融資成本率 的英文怎麼說

中文拼音 [róngzīchéngběnlǜ]
融資成本率 英文
finance rate
  • 融 : Ⅰ動詞1 （融化） melt; thaw 2 （融合; 調和） blend; fuse; be in harmony Ⅱ形容詞[書面語]1 （長遠; ...
  • 資 : Ⅰ名詞1 （錢財; 費用） money; wealth; expenses 2 （資質） intelligence; endowment 3 （資格） quali...
  • 成 : Ⅰ動詞1 （完成; 成功） accomplish; succeed 2 （成為; 變為） become; turn into 3 （成全） help comp...
  • 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...
  • 率 : 率名詞（比值） rate; ratio; proportion
  • 融資 : finance
  1. Government ' s monopoly of capital market also leaded to the " shell " value of listed company which is irrelative to the company ' s invest value, which made the higher general price in the market. in addition to, the structure of investors which is consisting of many individual investors and few institution investors lets it easy to manipulate the stock market for the institution investors. according to the origins of the systematic risk, it is necessary to improve the market mechanism and market efficiency to eliminate the system root of the risk to decrease the risks

    突出地表現在：資本市場服務于國企轉制，造成上市公司股權結構存在缺陷，致使公司治理失效，上市公司缺乏持續發展的能力，公司經營風險轉化為市場的系統性風險；政府對資本市場準入的行政性壟斷，形成上市公司「殼」價值，虛高股票市場價格，引發系統性風險；金融市場分割，特別是貨幣市場資金缺乏進入資本市場的正常渠道，利率市場化水平低，影響金融資產定價，導致違規融資盛行，加大了市場風險；而由於市場監管不到位，以散戶為主的投資主體結構，則易導致機構大戶利用內幕信息操縱股價，機構投資者的發展不僅沒有成為穩定市場的力量，反而成為操縱市場的主力，加劇了市場波動。
  2. In this chapter, i have reviewed most of all perspectives on which previous works about the main issue in detailed, for few works concerned it have been published. the previous works can be divided into 5 categories : how mnes or fies to make the decision about total quantity of investment and financing funds and the structure of those funds from every channel ; the capital cost, capital structure, cooperate value of mnes ; how fluctuation of, or the institutes of exchange rate effect financing activity of mnes ; the govern structure, control power distribution between all precipitants in a fie ; lec research on the subject

    第一章文獻綜述：因為國內尚少這類研究，故比較全面的綜述國內外了現有成果中關於一國（地區）內外商投資融資的總量、構成及變動的研究；跨國公司內部的資本成本和資本結構（融資結構）及公司價值的研究；匯率波動對跨國公司的財務、融資行為的影響；外資企業的治理結構、所有權優勢及控制權分佈；第三世界國家及我國對跨國公司融資的研究。
  3. In the year under review, the group adopted the new hkfrs below, which are relevant to its operations. hkfrs 3 business combinations hkfrs 5 non - current assets held for sale and discontinued operations hkas 1 presentation of financial statements hkas 2 inventories hkas 7 cash flow statements hkas 8 accounting policies, changes in accounting estimates and errors hkas 10 events after the balance sheet date hkas 12 income taxes hkas 14 segment reporting hkas 16 property, plant and equipment hkas 17 leases hkas 18 revenue hkas 19 employee benefits hkas 21 the effects of changes in foreign exchange rates hkas 23 borrowing costs hkas 24 related party disclosures hkas 27 consolidated and separate financial statements hkas 28 investments in associates hkas 32 financial instruments : disclosures and presentation hkas 33 earnings per share hkas 36 impairment of assets hkas 37 provisions, contingent liabilities and contingent assets hkas 39 financial instruments : recognition and measurement the adoption of the above new hkfrs has the following impact on the group s accounting policies : hkfrs 3 does not have any impact as the new standard does not affect the group

