance with the modern administration theory. lt systematically sets forth and compares the features and development of the structure of the corporate governance in chinese and western. by analyzing the present situation of our listing companies, it points out : " the internal control " can be considered the inevitable phenomenon, emerged in the period from the socialism planned economy to the market economy in china ' s state - owned enterprises. by the means of gathering a vast amount of data and analying cases and charts, it gives the conclutions : because the enterprise inform is progressed " step by step ", the internal controlling in our country has assumed its own features : the enterprise is in the concussion between the " super - powerful controp ' of external and the " super - weakly control " in internal. those popular phenomenon have been looked as the principle manifestation of " the internal control " which taking the national stock as the ma in part and holding the post of chainman of the board and the chief manager in company to the same man
本文利用現代管理理論和現代企業理論來剖析公司治理結構的組成和效率體現，對中西方公司治理結構的特徵和歷史發展作了較系統的闡述和比較，並且運用大量的數據對我國上市公司治理結構進行了實證分析，指出： 「內部人控制」是在我國社會主義經濟向市場經濟轉軌時期，國有企業公司治理結構中出現的一種必然現象。本文在闡述公司治理結構特徵和功效的基礎上，通過大量數據的收集、案例分析和圖表處理來分析我國企業治理結構的歷史變遷並揭示出：由於我國企業改革是「漸進式」的， 「內部人控制」表現出其自身的特點：企業處于外部「超強控制」和「超弱控制」的兩極震蕩中。作為最具我國現代企業代表特徵的上市公司，因為以國家股為持股主體，董事長和總經理兩職兼任的現象甚為普遍而成為目前企業事實上的「內部人控制」的主要表現形式。Firstly, some basic concepts are not clear, such as what is the status of the company under liquidation, how to define the action of the industrial - commercial authority ' s invalidation of the license of the company, whether or not the share holders can sue to disincorporate the company, is it legal to dissolve a company without liquidation, what is special liquidation, under what situation will a company be obliged to disincorporate, who will be responsible for liquidation after the dis incorporation, etc. secondly, some primary legislative principles about disincorporation and liquidation that are adopted in foreign countries are not established in china, such as a company must be liquidated before disincorporation except for acquisition, the company remains valid during the liquidation until it finishes the invalidation registration, an ordinary liquidation must be replaced by a special liquidation under the instruction of the court when there is an impediment or a fraud, the company should apply to the court for bankruptcy when it is found that its debt is over its asset during the liquidation, the number of people execute liquidation can be several or just one, companies applied for annulment shall be judged by the court and must be liquidated, etc. thirdly, china does n ' t have some of the fundamental rules that are specified in the laws of foreign countries, such as the rule of disincorporation registration, the rule that the company should sue to let the court judge for disincorporation if there is a deadlock between share holders, the rule of credit trade - off in special liquidation, the rule that people who execute the liquidation are jointly responsible for compensating the loss of the third party caused by their activities that are illegal or vicious, the rule of special liquidation, the rule of the representation of the people who execute the liquidation, the rule of the court supervising the liquidation in an inactive way, the rule of how long the accounts and documents should be kept after disincorporation, etc. because of the lack in research and legislation, the system for companies leaving the market is highly disorganized, which harmed the interest of the creditors and relevant people, increased the risk of market exchange, damaged the order of the market economy and the ethic of doing business, wasted the resources of the society, and impaired the authority and seriousness of the law
