析產分股 的英文怎麼說
中文拼音 [xīchǎnfēngǔ]
析產分股
英文
revenuestocksplit- 析 : Ⅰ動詞1. (分開; 散開) divide; separate 2. (分析) analyse; dissect; resolve Ⅱ名詞(姓氏) a surname
- 產 : Ⅰ動詞1 (人或動物的幼體從母體中分離出來) give birth to; be delivered of; breed 2 (創造財富; 生...
- 分 : 分Ⅰ名詞1. (成分) component 2. (職責和權利的限度) what is within one's duty or rights Ⅱ同 「份」Ⅲ動詞[書面語] (料想) judge
- 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...
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Analytic personage points out, the share price of firm of not alexandrine city goes sign is possible because be restricted to make work current appear on the market in succession and appear differentiation, but current although a quantitative addition can arise to the market decrease maintain pressure, but the bounds of lift a ban made work 2007 current market prise photograph total to huge market market prise and do not calculate for the abundant financing on the market at present big
有分析人士指出,不同上市公司的股價走勢有可能因限售流通股陸續上市而出現分化,可流通股數量的增加雖然會對市場產生減持壓力,但2007年解禁的限售流通股的市值相對于龐大的市場總市值以及目前市場上充裕的資金來說並不算大。According the original thoughts, this paper circumstantiates how to carry this theory into chinese practice and how to eliminate the fundamental shortcomings if foreign standards applied mechanically. therefore, in a creative way, this paper establishes a feasible eva appraisal system according to chinese listed companies " character and demonstrates it on some listed companies, such as sichuan changhong co. ; tsingtao brewery company ; and harbor line companies. in one word, this paper wishes to provide a set of more practical and predictable standard in comparison with roe and eps
本論文正是根據其理論,首先著重對目前如何將經濟增加值實際運用於評估中國上市公司業績,進行針對性的分析和探討,從而逐步剔除機械套用國外指標體系的根本性缺陷,然後按照中國證券投資市場的特徵,創造性地建立一套符合中國實情地指標體系,同時運用這一指標體系對四川長虹、青島啤酒以及整個港口行業的上市公司五年間的業績變化情況做了仔細的運算和分析,並與現行的凈資產收益率、每股收益進行實證分析、比較,以期為上市公司業績評價提供一種更有預見性、更可行的指標體系。According to the differences in institutional financing and running, this article classifies the establishment and development of school operating in china into five models : founded by tuition and operated by private person, founded by enterprise and operated by educational chain, state - round school privatization, state - round school concessive running, operation by educational stock system. it analyses the establishment social background, existence rationale, main characteristics, encountering development problems, and future development of the five models. even though different models have different background, institutional predominance and limits, they all indicate their ability to effectively accommodate to and utilize market mechanism to promote the efficiency and benefit of school operating.
本文根據學校資金投入和管理方式的不同,將我國學校經營大致劃分為五種主要模式:即以私人籌資、以學養學為特徵的民辦學校滾動經營模式;以集團投資、以產養學為特徵的民辦學校連鎖經營模式;以公民合作、優勢互補為特徵的公立學校轉制經營模式;以校產國有、個人承辦為特徵的公立學校特許經營模式以及以股份籌資、專家治理為特徵的學校教育股份制經營模式,並對每種模式產生的社會背景、制度優勢和面臨的主要問題及發展前景進行了具體分析。In the years of errors and corrections respectively, through the empirical analysis on stockjobbing amount and price, it researches there ' s no difference on studied sample and control sample in appointed areas, and the investors of our securities business have no specially attention on these information. on the other word, we validate the corrections of accounting errors have no market conductibility. later, it analysis the reasons
