股本溢價 的英文怎麼說
中文拼音 [gǔběnyìjià]
股本溢價
英文
additional paid-in capital- 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...
- 溢 : Ⅰ動詞(充滿而流出來) overflow; spill Ⅱ形容詞(過分) excessive
- 價 : 名詞1. (價格) price 2. (價值) value 3. [化學] (化合價) valence
- 股本 : capital stock; capital; stock; equity股本比率 ratio of capital stock; 股本持有比例 capital shares...
- 溢價 : a reciation
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Starting from the definition of consideration, the paper states the theoretical and legal basis of consideration, and makes comparison between consideration and compensation. the content contains : ( 1 ) consideration is an important concept in the british and american law of contract ; ( 2 ) when nonnegotiable share turns to be negotiable, the price of negotiable share will decrease. therefore, if this action occurs, nonnegotiable shareholders should make promise to protect negotiable shareholders ’ benefits ; ( 3 ) shareholder structure premium is the basic theoretical basis of consideration payment ; ( 4 ) consideration is a reasonable compensation which contract beneficiary gives to sufferer, according to the fair principle of the civil law
對價從法律上看是一種等價有償的允諾關系,而從經濟學的角度說,對價就是利益沖突的雙方處于各自利益最優狀況的要約而又互不被對方接受時,通過兩個或兩個以上平等主體之間的妥協關系來解決這一沖突; ( 2 )把對價運用於股權分置改革,其基本含義是未來非流通股轉為可流通時,由於會導致流通股股價下跌,因此,流通股股東同意非流通股可流通的同時,非流通股股東也要對這一行為發生時將充分保護流通股股東的利益不受損作出相應承諾; ( 3 )股權分置溢價是支付對價的基An analysis of the group s turnover and other revenue is as follows : 2005 2004 hk 000 hk 000 provision of it services 50, 217 15, 342 provision of supply chain solutions 31, 601 10, 892 sales of packaged software products and related services 872 2, 422 system integration - 8, 762 others - 5, 822 - - turnover 82, 690 43, 240 interest income 12 - - - total revenue 82, 702 43, 240 3. profit from operations 2005 2004 hk 000 hk 000 profit attributable to coninuing operations 1, 985 1, 982 discontinued operations 9, 824 9, 628 - - 11, 809 11, 610 4. earning per share the calculation of basic earnings per share for the year is based on the following data : 2005 2004 hk 000 hk 000 earnings profit for the year used in the calculation of basic earnings per share 12, 035 11, 841 shares restated weighted average number of shares in issue for the purpose of calculation of basic earnings per share 421, 208, 703 291, 764, 706 the company completed a rights issue exercise in may 2005 on the basis of one rights share for every one ordinary share held at an issue price of hk 0. 02 per rights share. accordingly, the comparative figures was re - calculated based on the adjusted weighted average number of 291, 764, 706 shares to reflect the effect of the rights issue to the loss per share for the year ended 31st december 2004. 5. final dividend the board does not recommend the payment of a final dividend for the year ended 31st december 2005 2004 : nil
本集團之營業額及其他收益分析如下:二零零五年二零零四年千港元千港元提供資訊科技服務50 , 217 15 , 342提供供應鏈解決方案31 , 601 10 , 892出售套裝軟體產品及相關服務872 2 , 422系統集成- 8 , 762其他- 5 , 822 -營業額82 , 690 43 , 240利息收入12 -總收益82 , 702 43 , 240 3 .營業盈利虧損二零零五年二零零四年千港元千港元業務應占盈利虧損持續經營業務1 , 985 1 , 982終止經營業務9 , 824 9 , 628 - 11 , 809 11 , 610 4 .每股盈利虧損年內每股基本盈利虧損乃按以下數據計算:二零零五年二零零四年千港元千港元盈利虧損用於計算每股基本盈利虧損之年度溢利虧損12 , 035 11 , 841經重列股份用於計算每股基本盈利虧損之已發行股份加權平均數421 , 208 , 703 291 , 764 , 706本公司於二零零五年五月完成一項供股,基準為每持有一股普通股獲發一股供股股份,每股供股股份之發行價為0 . 02港元。Secondly, it is analyzed that tradable shareholders will suffer a great loss resulting from non - tradable shareholders ’ selling for profit encashment when they haven ’ t paid enough consideration price in the share structure reform, based on the fact that transfer prices of non - tradable shares are much lower than that of tradable shares, and comparison between the discount ratio of transfer price of non - tradable share to tradable share and the lower ratio converted from consideration price paid in the share structure reform, by the conception of share price overflow between different transferring system in china
隨后本文援引華生關於我國股票市場流通股所存在的「流通性溢價」概念,通過非流通股轉讓價格遠低於流通股股價的事實,以及非流通股對流通股股價的折價率與股權分置改革方案給流通股股東帶來的折算的股價降低率之間的比對,說明了在股權分置改革對價水平不夠的情況下,非流通股股東為了兌現盈利而大量拋售股份和流通股股東因此蒙受虧損的狀況。Article 168 the premium of a joint stock limited company from the issuance of stocks at a price above the par value of the stocks, and other incomes listed in the capital accumulation fund according to provisions of the treasury department of the state council shall be listed as the capital accumulation funds of the company
第一百六十八條股份有限公司以超過股票票面金額的發行價格發行股份所得的溢價款以及國務院財政部門規定列入資本公積金的其他收入,應當列為公司資本公積金。The premium resulting from issuance of shares at a price above par value shall be allocated to the company ' s capital reserve fund
