股票折價 的英文怎麼說

中文拼音 [gǔpiàozhéjià]
股票折價 英文
discount on share
  • 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...
  • 票 : 名詞1 （作為憑證的紙片） ticket 2 （選票） ballot 3 （鈔票） bank note; bill 4 （強盜綁架去用做抵...
  • 折 : 折動詞[口語]1. （翻轉） roll over; turn over 2. （倒過來倒過去） pour back and forth between two containers
  • 價 : 名詞1. （價格） price 2. （價值） value 3. [化學] （化合價） valence
  • 股票 : shares; share certificate; stock certificate; equity security; stock; capital stock
  1. In segmented capital markets, the law of one price doesn ’ t work. it is found that the foreign class shares typically sell at a premium in relative to the domestic class shares that can only be owned by the domestic investors in most emerging markets, but china is an exception, the chinese foreign class b - shares are traded at a discount relative to the domestic class a - shares. based on lots of relevant previous research, the thesis theoretically and empirically analyses the price difference between a and b share, trying to find out the influence factors of the price difference between a and b share

    在存在中度和高度市場分割的國家，由於投資者無法通過市場間的套利行為來消除不同市場的證券價格差異，如果一家公司的股票在割裂的兩個市場同時上市，其價格並不滿足「一價定律」 :供國外投資者交易的「外資股」相對于供國內投資者交易的普通股票的價格肯定會出現溢價或折價，此即所謂的「市場分割下的外資股折溢價問題」 。
  2. The topic to set up a growth enterprise market is very popular now as the most important and tl1e most creationary economical resource of growth enterprise, intangible asset is adverted very often

    開通創業板股票交易市場是目前國內證券界的熱門話題。作為創業企業最重要也最具價值的經濟資源，無形資產如何折股和交易同樣引起業界的關注。
  3. 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。
  4. The doctrine of capital maintenance generally implements the par - value stock and forbid - discounting stock

    摘要資本維持原則普遍採取「票面金額」制和禁止折價發行等股票發行制度。
  5. Dividend policy is the strategy adopted by the company on market to dispose rationally from the post - taxation interests into the ptofrts given to the stockholders and the retained earnings. it ' s an extension of the activities of the company to raise and invest money. what more, viewing form its effect on market and economy, dividend policy which is acting as a mirror of the operations and achievements of the company, may not only influence the image of the company, but also cause the fluctuation of its stock price

    股利政策是上市公司將稅后收益在股東所得股利和留存盈利之間合理配置的策略，它不僅是上市公司籌資、投資等活動的延續，而且從股利政策的市場效應和經濟影響來看，股利政策作為公司經營行為和經營業績的反映與折射，不僅會影響公司的形象，還會引起公司股票價格的異常波動。
  6. All of the company law take various measures to prevent watered stock in order to realize the maintenance of company ' s capital when the company is established. meanwhile, the distribution system about dividend and bonus and the relating system of company getting its own shares are discussed mainly in the maintenance of capital after company ' s working. though there are different distribution regulations about dividend and bonus, their aims are all to make balance between the interest of shareholders and creditors

    公司設立時為實現公司資本的充實，各國公司法都禁止股票折價階；大陸法系國家制定了嚴格的出資財產評估與審核制度，而英美法系則通過制定法中的原則性規定以及發達的司法判例賊份對價的充分性進行判斷；發起人的資本充實責任對確保公司資本的充實跪重要的作用，一伽括認購擔保責任、繳納邯責任和價格填補責任等。
  7. 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。
  8. In chapter3, information is divided into two basic types, the marginal equation of bond price and short - term interest variations is established, thus the security price variations and the price equilibrium of other assets ( risk security non - risk security are included ) are analyzed by the implement of portfolio theory. finally the bond value equation which takes equilibrium return as its yield parameter is established through the theory of comparative return. in chapter 4, the intra - information and the transferable system of price is emphasized and the market - maker model and expected model under non - perfect information market conditions are established, and the disaccord of the influence of extra - information and intra - information on the security price is discussed

    第三章將債券的價格均衡劃分為兩大基本類型，建立了債券與短期利率變動的邊際方程，運用組合原理分析債券價格變動與其它資產（包括風險證券和無風險證券）的價格均衡關系，通過比較收益原理建立了債券以市場均衡收益為折現參數的價值方程，並通過實證檢驗了該模型的合理性；第四章，分析了內部信息與價格的傳導原理，建立了非完全信息市場條件下價格傳遞信息的做市商模型和預期模型，並討論外部信息與內部信息對股票價格影響的非一致性。
  9. In addition, the shareholding structure of listed firms has no significant relation to underpricing rate, underpricing rate is negatively related to the issuing price