分別在會計差錯的發生年度和差錯的更正年度中,通過測試和控制樣本的股票交易量、平均超額收益率和累計超額收益率在報表公布日前後各30天的時窗內的檢驗,說明我國證券市場的投資者對這類信息未予以特別關注,即我國上市公司的會計差錯及其更正行為不具有市場傳導效應,並進一步從理論上分析了這種現象產生的原因。This article takes the corrections of accounting errors as one of the profit - manipulate. it begins with the root and the objective condition of the profit - manipulate, to analysis the reason and motivation of the corrections of accounting errors. then, on the base of the effective market content and the capm theory, this paper analyses empirically the market conductibility of corrections of accounting errors with all " a " shares in 2001, and discovers there is no difference on stockjobbing amount and price
從利潤操縱存在的根源和客觀條件入手,分析上市公司進行會計差錯及其更正的原因和動機;然後,以有效市場假說的基本理論和資本資產定價模型為基礎,對2001年滬市a股所有進行會計差錯更正的上市公司進行會計差錯的發生和更正的市場傳導效應研究,通過檢驗發現,公司年度報告披露前後時窗內的股票交易量和股票價格並未存在顯著差異。Then the article analyses the causes of chinese listed companies " equity finance preference, the soft restraint of equity capital cost, the director and manager pursuing to the incurrence income, interests conflicts of big shareholders and minor shareholders and the undeveloped corporate bond market in china
然後,對股權融資偏好產生的原因進行了分析,認為股權資本成本的軟約束、董事和經理追求非貨幣收益、大股東與小股東的利益沖突、企業債券市場發展滯后等是我國上市公司股權融資偏好產生的主要原因。When the iliquidity risk was not included in the test, the size effects was proved to exist in china ' s stock market. from the reality of china ' s stock, it is believed that the abnormal return can be accounted for by the illiquidity risk caused by manipulation. to verify the hypothesis, the turn - over rate, fluctuation of turn - over rate, the rate were introduced into the study. this study provided a joint test of the factors above
這表明在我國的股票市場,小公司效應與投資環境有關,在時間上與管理層對股票市場的政策變化有較高的相關性。在不包含流動性風險的時候,對股票的超額收益與其規模因子進行分析,發現股票表現出小公司效應。筆者從中國股票市場的實際情況出發,認為小公司效應的存在是由於超額收益沒有考慮到市場操縱而產生的流動性風險。The difference between share right and share is that the former is a material right, while the later is a subject matter. the share right is transferable which is determined by its character about personal right, which is important to shareholders. the share right transfer is a conduct that a shareholder assigns his share right to somebody else on basis of law or article of association, and it is a significant way to implement the benefit of shareholders
因此,本文試從股權轉讓的概念、性質、特徵入手,分析歸納股權轉讓的理論基礎與基本原則,並通過對境外相關股權轉讓的觀點及立法例進行比較分析,結合我國當前有限責任公司股權轉讓制度的具體規定,得出現有立法在規范不同意轉讓之股東購買義務、優先購買權行使主體、異議股東退股權以及基於夫妻財產分割而發生的股權轉讓等方面存在著不足,並對此提出相關改進或完善建議。It is desirable for all related insiders and outsiders to discern all potential risk in advance. this paper, with the adoption of special treatment resulted from abnormal financial position as the indicator of financial distress, the univariate variable analysis and multiple variable analysis as the research approach and some financial ratios as variable, tries to find an optimal financial distress prediction model of chinese manufacturing listed companies based on public accounting data. our finding demonstrate that five general financial ratios and three ratios concerning the cash flow have better predicting ability, the erroneous classification ratio are low. these five general financial ratios are earning per share, return on net assets, return on gross assets, growth rate of net profits, growth rate of net assets ; the three ratios concerning the cash flow are net cash flows from operating activities per share, net re - earnable cash flows / current liability, net cash flows from operating activities / net profit
