convertible paper 中文意思是什麼

convertible paper 解釋
兌現券
  • convertible : adj. 1. 可轉換的;可轉變的;可改裝的;可兌換的。2. (汽車)車篷可折起[取掉]的。n. 1. 可改變的事物。2. 敞篷車〈有活動摺篷的汽車〉。adv. -bly
  • paper : n 1 紙;裱墻紙。2 報紙,報。3 收據;債券;證券;票據;匯票;鈔票(=paper money)。4 〈pl 〉身份...
  1. Insurance funds, under the draft, may invest in varieties including bank deposit, commercial notes, bank paper, large - value convertible deposit receipts, bonds, money market funds, bond - based funds, shares, global depository receipts, american depository receipts and stock - based funds

    保險資金可以投資的品種包括銀行存款、商業票據、銀行票據、大額可轉讓存單、債券、貨幣市場基金、債券型基金、股票、全球存托憑證、美國存托憑證、股票型基金等。
  2. This paper is divided into five sections : part on : the summary of the convertible bonds. it discusses some commonsensible questions, introduces the definition, characters, fundamental components, their development in the western countries and china

    全文分為五部分:第一部分:概述這一部分,筆者對可轉換公司債券的一般常識問題進行探討,系統介紹了可轉換公司債券的概念,性質及特徵,基本要素及其在中西方的發展。
  3. As a new financing instrument, since convertible bond came to the capital market of china, becase of its speclation and investment, it was accepted by government and companies and investors convertible bond may play an important role in broadening enterprises ' financing channels, enrich the variety of investing instruments and make our security market prosperous. csrc has issued the interrelated rules for public firms issue the convertible bonds. until the end of 2001, it has 55 firms plan to issue the the convertible bonds. but by end of 2002 only 5 firms issued the convertible bonds because of investor ' worry. but in 2003, the management strengthens the security market such as some public firms just to " fold money ", the convertible bonds become the most invest tools for the public firms refinance. only if the behavior of issuing convertible bonds is normalized our security market can tend towards a mature way, social capital can be optimized, and the public firms can also develop in an ample area. this paper base on the character of the convertible bonds

    國務院證券委員會在1997年3月25日頒發了《可轉換公司債券暫行管理辦法》 ,又於2001年4月26日頒發了《上市公司發行可轉換公司債券實施辦法》關于可轉換債券的規定和條例,對上市公司發行可轉換公司債券的要求條件比配股、增發更為寬松,截止到2001年4月,有200多家上市公司夠發行可轉換債券資格,到2001年底有55家公司計劃發行可轉換債券,但受到一些上市公司通過配股、增發等「圈錢」的影響,投資者對上市公司通過發行可轉換債券再融資是不得不持審慎態度, 2002年全年僅5家公司實施了可轉換債券,共籌集資金41 . 5億元人民幣,從總體發行情況看,發行規模越來越小,利率越來越高,投資者認可程度越來越低,發行和交易狀況每況愈下。
  4. Taking convertible options and callable options as examples respectively, the paper analyses the influence of embedded options, caused by the change in stock price and interest rate, on corporate bond ' s value. then, proposes methods of valuating approximately the influence

    本文分別以可轉換期權和可提前贖回期權為例,分析了由於股票價格及利率變化所帶來的嵌入期權的變化對公司債券價值造成的影響,即公司債券價值的敏感性,提出了大致估價這種影響的方法。
  5. By drawing essence from limited partnership contract, we can reconstruct and improve incorporated company contract in china ; the fourth, when compared with debt contract or common stock contract, convertible preferred stock contract is the best choice for our investing stage contract, because it is better to alleviate asymmetric information and lower agency cost effectively in the process of venture capital investment. but it is very possible that common stock contract would still be used widely in a certain long time because convertible preferred stock contract suffers law restriction and many other limitations in china ; the fifth, staged investment, combinative investment and united investment are recommended strongly in this paper

    但由於可轉換優先股契約在我國受到諸多限制,普通股契約在一定時期內仍將居於主導地位;第五,分段投資、組合投資、聯合投資(投資辛迪加)可較好地適應風險投資過程中的不確定性、有效降低投資風險,應積極借鑒;第六,人力資本不確定性的存在是可轉換優先股、分段投資在契約條款中頻頻出現的內在原因;第七,信譽機制在風險投資過程中具有自動履約功能;第八,促進投資主體與產權結構多元化、轉換政府職能、完善法律法規、培育經理市場、健全社會信用體系、充分發揮信譽的自動履約功能是保障我國風險投資契約順利履行的關鍵。
  6. In chapter three, this paper discuss the theoretic assume which calculate the original conversion price of convertible bond through b - s model

    本文的第三章詳細探討了運用b - s模型確定可轉換債券初始轉換價格的理論設想。
  7. Then it stress on the infection of original conversion price in convertible bond issuance. by employing si chou convertible bond and shen baoan convertible bond cases, this paper give a detail explain on this infection

    本文的第二章首先闡述了可轉換債券的性質和特點,然後重點論述了初始轉換價格對可轉換債券發行成功與否的重要影響。
  8. In b - s model, original conversion price has been known ; moreover, it is an important parameter in calculating the value of the option that the convertible bond involves. however, in this paper, every thing proceeds in reverse

    在b - s定價模型中,初始轉換價格是推算可轉換債券中股票買權的價值的重要參數,本文反其道而行之,通過可轉換債券的投資價值(發行價格)推出股票買權的價值,並進而推算出可轉換債券的初始轉換價格呢。
  9. There has been little paper on calculating original conversion price of convertible bond so far. the subject matter of this paper is just calculating original conversion price of convertible bond by b - s model, presenting the author ' s own assumes and testing this assume by practice case, which may be its special character. zhou weigong ( finance & accounting department ) directed by jin liyu

    盡管在初始轉換價格的確定這一方面,國內、國外鮮有論文剛,但本文的重點恰恰就在於對運用b七模型確定可轉換債券的初始轉換價格進行探討,提出了自己的設想並用具體案例進行了檢驗? ?這也可以說是這篇論文的獨特之處吧。
  10. Qingdao haier has to strengthen management in order to make the conversion successful. the paper analyzes qingdao haier ' s operation status and financial status in 2001, analyzes its competitiveness and the impact of the change of environment on it, points out the problems existing in its capital structure, forecasts its income and earning before interest and tax in 2002, and compares convertible bond with stock and bond with respect to individual capital cost, overall capital cost, differential cash flow nud earning per share, and draws the conclusion that convertible bond is the best choice for haicr. the paper continues to systematically design convertible bond for haier and evaluate the convertible bond using the option pricing model

    本論文分析了青島海爾有限公司2001年的經營狀況和財務狀況,分析了青島海爾有限公司的競爭優勢以及它所面臨的環境變化的影響,指出了青島海爾有限公司資本結構上存在的問題,然後根據公司的發展戰略及公司2001年的各種財務比率,預測公司2002年的收入及息稅前利潤,並從個別資本成本、綜合資本成本、差異現金流量和每股收益等方面對青島海爾有限公司增發新股融資、可轉換債券融資及企業債券融資三種融資方式進行了全面細致的比較分析,最終得出青島海爾有限公司以可轉換債券融資是最合適的。
  11. This paper is a study on convertible bonds as a complex class of securities on the basis of a survey of the findings of earlier research work and by citing examples of convertible bonds that are already in existence on china ' s securities market

    本文結合我國證券市場已經存在的可轉換公司債券的實際例子,在總結利用前人理論研究成果的基礎之上,對這個復雜的證券品種進行了研究。
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