財務杠桿率 的英文怎麼說
中文拼音 [cáiwùgānggǎnlǜ]
財務杠桿率
英文
financial leverage-
So we consider five financial indexes includes stock b / p, e / p, current stock size, current stock stru and financial levge by the international tradition, then descriptive statistical test method and cross section statistical test method proved that b / p and current stock size have marked effect on the securities yield besides coefficient b. in the third chapter, the article fut forward a risk factor model, estimates yield sequences of every risk factor by weight regression, and then estimates each risk factor coefficient of different stock by time sequence regression, at last we can reckon the portfolio risk o2p and yield rp which consists n stocks
結合國際慣例，文章考慮了股票的凈值市價比（ b p ） ，市盈率倒數（ e p ） ，流通規模（ size ） ，流通比例（ stru ）和財務杠桿（ levge ）等五個財務指標，應用描述性統計檢驗和橫截面統計檢驗等多種方法，結果表明，除系數以外，凈值市價比（ b p ）和流通規模（ size ）對證券收益率部有重要的影響。在論文的第三章，提出了一個基於多因素的風險因子模型，並用加權回歸和時間序列回歸等方法估計出了不同證券的各風險因子系數（類似於單指數模型中的系數） ，據此，即可衡量出一個包括n只股票的組合的風險_ p ~ 2和收益率r _ p 。The improvements of the du pont system of financial analysis include : introducing analysis of cash flows to the du pont system of financial analysis ; introducing managerial accounting data, marginal contribution analysis, safe marginal analysis and leverage analysis to the du pont system of financial analysis ; introducing analysis of value added accounting indices to the du pont system of financial analysis
杜邦財務分析體系的主要改進有：在杜邦財務分析體系中引入現金流量表數據進行現金流量分析；在杜邦財分析體系中引入管理會計數據，進行邊際貢獻分析、安全邊際率分析及杠桿分析；在杜邦財分析體系中引入增值會計數據分析企業對社會的貢獻。During the period between 3 years to 2 years before financial distress, the higher the individual financial leverage of directors is, the greater the probability of financial distress incidents is
危機前三年至前二年間，董監事個人越偏好高杠桿之財務操作方式，企業發生財務危機之機率越大。Maximum leverage level
最高財務杠桿率限制Definition of leverage
財務杠桿率定義These nine signals measured three areas of a firm ' s financial condition : profitability, financial leverage / liquidity, and operating efficiency
這9種信號數值衡量一家公司財務狀況的三個方面：收益率、財務杠桿率/資產變現率和運作效率。Commercial banks are a kind of unique enterprise, which have the characters of fund concentrated, high risk, and high leverage. these characters make financial management play a core role in bank management
商業銀行是經營貨幣的特殊商業企業，具有資金密集、高風險、高杠桿率等特性，這些特性決定了財務管理在商業銀行經營管理中處于核心的地位。When the rate of property fee before tax is greater than firm liability interest rate. improving liability rate can add firm surplus of every stock for the action of finance level. when the rate of property fee before tax is less than firm liability interest rate. improving liability rate can reduce firm surplus of every stock for the action of finance level
當資產稅前報酬率（ ebit a ）大於企業的負債利息率時，提高負債比例，由於財務杠桿的作用，能夠增加企業每股盈餘，當資產稅前報酬率（ ebit a ）小於企業負債利率時，提高負債比例，將減少企業的每股盈餘。Thirdly, based on correlation and multiple regression analysis, the thesis employs 165 listed companies in service industry, studies empirically inner influential factors of capital structure. it ' s concluded that leverage increases with rate of sales growth ; decreases with profitability, tobin ' q and non - debt tax shields ; and there is no significant correlation between firms " size, real tax, assets collateral value, ownership structure and leverage
對我國服務業165家上市公司2001 - 2002年末財務數據進行相關性和多元回歸分析，得出，企業杠桿和主營業務收入增長率顯著正相關；和托賓指數、盈利能力、非負債稅盾顯著負相關；和企業規模、實際稅率、資產擔保價值、股權結構沒有顯著影響。In 1998, citibank and travelers group merged into citigroup, which then became a financial holding company providing all kinds of financial services through its subsidiaries. the " financial services act of 1999 " repeals the " glass - steagall act " prohibitions on banks affiliating with securities firms, permitting holding companies to engage in securities underwriting and dealing, without limitation, as well as sponsoring and distributing mutual funds. it creates a framework that will permit the banking, securities, and insurance industries to compete more efficiently and effectively while improving consumer access to financial services, protecting investors, and ensuring a safe and sound banking system
首先，金融控股公司由於佔有金融資源過大，所以面臨的系統風險的危害是非常大的；其次，金融控股公司的各子公司之間進行關聯交易，使得集團內各子公司的經營狀況相互影響，這就增大了金融控股公司的內幕交易和利益沖突的風險；第三，金融控股公司以外來資本撥付給子公司的資本金，在總公司和子公司的資產負債表中都同時反映出來，這可能會使整個集團的實際財務杠桿比率過高，影響到集團的金融安全。The paper introduces the financial risk conceptions and theories, then discusses the recognition and analysis of financial risk of enterprise. the paper analyzes the method against the business enterprise financial risk in detail, including strategy and system. on the basis of experiences internal and external, the paper designs an early warning system structure, breach system and model of financial risk that meets the concrete characters of our country ' s enterprise, and puts forward some relevant counter measures for establishment of early warning system for our country ' s enterprise financial risk, which is the emphasis and difficulty of the paper
論文首先介紹了有關企業財務風險的概念、理論，然後論述了企業財務風險的識別和分析，如杠桿分析法、概率分析法、財務報表分析法等，接著論文詳細分析了企業財務風險防範的方法，主要探討了企業財務風險防範的策略，財務風險的制度防範，論文借鑒國內外財務預警系統建立的經驗，設計了適應我國企業具體特點的財務風險預警系統的結構與子系統，提出了建立企業財務風險預警系統的相關對策，這是本文的重點和難點。When the rate of total capital returns exceeds the average debt ratio, the financial leverage can be fully employed for more interest, for debt financing is more profitable than stocking financing. otherwise, it ' s unreasonable for the enterprise to float the loan
當總資產收益率高於債務平均利率的情況下，可更多的利用財務杠桿得到更高的利益，這時舉債融資比股票融資可獲得更多的收益，否則，企業舉債是不利的。However, the analysis of hunan telecommunication capital structure shows its rate of total funds earning is lower than its average debt ratio, and thus its financial leverage will work negatively. debt does harm to the company and the only solution for an optimized capital structure is to raise funds by stocking
而對湖南電信的資本結構研究得出，負債結構比例不合理，湖南電信總資產收益率低於負債平均利率，財務杠桿將發生負面作用，舉債對公司不利，可通過股票融資優化資本結構。In the second part, we randomly select 110 listed companies in sse according to its industrial ratio and examine the influence of 5 firm - specific characteristics on the general level of voluntary disclosure. the 5 variables tested are firm size, ownership structure, firm profitability, leverage and influence of audit firm. the first three variables are influential factors
在實證研究部分，本文按行業比重隨機抽取了滬市110家上市公司作為研究對象，利用其2002年年報和meek等學者建立的信息披露明細表，計算出上市公司自願性披露指數，並與五個可能的影響因素做回歸分析，分別是邊際利潤率、公司規模、大股東及其關聯股東、財務杠桿、審計機構的權威性，結果證明前三個因素對公司自願性披露有影響，與提出的假設相符。分享友人