研究結果表明,在單變量分析中,每股收益、凈資產收益率、總資產報酬率、凈利潤增長率、凈資產增長率這5個財務比率的錯分率較低、預測能力較強;經營活動凈現金流量與凈利潤之比、每股經營現金流量、可重復賺取的現金凈流量與流動負債之比這三個現金流量財務比率對于預測上市公司財務困境具有有效性;多變量分析中,應用費雪判別分析和典則判別分析得到兩個判別模型,在典則判別分析中,應用兩種方法確定所建模型的最佳分界點,檢測證明應用所得兩個判別模型進行財務困境預測的準確率很高。Weight accounted for the greatest proportion of age - adjusted bmd variation ( e. g., at femoral neck, r2 = 0. 17 in males ) among four variables : weight, height, bmi and a principal component formed from weight and height
身高、體重、體重指數和從身高和體重的主成分分析產生的第一主成分是與骨密度有關的變量,在這四個變量中,體重是解釋骨密度變異(如:在男性股骨頸, r ~ 2 = 0 . 17 )最高的變量。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。With the introduction of two variables ? “ shareholders ’ supervision, portfolio of salary and control rights ”, we construct a new tmt “ principle ? agent ” optimizing model ; moreover, basing on mathematical analysis of company performance mechanism, a linear model of corporate performance and tmt incentive portfolio is built ; and also, variables of incentives and control rights are introduced to help parsing tmt incentive problems in the view of the shareholders ’ supervision and we succeed in separating the contribution of tmt ’ s ability to corporate performance from their endeavor. so we propose three ways to inspirit tmt ? annual salary design based on implicit value, performance - based bonus and stock ownership, and non - material incentive portfolio mode as well, which can overcome shortcomings of traditional single explicit material incentives system
引入公司股東監督變量、薪酬與控制權激勵組合變量構建新型的高級管理層激勵組合委託-代理優化模型;結合公司績效產生機理的數學分析,構建了公司績效線性模型與高級管理層線性激勵組合模型;引入股票期權激勵與公司控制權激勵變量,解析基於股東監督的高級管理層激勵問題,成功實現了公司高級管理層能力變量與努力變量對公司績效貢獻的分離解釋;提出了基於隱性價值的年薪設計、基於績效的獎金與股權設計、基於隱性需求的非物質性激勵組合模式,克服了傳統的單一的物質性顯性激勵的局限性。After instance analyzing already having distribute sale project and returning buying project, writer brings up the state - owned stocks distribute sale price between each share clean property and market price is comparatively reasonable, appropriate considering the market whole price ratio, growth and company performance etc. analyzed from accountancy, the reasonable price of the state - owned stocks returning buying base between the recently each share clean property and a half of share market price. writer perfects the state - owned stocks returning buying project, brings up adopting debts rights method to returning buying the state - owned stocks, in order to alleviate the listed company ' s capital press
對已有的配售方案、回購方案進行實證分析后,提出國有股配售價格在每股凈資產與股票市價的一半之間比較合理,適當考慮行業整體市盈率、公司成長性和公司業績等因素;從會計的角度分析得出,國有股回購價格以適當打折扣的最近每股凈資產為基準進行回購比較合理,並對國有股回購方案進行了完善,提出以債權的方式進行國有股的回購,以減輕上市公司在回購中資金方面的壓力。In the first part, we established a linear regression model, which has the three accounting hypothesis, security market supervision policy, industry factors, etc as its independent variables, chooses the 631 listed companies in the shanghai a share market in 2001, as its target. spss is applied to the descriptive analysis and regression analysis. finally, we give the explanation with the combination of internal political and economic environment in the second part, we choose the " st " company as the sample and make tendency and comparison analysis of the sample companies while implementing the policies on impairment of assents within 5 years
在實證研究部分,我們選取橫向和縱向兩個截面對上市公司選擇執行資產減值政策的影響因素進行分析,在橫向分析部分,首先建立了回歸模型,該模型將契約論的三大會計假設、證券市場監管政策、行業因素等作為自變量,選取《企業會計制度》開始執行的2001年度滬市a股符合樣本條件的631家上市公司作為研究對象,然後運用spss進行描述性分析和回歸分析,最後結合我國特殊的政治和經濟環境作出解釋。Through an empirical analysis of the relation between high - low p / e ratio portfolio and indexed rate of return, this paper verifies, from one angle, that the chinese stock market does not comply with the semi - strong efficient market hypothesis ; it then presents a regression analysis of the relation between equity structure and p / e ratio, proving that p / e ratio is inversely related to total assets
