設定股值 的英文怎麼說
中文拼音 [shèdìnggǔzhí]
設定股值
英文
stated value-
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。Successful transition requires both the old and the new generations effort to professionalize while preserving the core value of the business, and do it early rather than late. prof. fans study also suggested that the secrets of success for the second generation required a number of steps to quickly shore up trust and confidence in the new leadership
因此，家族企業能否成功傳承實有賴新舊兩代領導人的努力，他們必須盡早將公司制度化及設法保存企業的核心價值。范教授的研究亦為家族企業第二代掌舵人提供了一些成功秘訣，他們必須采納一些措施，來迅速穩定新管理層的信任和信心，如成立獲股東信賴的董事局，提高公司透明度及增加股息。Specially, based on risk - metric and factor variables, the author discusses multi - factor asset pricing model. in theoretical analysis, the author attempts to release the assumption of index ' s random walk, proves a portfolio selection model suitable for the linear index level moreover, based on assets un - exchangeable, the author brings forward asset pricing models for b - shares, h - shares and non - circulated - shares. the author also brings forward multi - factor asset pricing model based on risk - metric indices, such as coefficient of beta, standard variance, standard semi - variance, average absolute deviation, value at risk, and factor variables, such as circulated market equity, exchange ratio, short - term historical return
在理論分析時，作者嘗試放鬆指數水平滿足隨機遊走過程的假設，推導出指數水平呈線性趨勢的資產組合選擇模型；此外，作者基於資產不可交易這一假設，提出了b股、 h股和非流通股等情形的資產定價模型，並基於系數、標準差、標準半方差、平均絕對離差和風險價值等風險度量指標以及流通市值、換手率、短期歷史收益率等因素變量提出了四因素資產定價模型。This says regarding our country market economy development and the modernization, the new company law will provide the more superior investment condition and the environment for the investor, will encourage each kind of social main body the investment behavior, effectively will develop the society to invest the resources and the expansion investment channel, will impel the company enterprise the establishment and the development, will create the more employment opportunity for the society and effectively alleviates the employment pressure, and will promote our country entire market economy healthy development by this
例如新公司法允許設立一人公司，從片面強調資本信用到兼顧資本信用和資產信用的立法理念的調整，降低了企業設立的門檻，放鬆了對公司的國度管制，大幅度地降低了公司設立的最低注冊資本，放寬了股東出資形式的限制，允許出資的分期繳納，取消了公司轉投資的限制。這些規定都是鼓勵投資價值理念的具體體現，新公司法的出臺，將會推動公司的設立，促進資本市場的發展和繁榮，並依此促進社會主義市場經濟的發展。In the aspect of contract ' s design, its include the determination of contract value, minimum fluctuation of price, last settlement price and margin level etc. in risk management of stock index futures, the means of price ' s stabilization, the ways of avoid of market manipulation, the clearing member and market margin system and so on have been put in operation
在股指期貨合約設計方面，主要體現在合約價值、最小價格波動、最後結算價、保證金水平等方面的確定方式。在股指期貨風險管理方面，主要採用股指期貨市場價格穩定措施、對市場操縱的防範措施、股指期貨市場結算會員制度、市場保證金制度等。After we have a superficial realization through comparatively studying legislation example of different countries and zones, this thesis begin to probe into me rule ' s principal and theory basis. stability of the decisions and respect the procedure are two principals that must be followed defending stability of the decisions is beneficial to defend stability of law relations that are caused by decision of shareholders, defend the deal safe, promote the efficiency of the companies. respecting the procedure is beneficial to present the value of the procedure, guarantee the rights and interests of shareholders from the procedure. theory basis of deciding grounds of action and dividing the kinds of action make up theory basis of the rule of rescuing laws on decision of shareholders. the final define of grounds of action that breaking the law and the constitution of company is decided by the nature of company law and the nature of constitution of company. on the nature of company law, there are some disputes, include forced law opinion, willfully law opinion and synthetic opinion considering present company law, i think the synthetic opinion is right the nature of constitution of company has two features : self - rule and ruled by law. in general, constitution of company is a kind of self - rule law that partly ruled by law