    香港財務報告準則第3號業務合併香港財務報告準則第5號持作出售非流動資產及終止經營業務香港會計準則第1號財務報表之呈列香港會計準則第2號存貨香港會計準則第7號現金流量表香港會計準則第8號會計政策會計估計變動及誤差香港會計準則第10號結算日後事項香港會計準則第12號所得稅香港會計準則第14號分類報告香港會計準則第16號物業廠房及設備香港會計準則第17號租賃香港會計準則第18號收入香港會計準則第19號雇員福利香港會計準則第21號匯率變動之影響香港會計準則第23號借貸成本香港會計準則第24號有關連人士披露香港會計準則第27號綜合及獨立財務報表香港會計準則第28號聯營公司投資香港會計準則第32號金融工具：披露及呈列香港會計準則第33號每股盈利香港會計準則第36號資產減值香港會計準則第37號撥備或然負債及或然資產香港會計準則第39號金融工具：確認及計量采納以上新香港財務報告準則對本集團之會計政策造成下列影響： i香港財務報告準則第3號並無造成任何影響，皆因新準則並不影響本集團。
  4. The combination of the conventionai 1 duaiistic economy structure and the new dualistic ecpnomy structure under the hi - tech industry forms a muitip1e " eriensive dualistic economy structure ". during the hi - tech industry deveiopment process, there exist the industry main body " dualistic configuration ", market monopoly competition " duality mathet structure and developmeof path " duality path " inside the hi - tech industry because of these iotercrossed each othef, the hi4ech industry development economy system is featured with the int6raction of compound dualistic economy structure. ln this paper it is caiied as super duaiistic economy structure mode, that is to say, the hi4ech industry

    以此為基礎，對于高技術產業資本原始形成的途徑、高技術產業融資的「超二元化結構」體制模式及其效率問題分別進行了論述，提出決定高技術產業發展中金融支持體系的「超二元結構」和高技術產業融資的系統理論模式：大銀行、主板證券市場支持以模仿創新技術、規模壟斷為主要特徵的規模壟斷型高技術產業，中小企業的銀行、私募資本市場的天使投資和創業資本投資、創業板證券市場支持以原創性創新技術、技術壟斷和中小企業為主要特徵的技術壟斷型高技術產業。
  5. Take example of float interest security or float interest bond, those are new financial tools of innovation based on traditional financial tools. they can help financial agencies to reduce interest risk in capital collection

    例如，浮動利率債券或浮動利率票據，這種建築在對傳統金融工具的特徵進行重新組合基礎上的金融創新工具，就可使金融機構減少籌資的利率風險，降低成本，提高效率。
  6. E ) lack of foresight on finance lease scheme, which causes irrational tenor structure and imbalanced annual outflow of rental payments, results in funding costly. to solve aforesaid problems, thesis finds out the following principles for optimizing ca ' s aircraft finance : a ) determining the volume and currencies of ca ' s cross - border aircraft finance based on the annual outflow of foreign debt repayments and annual net inflow of foreign exchange, so are the dominated currencies in debt. b ) enlarging the portion of borrowings at floating interest rate in ca ' s whole foreign debt

    針對以上存在主要問題，本文進一步提出了優化飛機融資的總體構想，包括：根據其每年的外匯流入總量及幣種構成確定國航合理的飛機境外融資規模應與負債幣種；在利率結構方面，擴大浮動利率在整個國航外債中的比重，選擇適當時機將部分固定利率貸款轉換為浮動利率貸款；在飛機引進多元化方面，通過與飛機製造廠商、出租公司飛機互換的方式優化機隊構成，結合提前中止現有飛機租賃就能夠起到優化債務結構和機隊構成的事半功倍的效果，以及在未來飛機融資中優先使用經營性租賃等。
  7. Centering on this theme, this paper lays out its discussion in the following five aspects ; 1. the raising of the value chain concept in this part of the paper, combining historical sight with the reality of the then usa, analysis is made on the background for the raising of the value chain concept. in the so - called most developed free market economy country usa, enterprises were subjected to the strict control of the government

    為了使圍繞價值鏈的構造和其構造的戰略基礎研究的目的和目標更加明確，有必要或應當將另一積極活躍的價值管理領域的理論和方法融入價值鏈的建構研究之中，為此本文特辟專章簡述了該領域的經濟增加值（即eva ）的概念以及它的會計和財務的簡明計算方法: eva =稅后凈經營利潤-佔用資本資本成本率、期望的未來eva的現值= npv 。
  8. I will borrow terms as " external finance premium ", " net worth ", " coverage ratio " and " financial accelerator ", etc. to demonstrate the transmission mechanism and process of different channels in context of asymmetric information and credit market imperfections. the sizes of firms and their alternative funding sources, which may significantly influence the transmission process