再次，國外立法上的一些基本制度我國沒有，如解散登記制度，股東出現僵局訴請法院判決解散制度，特別清算中的債權協定製度，清算人因違法或惡意對第三人承擔連帶賠償責任制度，司法特別清算制度，清算人的代表性制度，法院消極監督清算制度，帳薄及文件在公司解散后保存法定期限制度等。由於理論研究和立法的不足，造成了我國公司法人退出市場機制的嚴重混亂，損害了債權人和利害關系人的利益，增加了市場主體交易不安全感，破壞了市場經濟秩序和商業道德，浪費了社會資源，削弱了法律的權威性和嚴肅性。文章認為，完善我國公司解散和清算制度，應借鑒和引進發達國家的法學理論和法律制度，統一我國有關解散和清算立法，在基本概念、基本原則、基本制度、基本程序諸方面進行統一規范，填補立法空白，創設法院解散公司制度，廢除行政特別清算制度代之以司法特別清算制度，健全和嚴格違反清算規定的法律責任制度（包括民事責任，刑事責任，行政責任，改變現行行政處罰范圍偏廣，民事賠償范圍偏窄，刑事追究空白太多的不協調狀況） ，從而構築起科學的公司解散和清算制度，使之符合我國經濟生活的客觀需求，符合市場經濟發展的基本方向，並與國外立法通例趨同。Therefore, the company law of the countries all over the world confer rights to learn the truth on shareholders, which including the right of inspecting financial accounting report, the right of inspecting books and records, the right of inquiry and the right of request for empanelling inspector. the author writes the paper to present the assumptions on how to perfect our system of shareholders ’ rights to learn the truth, by drawing on other countries ’ successful experience of legislation and analyzing the shortages of our existing laws. this article is composed with four chapters
因此在借鑒各國公司立法經驗的基礎上，本文認為，要完善我國股東知情權制度首先應在我國公司法律制度中賦予股份有限公司股東查閱公司帳簿的權利，同時為防止股東濫用此項權利，應當對股東行使該權利時的正當目的、持股比例、持股時間以及行使程序上作出必要的限制;其次應當明確股東質詢權以及行使權利的范圍、程序，賦予股東在質詢權受到侵害時的訴權，並對法院的裁判賦予強制執行的效力，即責令董事會必須限期對股東的質詢作出充分說明。This article contains three parts, five chapters. the first part introduces the incentive models of actual bonus stock synoptically, analyses the stock on hand, option shares and stock option, the three kind of important incentive models, on rights and incumbencies, value and the incentive guidance by contrast. the second part discusses the difficulties and influential factors in the design of technical bonus stock, quests for the incentive models of technical bonus stock, analyses superiority and inferior position in action, difference and interosculation between them, discusses the need and significance for the technical bonus stock reanimation in the middle - small technicalfilms. in order to make use of the technical bonus stock distribution mechanism fully, inspire the talent of technologists, encourage their devotion to films, we have some important discussion on the technical bonus stock distribution policy, introduce the distributed models of technical bonus stock, point out the questions in the excutive course, and offer the solution correspondingly. in the third part, we discuss the technical stock option design on middle - small technical films, and consider the logical thoughtfulness in the course of reanimation as follows : the more outstanding achievement for the powered man the more increase on special target the lower price on technical option premium the more profit the more effective reanimation. in the parameter, a set of detailed program is designed, which includes establishment of incentive fund, institution of merit system for the plan ' s grantors, award of stock option, determination of premium, so as to reduce random in the incentive course, have a great effect on the mormative management for the
本文內容共分為五章三大部分，第一部分概括性地介紹了現行股權激勵方式，對現股、期股和期權這三種重要的激勵方式，從權利義務、價值和激勵導向三個方面進行了對比分析；第二部分探討了技術股權設計的難點和影響因素，討論了我國中小科技企業技術股權激勵的方式，分析它們在激勵中的優勢和不足，以及它們之間的區別與聯系，並對中小科技企業實施技術股權激勵的必要性和意義進行了探討。在文中還重點討論了中小科技企業技術股權分配的策略，介紹了技術股權紅利分配方式，指出在技術股權激勵過程中應注意的問題，並提出相應的解決辦法，目的在於充分利用技術股權分配機制，來激發技術人員潛在的創新能力，激勵他們為企業作貢獻；第三部分著重探討了中小科技企業技術股份期權的方案設計，在激勵方面，按照技術期權獲受人的業績越突出特定的指標增長越快行權價越低獲利越多激勵效果越好的邏輯思路進行考慮；在參數設計方面，對技術期權計劃中激勵基金、授予和考核、行權價格等參數進行了詳細地分析設計，旨在減少技術期權激勵過程中的隨意性，為中小科技企業的規范化管理起到一定的指導和借鑒作用。Chinese banks and insurance stocks outperformed the overall market, boosted by the anticipation of positive earnings enhancement from the upcoming income tax unification, strong gdp growth outlook and lower expectation of further austerity measures