以超過票面金額發行股票所得溢價款列入公司資本公積金。In practice, however, mr mcvey argues that investors, particularly fund managers, are only too happy to accept a bid premium from a private - equity group
可麥克維認為,在實際中投資者,特別是基金經理人,都只會高高興興地接受私人股本集團提出的收購溢價。Private equity groups are clinching deals that have relatively small takeover premiums to their targets ' recent share price highs, a survey will reveal today, adding weight to complaints that investors are being short - changed in leveraged buy - outs
一項調查今天將顯示,私人股本集團在近來敲定的交易中,只支付了較目標公司近期股價高點相對較低的收購溢價,這為人們的抱怨增加了砝碼,即:投資者在杠桿收購中所得到的好處被打了折扣。The effects of electronic trading on operational efficency include the participation of enough traders, accurate and immediate information dissemitaion, the conveniences of trading, etc. as to the functional efficency, electronic trading can bring down the cost of equity capital and equity premium, which means that electronic trading is beneficial to the efficiency of financing
針對各證券市場權益資本成本和股權溢價的實證研究發現,電子交易取代人工交易之後,企業的權益資本成本顯著降低,這無疑有利於提高證券市場在動員儲蓄轉化為投資方面的效率。第六章關注證券市場電子交易的風險及其監管問題。They must also have a paid up capital including share premium of not less than hk 300 million in respect of the applicant as a whole
同時,它們的繳足款股本包括股份溢價帳不得少於3億港元以申請人整體而言。Article 178 the premium received by a joint stock limited company through issuance of shares at prices above par value in accordance herewith, as well as other incomes to be allocated to the capital reserve fund as stipulated by the finance authority under the state council, shall be allocated to the capital reserve fund
第一百七十八條:股份有限公司依照本法規定,以超過股票票面金額的發行價格發行股份所得的溢價款以及國務院財政主管部門規定列入資本公積金的其他收入,應當列為公司資本公積金。Article 40 capital reserve includes premium on capital stock, legal increment of property value through revaluation and value of donated assets accepted, etc
第四十條資本公積金包括股本溢價、法定財產重估增值、接受損贈的資產價值等。Cpital or stock premium
資本或股本溢價Capital reserve includes premium on capital stock, legal incre ? ment of property value through revaluation and value of donated assets accepted, etc
資本公積包括股本溢價、法定財產重估增值、接受捐贈的資產價值等。Firstly, i will introduce and analyse the theories and studies about this problem abroad
為此,本文將研究中國股權風險溢價問題。2 ) we can do it by applying the dcf model and earning income scheme. second ly, whereas these theories are applied very well abroad, i will discuss the practicability of these theories when we use in chinese stock market, then i will draw a conclusion that there is some localization when these theories are applied in chinese stock market. finally, by studying the markov process, we can see the equity risk premium data which are derived from chinese stock market have characteristic of markov process, so i will establish the model based on the markov process and make a short time forecast about chinese equity risk premium
我們首先對諸多國外理論工作者在這方面的研究做一次總體的介紹與分析,國外的理論工作者在研究股權風險溢價,可以分為兩大類:一是運用歷史數據估計未來股票市場的業績;二是以運用dcf模型或收入收益方案為基礎進行的研究工作;其次,鑒于上述理論在國外良好的實用性,我們進一步討論這些國外的理論在研究中國股票市場股權風險溢價時的實用性,並得出這些理論應用於中國股票市場的局限性;最後,通過對馬氏鏈的研究得出中國股票市場上的股權風險溢價的樣本數據同樣滿足馬氏鏈的特徵,本文建立了基於馬氏鏈的股權風險溢價模型。Based on the conclusion of the first time ' s studying, i carry through the markov process again. then there will be some conclusions about my study as followed : 1 ) it is no use to just copy the theories abroad, for the companies in china are different from those abroad. 2 ) the method of estimating the equity risk premium through the history data could work out the average history equity risk premium, but it ca n ' t explain the characteristic that the equity risk premium vibrate with time. 3 ) by studying, we know that the level of equity risk premium in chinese stock market about one week is positive usually
利用上述模型,我們進一步對我國股票市場的股權風險溢價進行短期的預測,在預測過程中,本文使用了兩次馬氏鏈進行研究,通過第一次將一些市場中幾乎不會出現的特殊點去除,在第一次的基礎上進行第二次馬氏鏈分析,並進一步得出了相應的研究結論: 1 )照搬國外有關股權風險溢價的理論應用到我國股票市場上是草率的,國外的理論雖然比較成熟了,但由於種種原因,這些理論還是無法應用於中國的股票市場。However, due to the overall decrease in prices for most of its products during the year, profit attributable to shareholders and basic earnings per share after goodwill amortisation of hk $ 3. 6 million stood at hk $ 338 million and hk70. 1 cents respectively
0 % ;但由於期內受到產品普遍降價的影響,股東應占溢利及每股基本盈利在扣減360萬港元商譽攤銷價值後分別為3 . 38億港元及70Risk premium, basis risk premium and systematic risk premium is built based on capital assets price model. the model is used to increase income under the condition which a systematic risk is reduced, not only the model reflects the actual meaning of hedging of stock index futures, but also combines conventional hedging theory and modern combinatorial hedging theory
風險溢價、基差風險溢價和系統風險溢價三部分構成的股票指數期貨套期保值原理數學模型,該模型的運用考慮在規避掉系統風險的前提下,如何使套期保值利潤最大化,該模型不僅從本質上反映套期保值實際意義,而且還是傳統套期保值理論與現代組合投資套期保值理論的有機結合。分享友人