    而上市公司增發時的總市值，相對增發規模，增發時公司股票的市盈率和上市公司的股本結構與增發上市公司折價率之間的相關關系並不明顯。
  10. Seasoned equity offerings of chinese listed firms were underpriced by an average of 11. 59 percent during last four years, from 1999 to 2002, with the discount decreasing substantially over time, which is opposite to the increasing tendency in american listed firms. consistent with uncertainly and asymmetric information theory, underpricing rate is positively related to the stock price volatility and the p / e ratio when issuing the seasoned equity offers

    根據理論分析的結果，本文假設了這6個影響因素與上市公司增發折價率之間的相關關系：增發公司股價的波動性，增發時公司股票的市盈率和相對增發規模與增發折價率呈正相關關系；上市公司增發時的總市值、股本結構和股價與增發折價率呈負相關關系。
  11. From the existence aspect, shareholder ' s value is the fan - value of corporation retained assert. from the realization aspect, shareholder ' s value is the distributed dividend and the present value of shares " expectant price

    從存在意義上講，股東價值就是公司凈資產的公允價值：從實現意義上講，股東價值是業已分配的股利以及預期股票價格的折現值。
  12. Chapter 2 involves in difficulties to use dcf model in the valuation of the equity of non - listed companies. chapter 3 and 4 analyze two key problems mentioned above, viz. the measurement of wacc with the antitheses method in chapter 3, and based on the foreign research, chapter 4 gives the equation to determine the valuation discount for the lack of marketability of non - listed companies in china

    第三章和第四章是針對第二章中提出的兩個難點問題分別進行了討論，第三章討論了採用整體價值評估模式的貼現率，即wacc的估算，重點討論了利用對比公司估算我國非上市公司股票系統風險及股權資本成本的方法；第四章借鑒國外的研究成果對我國非上市公司股權的缺乏流動性折扣進行了討論，並提出了確定缺乏流動性折扣率的方法。
  13. As the traditional stock pricing method, dividend discount model is defective in that it cannot precisely determine the expected rate of return of investors and future payment of cash dividend

    摘要傳統的股票定價方法主要是股利折現模型，由於不能精確地確定投資者的預期收益率和未來支付的現金股利，因此傳統的股票定價方法存在一定缺陷。
  14. We discussed the explanations of the discount of closed - end fund phenomenon in china ' s stock market with both theoretic and empirical study from three aspects : securities " liquidity capacity, expected performance and the investors " sentiment. in the course of analysis, we used the viewpoints from both traditional finance and behavioral finance. the conclusion is, the main reason of this phenomenon is the investors " sentiment, at the same time, the securities " liquidity capacity and expected performance also contribute to the discount

    為探討我國封閉式基金折價交易現象形成的原因，我們運用傳統金融學和行為金融學兩種理論的觀點，從基金所持股票的變現能力、對基金未來業績的預期和投資者情緒三個方面進行了深入的理論和實證分析，得出了我國封閉式基金折價交易現象主要是由於投資者情緒的影響而造成的，此外，基金所持股票的變現能力和對基金未來業績的預期等因素也對我國封閉式基金的交易價格有一定的影響的結論。
  15. " the value of asset embodies in the earning ", the major factor affecting the intrinsic value of ipo stock is future cash dividend and the discount rate. the factor effecting shareholder ' s cash dividend is analyzed from finance analysis, the methodology of calculating cash dividend in simplified condition is expounded by hypothesis

    「一項資產的價值體現在其可創造的收入中」 ，影響ipo股票價值的主要因素包括未來現金股利和折現率，論文從財務分析的角度，分析了影響股東現金股利的因素，並通過抽象得到了簡化條件下計算股東現金股利的方法。
  16. In contrast to what has been observed in other markets with a similar segmented structure, the china b shares and h shares trade at an average discount of about 75 % relative to the prices at which domestic a shares trade. there are only limited studies on this " strange " phenomenon

    這兩種股票的價格表現差異很大，但與國外不同的是，外資股（ b股或h股）的價格普遍低於普通股票（ a股） ，折價程度大約為72 ，對中國這一特殊現象國內外學者至今沒有很好地解釋。
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