    本文將借用「企業外部融資成本」 、企業可抵押資產「凈價值」 、 「利息負擔率」 、 「財務加速器」等概念，詳細闡述信息不對稱及信貸市場存在缺陷條件下各種貨幣政策傳導渠道發揮作用的機理和傳導過程，同時，強調企業規模及其外部融資渠道的多少對貨幣政策傳導的影響。
  9. Besides capital cost of equity, another aim of the paper is to determine capital cost of debt of our country ' s enterprises, in the part of it, the paper emphasize on the problems on debt financing of our enterprises and puts forward some suggestions to solve them

    除了討論權益資本成本的確定方法之外。本論文另一個致力於解決的問題是企業債務資本成本的確定。應該說，企業的債務融資成本也是其系統風險的反映，主要表現在不同企業融資的不同利率上。
  10. Convertible bond is a convertible financing tool between bond and stock, convertible bond concurrently have features of bond, stock and option. its issue - clauses include interest rate, convertible ratio and convertible price, convertible date, call provision, put provision, strike - price - adjusted provision etc, convertible bond can reduce corporate financing cost and improve capital structure, investor can share corporate performance and income of convert bond

    可轉換債券是一種介於債券和股票之間的可轉換融資工具，可轉換債券兼具了債券、股票和期權的特徵。可轉換債券發行條款包括票面利率、轉換比率和轉換價格、轉換期、贖回條款、回售條款、向下修正條款及強制轉股條款等等；發行可轉換債券降低了公司融資成本和改善債務結構，投資者可以分享發行人業績增長和股票價格的上漲帶來的轉股收益。
  11. Conclusions could be drawn out through a positive analysis of some port companies : the factors that have a positive effect on the strategic target are the rate of main business return, the velocity of the assets, while the capital structure and the rate of the increase of the increase of investment have little effect, which illuminate that the port company should focus on the main business to enhance the return of net assets, it also shows that the business of the list port companies is over - concentrated, and should be diversified to lessen the operating risk ; the companies should accelerates the turnover speed of the assets ; the appropriate structure of the assets can bring benefit to a company, but the ultimate approach to enhance the return of the net assets is to look for items with high return ; the sightless investment made the increasing speed of return lag behind the expanding speed of the capital ; and result in no scale economic benefit

    本文通過對部分港口類企業進行計量分析后發現港口企業的資本結構和投資對凈資產收益率沒有顯著的影響，而港口企業收入過分集中。針對未來財務環境發生的變化，本文從戰略財務管理的角度對南京港口集團公司提出以下建議：在投資領域，今後應以綜合物流為契機，專業化與多元化並重；適度發展集團化經營；優化資源配置，提高資產營運效率。在融資領域，要合理選擇融資渠道，降低融資成本，更多關注債務融資；確定合理的資本結構，控制負債風險，建立償債保障機制。
  12. Which illuminate that the shipping company should focus on the main business to enhance the return of net assets, it also shows that the business of the list shipping companies is over concentrated, and should be diversified to lessen the operating risk ; the companies should accelerate the turnover speed of the assets ; the appropriate structure of the assets can bring benefit to a company, but the ultimate approach to enhance the return of the net assets is to look for items with high return ; the sightless investment made the increasing speed of return lag behind the expanding speed of the capital, and result in no scale economic benefit

    本文通過對航運類上市公司進行計量分析后發現航運企業的資本結構和投資對凈資產收益率沒有顯著的影響，而航運企業收入過分集中。針對未來財務環境發生的變化，本文從財務戰略管理的角度提出以下建議：在投資領域，今後應以綜合物流為契機，專業化與多元化並重；適度發展集團化經營；優化資源配置，提高資產營運效率。在融資領域，要合理選擇融資渠道，降低融資成本，更多關注債務融資；確定合理的資本結構，控制負債風險，建立償債保障機制。
  13. When earning ratio of company " s assets is greater than the cost of corporation debt, the company should expand the scale in debt to increasing value of corporation