摘要通過對高低市盈率組合與指數收益率的關系的實證分析,從一個角度證明了我國股市不符合半強勢有效假設;並採用回歸分析法對股權結構與市盈率的關系進行了分析,證明了市盈率與總資產呈負相關關系。And reach the conclusion that the risks in chinese market are very high. second, i make an analysis of the factors influencing the unavoidable risks in china based on the research above
其次,本文在以上研究的基礎上分析中國股票市場系統性風險的主要影響因素,分析中國股票市場系統性風險產生的主要原因。In the first part, the writer first thoroughly analyzes the subjects and its actions contained in several concepts, such as " enterprise merger " and " enterprise combination " which are frequently used in the sense of enterprise law and " company combination " used in the sense of company law. on the basis of the connotation of enterprise combination set in german ' s law of opposing restrictions on competition, the paper suggests that a special term should be created when our country issue anti - monopoly law in the future in order to regulate the combination - " the enterprise combination ". what ' s more, its scope is not confined to the fact that one enterprise gains the property or shares of another, but enlarged to a way of ownership that one enterprise could have dominant influence on another
在第一部分中,筆者首先對我國目前企業法意義上常用的「企業兼并」和公司法意義上「公司合併」等幾個概念所規范的主體和行為作了詳細分析,並在借鑒德國《反對限制竟爭法》有關企業合併的內涵的基礎上,建議我國在將來頒布反壟斷法以規范企業之間的合併行為時創立一個為反壟法所專用術語? ? 「企業合併」 ,其范圍並不局限於一個企業取得另一個企業的財產或股份,而是擴大到一個企業能夠對另一個企業發生支配性影響的所有方式。I introduce the background of the merger of stale - owned enterprise, the process of the development, the present situation and the problems that exist in the process of the merger, pass the concrete case example fiom act to theory, from single to totally character. by using the method of combining theories with actual cases, further analyze the problems of the merger between the state - owned enterprises. finally, bring up some resolutions : solve the roles of the government in the merger of the state - owned enterprises, make the law system perfect, establish levels and efficient capital market, speed up the progress of the circulation of the state - owned shares
在對具體案例進行詳細分析的基礎上,結合西方學者關于兼并收購的理論和我國學者的企業兼并重組理論觀點,以及我國國有企業兼并重組的背景、國有企業兼并重組的發展歷程和現狀,對目前國有企業重組中存在的問題進行分析;通過具體的案例從實際到理論,從個性到共性,用理論和實際相結合的方法,進一步分析產生國有企業兼并重組中產生這些問題的原因,並提出自己的一些關于如何從根本上解決國有企業兼并重組中問題的對策和建議:解決政府在國有企業兼并重組中的角色定位;完善國有企業兼并重組的法律環境;建立多層次和高效率的資本市場,完善市場監管制度體系;加快國有股的上市流通步伐;企業重組后注重核心競爭力的培養。Using some theories in microeconomic, game theory and information economics, this paper qualitatively analyzes the theoretical causes of stock market bubble and points out that asymmetric information, irrational investing behavior, contradiction between demand and supply as well as duopoly are major factors that result stock market bubble
本論文運用西方經濟學、博弈論及信息經濟學理論,定性分析了股市泡沫生成的一般性理論原因,指出信息不對稱、非理性投資行為、需求矛盾和寡頭壟斷是產生股市泡沫的幾個重要因素。Experts of the insurance company operate the investment accounts, the customers posses all the investment income and at same time undertake all the investment risk. since june 2001, the operation of the pingan century finance insurance is not really ideal. at the same time, many foreign capital insurance companies will be permitted to run their business in china after china ' s entering wto
論文通過對投資賬戶的資產分佈結構,投資收益,短期投資等幾個方面的探討,分析了資金運作存在的問題,提出了解決問題的可行方案,這些方案包括:在投資渠道方面,增加投資渠道,如投資金融債券和企業債券,投資股票市場,投資質押貸款等。分享友人