此外，本文還討論了確認決議不存在之訴與不當決議取消、變更之訴的存在價值，綜合考慮后，決定保留確認決議不存在之訴，廢除不當決議取消、變更之訴這一弊大於利的訴訟類別。除了總體探尋股東會決議瑕疵救濟制度的理論依據外，考慮到召集制度和決議方法在股東會決議制度上的重要性和二者具體內容的繁雜，本文還重點分析了召集制度上的瑕疵和決議方法上的瑕疵兩大訴由。另外，本文創設了「決議顯著不公正」這一新訴由以防止多數決的濫用，多數決的濫用多年來一直是股東會決議中的一大頑癥，但各國公司法卻一直對其缺乏明確的規制，筆者希冀以多數決的濫用造成決議顯著不公正這一現象作為訴由，並提出具有可操作性的標準，由法官裁量判斷是否構成多數決的濫用，以期彌補股東會表決制度上資本多數決原則的不足。By throwing penetrating light on the root of risks, we may conclude briefly that they are : the problems of the state - owned property ; the " over - supply " and " insufficient - supply " by the government coexist ; the absence of advanced capital market concluding above researches, we may get down to the main context of risks eluding as such : exploring the deep root of risks in order to depress the stimulation for the opportunism of the market participants. the basic ways would be that : to deal with effectively the deficiencies which the stock shares in the operation of debt - in - lieu - equity inflict upon the administration capability, to optimize the corporation governance - structure in the state - owned enterprises should be the core measures in the risks shunning operation
尤其在審批者缺乏有效的鑒別手段，且自身存在較強的道德風險的倩況下，國有企業具有更大的逆向選擇酮；隴在著逆向示範風險：一方面債轉股按帳面價值轉移國有椅業銀行的不良資產，對其既往不咎，容易導致商業銀行的道德風險；另一方面，在我國特定的制度背景下，所有的國有企業都將債轉股視作一項優惠政策，而這種「優惠」又往往是為「壞」企業設置的，這對非轉股的好企業就會形成逆向激勵，從而選擇拖欠本息、鬆懈管理。By the discussion of the " marketing ration ", the formulating principles of new stock price in the future circulating transitional period, and the conditions of changing " checking system " to " registry system ", it emphasizes the marketing construction of new stock issuing system ; it emphasizes the use of marketing methods in order to improve the supply - demand relations, and balance the excessive speculation ; it emphasizes the importance of market measure in counteracting excessive speculation by effectively improving the supply - demand relation, the importance of regulating and raising the action ability of the market main body, the necessity of governmental funtion transformation and the completion of management structure in listed companies
論文最後探討了研究新股短期價格行為對中國證券市場發展的啟示。通過對當前「市值配售」 、未來全流通過渡中新股發行價的制定原則以及實行「核準制」向「注冊制」轉變的條件的討論，強調新股發行制度改革的市場化建設；強調利用市場化手段，平衡過度投機行為，有效改善供求關系；強調規范和提高各市場主體的行為能力，切實解決政府職能轉換、上市公司治理結構完善等問題。Ningbo zhenhai runfeng knitting co., ltd. was established in 1996, a stock corporation, specializes in making knitting underwear, garments for children and suit - dress, and top grade knitting cloth ( native and printing ), covering an area of 1500 sq. m., has 100 employees, whole sets of advanced international equipments and 4 knitting dress production lines, and a set of cloth printing equipments, the annual production value amount to 15 million yuan, the products sell well japan, australia, u. s. a. and europe
寧波市鎮海潤豐針織制衣有限公司，創建於1996年，股份制企業，專業生產外貿針織內衣，各種面料的童裝系列，女裝系列和高檔針織面料（素色、印花）等，廠房面積1500平方米，固定職工100餘人，引進國際先進設備，擁有針織服裝生產線4條，匹布印花設備1套，月生產工作服6萬件，年產值1500萬元，產品全部外銷日本、及澳洲市場。The article. has introduced the basic situation of liutie material company briefly ; has summarized the theoretical foundation of competition strategy and encouraging strategy, namely the competition strategy theory, the motivational theory, agency by agreement, manpower capital theory ; has carried on the macroscopically outside environmental analysis, enterprise inside condition analysis and swot analysis of liutie material company ; has proposed establishing the strategic idea that rely main on diversified strategy, and full combine the entering type strategy ; has made the cooperative effect of giving full play to, set up the total strategy of diversified strategy ; drawing lessons from economic value - added concept, capital - asset - pricing model and black - scholes model, we have designed the phantom stock option plan of liutie material company