    當公司資產收益率大於負債的融資成本時，公司應擴大負債的規模來增加公司的價值。
  14. This section try to resolve the question of how to design the rate, the price of the convertible bonds and other fundamental components of the convertible bonds in the perspectives of optimizing the capital structure and combining the financial cost and risk rationally

    可轉債融資應從優化企業資本結構，實現較佳的融資成本與風險組合兩個角度出發，根據企業具體財務狀況，設計利率、轉換價格等要素。
  15. The thesis analyses securitization in internal system. the analysis expresses that asset securitization could increase the shareholder wealth, improve the managerial incentive plan, reduce the transaction cost, provide positive

    本文重點分析了資產證券化在降低融資成本、信息成本、提高資金利用率、增加股東財富等方面的內在機制，豐富了資產證券化的理論研究。
  16. Practices of venture capital in china have shown : 1 ) venture capital industrial is lack of fund, fine system, preferential polices and laws, medium - organization and the capital market such as ipo ( initial public offering ) and the second - board share market where investors can sale the shares. that is to say, the development of venture capital industrial in china lacks of preferential macro - scope environment. so the unfit government behavior is the mam restrictive factor. 2 ) venture capital industrial is wholly controlled and practiced by the government, which is the main investor of venture capital organization, while there is not outstanding achievement both theory and practice have shown : venture capital industrial will not succeed if government is the main investor for a long time

    具體體現為： （ 1 ）相當多的風險投資機構運作困難，效益低下，大多數都違背了設立的初衷； （ 2 ）風險投資資金缺乏，來源單一，總量不足； （ 3 ）風險投資者的利益得不到保護，導致投資者積極性不高，加劇了風險資本的匱乏； （ 4 ）風險投資在投資、融資和實現回報等各個環節的障礙很多，無法實現良性循環，造成風險投資的成本和風險過高，收益偏低； （ 5 ）風險投資發展中政企不分，缺乏現代企業制度中的激勵機制和硬預算約束機制，投資成功率低。
  17. Then this study carried out comparative analysis on international experiences of the financing of smes, and positive analysis on the financing of township enterprises and national enterprises representatively in the smes of our country. through above - mentioned analysis, the study clarified the root reasons which caused the problems of short funds of smes, higher debt ratio of national enterprises and a great deal of bad assets exited in the national banks. the root reasons are just that in the long run the enterprises financing of our country followed the single structure of taking the government as the leading, national banks as the main body and indirect financing as the dominant part

    本文在明晰相關概念、闡述國外及我國中小企業的最新界定標準、綜析當前企業融資基本理論的基礎上，通過對中小企業融資國際經驗的比較分析，以及對我國中小企業中具有典型代表性的鄉鎮企業、國有中小企業融資進行的實證分析，明確了造成當前中小企業資金短缺、國有企業相對負債率較高和國有銀行存在著大量不良資產等問題的根本原因，即：我國的企業融資長期沿襲著以政府為主導、國有銀行為主體、間接融資占優勢的單一結構體系。
  18. The conclusion is that corporate asset securitization high up the fluidity of asset, lows property ratio of debt to net worth, provides a continual liquidity supplement, highs up firm value. secondly, it provides new channel that has lower cost by breaking through the restriction of traditional financing instruments. asset securitization is an off balance - sheet financing manner, it would not disperses control of stockholder

    本文通過論證得出了如下結論: 1 .在正確的使用資產證券化這一融資工具的條件下，資產證券化提高了企業資產的流動性，降低了資產負債率，也為企業提供了一種長期的資產流動性補償機制，可改善企業資本結構，提高了企業價值; 2 .資產證券化為企業開辟了有別于股票和債券發行等融資方式融資成本較低的資本市場。
  19. Whether financing decision is practicable depends on capital cost rate. on the basis of capital cost rate model put forward in the paper and different financing channels, the different capital cost rate formulas are deduced

    衡量融資決策正確與否的唯一標準就是（年）資金成本率，本文提出（年）資金成本率的通用計算模型，並在此基礎上，針對常用的融資渠道推導出不同融資渠道（年）資金成本率的計算公式。
  20. The formula to calculate capital cost of debt is quite easy

    但基於借款利率的計算企業債務融資成本的計算公式還是有效的。
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