市場預期所得稅即將統一會給盈利帶來正面影響， gdp增長前景看好，進一步緊縮措施出臺的預期也在降低，諸多因素推動中國銀行股和保險股表現超越整體市場。Along with china ' s entering wto, chinese corporations have to face much more cruel competitions which not only are product and market pri ? competition but also are persons with ability and institution competition0 so, how to design series of schemes which can arrest and make use of the seven seas persons with ability, how to optimize the manpovver resources, this are the key point for ali chinese corporations to found modern enterprise institutionso supervisor stock options are the most popular inspirit at present, which means the supervisors can buy themselves corporation stock at fixed pri ? and during a fixed period, so that they can gain the corporation ' s residual clainio at first, this paper discussed the basic stimulant theories by the numbers, and introduce how does the supervisor stock option take place, and its meanings, operation flow
如何設計出一種能夠吸引和利用全球一流人才，使人力資源配置最優化，是中國企業建立現代企業制度的關鍵。管理者股票期權是目前世界上最流行的激勵方式，它允許企業的管理者在一定的期限內，依約定的價格購買公司的股票，從而取得企業經營成果的剩餘索取權。本文首先系統地論述了企業家激勵的基本理論，介紹了經營者股票期權的發生、意義及其具體操作流程。The empirical evidence not only supports that the stock returns are higher during the dividend tax cut event week, but also suggests that firms paying lower dividends in the year of 2002 tend to have higher abnormal stock returns around the dividend tax cut event periods in 2003
實證結果不只證實股票收益在該事件周中變得較高，更顯示在2002年付較低股利的公司在2003年的股利稅率減免事件期間獲得異常高的股票收益。Moreover, this paper discusses the feasibility of option pricing theory by adopting cases. on the one hand, it admits this method plays a key role in the realization of " debt - in - lieu - of - equity " of state - owned enterprises and appraising the value of potential earning - capacity ; on the other hand, it illustrates the application of option pricing theory in appraisal is still immature. for it can not meet the prerequisite of the theory ; its result will not be generally accepted and the quality of appraisal staff are relatively lower, this method is not applicable to business valuation aiming at equity alteration. thus it should not be regarded as a brand - new appraisal method to be promot ed in the short run. in the finial the thesis forms its conclusion on method application of superseding cost method gradually. generalizing the use of income method and developing the sense of using option pricing method
由於成本法所固有的局限性，無法評估出資產組配成具有獲利能力的整體資產的創造性價值，因此注重企業獲利能力的收益法已成為轉軌時期中國評估業的現實選擇，並進一步對收益法的起源、方法特點和適用性進行了深入的分析；運用理性分析與案例分析相結合的方法對收益法發展的新階段? ?期權定價法應用於企業價值評估的可行性進行了研究，肯定了這一方法對國企實現「債轉股」和評估高新技術企業潛在獲利能力價值的重大意義，同時對此方法應用於企業價值評估不滿足前提條件、評估結果的可接受性、及評估人員素質等方面說明了這一方法在資產評估領域的應用尚不成熟，尤其不適用於產權變動為目的的企業價值評估，因而短期內不宜作為一種全新的評估方法推廣。The research conclusion indicates : the listed companies of china choose equity - financing first, bond - financing second ; in the bond - financing, the companies prefer to current liabilities ; the factors which impact the financing structure are the profit, the growth, the dividend, the equity - structure, the repayment - ability and the bankruptcy - cost. next the author analyses the financing - cost of the listed companies of china
研究結果表明:我國汽車製造業上市公司首選股權融資，其次才是債權融資，在債權融資順序中，上市公司更加偏好短期負債融資而非長期負債融資;對我國汽車製造業上市公司融資結構的形成具有顯著影響的因素主要包括企業利潤因素、企業成長因素、股利分配因素、股權結構因素、償債能力因素和破產成本因素。" but we are against market manipulation, specifically the manipulation of our currency market, taking advantage of our passiveness under the discipline of the rule - based currency board arrangements, to produce very high interest rates with a view to sending the stock market into a nosedive and benefiting from a short position in stock index futures
但我們反對市場操控，更具體地說是對我們貨幣市場的操控。由於我們在規范化的貨幣發行局制度下須遵守嚴格的規律，這些操控利用我們這方面的被動性造成極高息率，引發股市暴瀉，從而可在股票期貨沽空合約中圖利。In the latest round of attack in august, some hedge funds sought to engineer extreme conditions in the money market in order to benefit from large short positions in the stock and futures markets - the so - called double market play. the severity of the speculative attack and the manipulative element involved were unprecedented