本文簡要介紹了柳州材料總廠的基本情況；總結了設計競爭戰略和激勵戰略的理論基礎，即競爭戰略理論、總體戰略、激勵理論、委託代理理論、人力資本理論；進行了柳州材料總廠的宏觀外部環境分析和企業內部條件分析及swot分析；提出了應確立以多樣化戰略為主，並充分結合進入式戰略的戰略觀念，制訂了充分發揮協同效應，建立相關約束多樣化經營的總體戰略；借鑒經濟增加值這一概念和資本資產定價模型及布萊克-舒爾茨模型，設計了柳州材料總廠虛擬股票期權激勵計劃。This article mainly emphatically studies in the stockholder ’ s structure the influence to the earnings quality. the ownership structure was deciding the level of a company ’ s government ( li weian, 2002 ). a good ownership structural can effectively guard against manager ' s bad conduct behavior, the opportunism behavior and the big stockholder to invade the company value using the domination, thus safeguarded the quality of accountant earnings information. based on this
股權結構決定著公司治理水平（李維安， 2002 ） ，在外部法律法規約束不嚴和監管力度不夠的情況下，股權結構設計的好，執行的有效，會有效防範經理人的敗德行為、機會主義行為和大股東利用控制權對上市公司價值的侵害，保證會計盈餘信息從編制到披露過程中不受到較大的扭曲，從而保障會計盈餘信息的質量。On the detail contents of the study, first of all, under the guidance of the basic theory of the integration of intelligence and capital, it made an analysis of the cooperative intentions of both datong and shuguang at their respective positions and affirmed the positive significance of their cooperation. secondly, it conducted a detail analysis of investment values of shuguang co. from three sectors of its exterior environment, rd & marketing capabilities and finance to make sure what are its strong and weak points, and its internal potentials and the urgent problems it should handle and giving a clear picture of the investment value by investing shuguang. thirdly, based on funding and fund use plans of shuguang co., it analyzed its urgent demand of investment from datong co. and has done a basic calculation of investment return and reached a possible win - win conclusion
文章在深入調查的基礎上，選擇了較為典型的知識型企業成都曙光股份和典型的資本密集型企業寧波大通股份為研究對象；在研究內容和方法上，首先以知識與資本結合的基本理論為指導，對大通股份與曙光股份的合作意向分別站在各自立場上進行了分析，肯定了雙方合作的積極意義；其次對曙光股份的投資價值從外部環境、研發和營銷能力以及財務三個方面作了較為詳盡的分析，確認了其強弱項、內在潛力和急需應對的問題，凸現出投資曙光股份的價值所在；第三，針對曙光股份的籌資用資計劃分析了該公司急需大通投資的客觀要求，並對用資效益進行了初步測算，得出了有望出現雙贏效果的結論；第四，探討了適宜於大通股份的投資方式，在此基礎上設計出大通股份參股曙光股份的投資方案，並進行了較為系統的可行性研究，證明了投資方案的可行性；最後，對大通股份投資曙光股份后進行整合與管理提出了初步設想。Supposing the company ' s value satisfies a certain probability distribution, then, we can calculate the company ' s value in the future as well as its connotative undulation basing on the relationship and a certain option pricing formula, which is based on the supposing talked above. further, we can calculate the company ' s expected default frequency. by now, the goal to measuring the company ' s credit risk has realized
如果假設公司價值波動服從某一概率分佈，那麼根據與此概率分佈相對應的期權定價公式，以及股票價格波動率與公司資產價值波動率之間的函數關系，即可求出公司未來某個時點的期望價值及其隱含波動率，並進一步計算出此時點公司違約的概率，由此便實現了對公司信用評級的目的。While it is admirable to find a way to smooth out earnings and help boost a company ' s stock price, mr hintz says that the strategy also allows too many investment bankers to ignore the fact that some of their operations and people are not up to scratch and should be retired
雖然設法穩定公司收益並推動股價上漲的策略值得稱道，但欣茨先生表示，這一策略同時也使太多投資銀行家忽略了這個事實，即它們的一些業務及人員水標欠佳，應該撤出市場。If the contractual model were chosen, it would be necessary to provide either a mechanism for the election and operation of a board of directors in the contractual fund or that the independent directors constitute a special class of directors of the management company who would represent the interests of, be answerable to and removable by the shareholders of the funds under management and have defined responsibilities within the management company
在emh理論形成的過程中，奧斯本osberne和法瑪fama的貢獻最大。奧斯本提出了關于股票價格遵循隨機遊走的主張，認為投資者是根據他們的期望價值或收益率來估計股票的，而期望價值是可能的收益率的概率加權平均值，所以投資者在奧斯本定義上的理性是以無偏的方式設定其主觀概率。Then contra posing the fact of chinese economic, the author tries to find the key in designing a new accounting mechanism about stock option ' s accounting measurement and recognition in china, referencing the accounting basis theory - the basic accounting concepts about cost and account entity assumption. finally give two examples to ensure the theory mentioned. the author states the key to designing the mechanism about stock option ' s measurement and recognition is to solve four core problems, including if the stock options must be recognized as compensation cost ; if any, how to measure their value ; and if the elements of stock option changed, it is necessary to adjust the changes, or re - recognition, etc. finally, the author summarizes recognize the stock option compensation cost according to the exercising ways of stock option by the employee
本文認為，在設計股票期權會計處理方法時，應當首先明確並解決以下四個核心問題，即（ 1 ）是否應當將股票期權確認為一項薪酬費用； （ 2 ）如果應當確認為一項薪酬費用，在行權前股票期權價值發生變化，是否應當對股票期權的賬面價值和薪酬費用進行調整； （ 3 ）如何衡量股票期權本身的價值和薪酬費用，如何確定薪酬費用的分攤年限，及在各年度如何合理分攤； （ 4 ）如何核算每股收益以反映股票期權實施對每股收益的稀釋作用，如何對股票期權計劃下的所得稅進行會計處理等。Considering the incentive effect and performance of eso contracts synthetically we get the condition that the optimal stock option contract should meet, and then we analyze and simulate the main parameters of optimal stock option contract. 4. studying all aspects of eso contracts systematically, which will be helpful to design stock option contracts to some extent
4 、運用系統工程的方法，系統研究了經理股票期權的理論基礎、激勵機制、激勵效應、合約績效以及最優股票期權合約的確定等有關股票期權激勵問題的各個環節，對股票期權激勵合約的分析與設計具有一定的參考價值。Chapter ii introduces executive stock option system, and analyzes its causes and effects ; chapter iii explain executive stock option system from the perspective of economics and explore the theoretical basis which executive stock option system existence in ; chapter iv discusses how to design executive stock option system, including the inherent elements of the design and construction of the external environment ; chapter v applies the average price stock option and “ certainty equivalent value ” in executive stock option system. chapter vi discusses executive stock option system in our country ’ s enterprise applications, analyzes the necessity our country ’ s enterprise to use executive stock option system and the problem exists in implementation, proposes from the second board to impel executive stock option system construction
本論文第二章是經理股票期權制度的概述，介紹經理股票期權的發展狀況，並分析其成因和效應;第三章從經濟學的角度來解釋經理股票期權制度，從理論的高度來探討經理股票期權制度存在的理論基礎;第四章對經理股票期權的制度設計提出建議，包括內在構成要素的設計和外部環境的建設;第五章主要將平均價格期權和「確定性等值法」應用於經理股票期權;第六章是經理股票期權制度在我國企業中的應用，分析我國企業採用股權激勵機制的必要性和實施中存在的問題，提出了從創業板企業入手，推動我國經理股票期權制度建設的思路。In this part, firstly, this paper change the condition of markowitz model, prove short sales exist possibility and certainty ; and discussed the role of the mechanism in stock market, narrate the 3 functions of the mechanism of short sales. they are strengthening mobility function, price discovery function and decreasing the information asymmetrical function for stock market
在這一章，本論文首先通過在markowitz提出的均值-方差模型的基礎上通過重新設定條件，證明了賣空存在的可能性和必然性，然後詳細論述了賣空機制對股票市場的積極作用，提出了賣空機制具有增強股票市場的流動性、價格發現和減少信息不對稱三大功能。Ningbo zhenhai hengji paper industry co., ltd. was established in 2000, specializes in making paper box, sheet, plastic products, hardware, covering floor 6 are and workshop 4000 sq. m., has 25 employees and fixed assets 3 million yuan, whole sets of advanced equipments, and ningbo zhenhai miaohouzhang static spray mold factory, the annual production value amount to 3 million yuan, the products sell well all over the country
寧波市鎮海區恆基紙業有限公司，創建於2000年，股份制企業，專業生產紙箱、紙張、塑料製品、五金件製造、加工等，注冊資金50萬元，佔地面積6畝，廠房面積4000平方米，固定資產300萬元，固定職工25人，設備先進齊全，並擁有寧波市鎮海廟后張靜電噴塑廠，按國家商檢標準生產，年產值300萬元，所產紙箱暢銷國內市場，深受用戶好評。分享友人