在八月發生的最近一輪沖擊中，一些對沖基金故意在貨幣市場製造恐慌，以圖在股票及期貨市場積存的大量淡倉中獲利，也即進行所謂的"跨市場操控" 。The increase of 29 basis points in the composite interest rate in may 2006 reflected upward interest rate adjustments for customers time deposits and short - term interbank funds, which were mainly due to the initial public offering of bank of china which tied up funds of hk 274 billion in the later part of the month, causing a tightening of short - term interbank liquidity see
綜合利率在年月上升基點，反映客戶定期存款利率及短期銀行同業拆息向上調整，這主要是由於月份中下旬中國銀行首次公開招股凍結了，億港元，導致銀行同業短期流動資金緊絀見附件To profit from such disparities, enterprising investors have long combed the world ' s bourses looking for cheap stocks
為了在差價中獲利，長期以來企業投資商們就對世界各大交易所搜腸刮肚覓求廉價股。According to financial environment of the enterprise, consequently, the process of reaching the optimal asset and capital structure includes both short - term adjustment and long - term one ; to dividend policy, the paper focuses on the analysis of dynamic optimization of cash dividend strategy. enterprise financial strategy is composed of investment strategy, financing strategy and dividend policy strategy
企業實現其投資戰略實際是一個調整並保持現有資產結構達到最優資產結構的過程；而企業籌資戰略則是企業追求適應環境要求的最佳資本結構的過程，企業最優資產結構和資本結構的實現均包括短期調整和長期調整；股利政策戰略中，本文重點分析現金股利戰略的動態優化。Net profit attributable to shareholders was hk 83. 5 million compared with hk 178 million including an exceptional gain of hk 52. 4 million of the previous period
股東應占溢利則為8 ， 350萬港元去年同期之股東應占溢利為1 . 78億港元，其中包括5 ， 400萬非經常收益。In accordence with the part ' s class policies of rural areas, the provincial committee of hunan suggested in the prophase of the movement that middle peasants could not be sqeezed out, that the means of production could be put out to lease, that interests must be distributed according to proper proportion to those who bought a share with their lands, and that the policy of distributsll according to work must be carried out
湖南農業合作化運動前期，省委較好地貫徹執行了黨在農村的階級政策，提出不要排擠中農反對「左」的錯誤，提出要按勞分配的，允許生產資料工具出租，土地入股並按適當比例分紅，以適當照顧中農利益。如此，生產得到了發展，中農隊伍也得以壯大。Finally, it should be applied in a number of stages. at different stage of the life circle of hi - tech enterprises, different dividend policies should be employed. they are none - dividend, fixed payout ratio, residual dividend and lowed normal dividend plus extra dividend in stages of deliberation, setup, growth and maturity respectively
其中著重指出高新技術企業不同生命周期階段應採用不同的股利政策，在種子期採用零股利政策、創建期應用固定股利支付比率政策、成長期應用剩餘股利政策、成熟期採用低正常股利加額外股利政策。When the stock price volatility larger ( this paper volatility rate is greater than 0. 3 ), options to be installed over standard options, and when less than 0. 3 sigma rate fluctuations, the standard options are preferable to reload options, interest rate increases on the dividend with options to reduce the value of less than the standard options
當股價波動較大（本文中波動率大於0 . 3 ）時，再裝期權要優于標準期權，而當波動率小於0 . 3時，標準期權要優于再裝期權，紅利率的增加對再裝期權的價值減少要小於標準期權。This paper combined the character of the high - technology, analyze the incentive mechanism of the executive stock option, the outside conditions it need, as well as the obstructions of the applying of the executive stock option in china, and then the paper presents the method and the policy that we should adopt in order to solve these problems and apply the executive stock option in china high - technology enterprises
本文緊緊結合高新技術企業的特點，分析了股票期權在高新技術企業中的激勵機理、所需外部條件、目前在我國實施中所面臨的障礙，並對怎樣解決障礙，創造條件以促使股票期權在我國高新技術企業中順利實施，提出了相應的政策建議。Meanwhile, on the basis of financial report, it analyses the situation and forecasts the possible financial results in the future. section four analyzes how vanke decide dividend policy, which is the emphasis of the thesis
對其股利政策與中國上市公司的共性與差異作研究分析，並提出自己的觀點，以期能在上市公司股利決策方面提出一些較具參考價值的建議。分享友人