debt factor 中文意思是什麼
debt factor
解釋
債務系數，負債系數-
At present, the phenomena of lacking credit are very serious in our country. such behaviors are very popular : business swindle, selling fake commodities, breaching contract, being in debt among one another, enterprises have no the three necessities, enterprises that put their stock in market give false number on their property. the serious credit loss has become an important factor to decide whether the market can develop healthily or not
而我國目前「信用缺失」的現象十分嚴重：商業欺詐屢見不鮮、假冒偽劣久治不愈、毀約違法司空見慣、 「三角債」積重難返、 「三無」企業屢禁不止、上市公司虛報瞞報登峰造極… …嚴重的信用缺失已成為我國市場經濟能否進一步健康發展的瓶頸，盡快建立有效的信用體系是經濟發展迫在眉睫的需要。 -
This paper introduces the theory of sustainable growth of companies and meanwhile thoroughly analyzes the subjective and objective factors affecting sustainable growth of listed companies in china. then with the sample of chinese a - stock listed companies which appear on stock exchange of shanghai and shenzhen before 1994, using sustainable growth model brought forward by robert higgins and james van herne and the mathematical statistic methods of means and wilcoxon. this paper tests the sustainable growth status of all sort of listed companies in china during the period from 1994 to 2000. meanwhile an empirical analysis is made in this paper by the factor method and regression to find out equilibrium relation among sustainable growth of chinese listed companies profitability capability of debt - repayment and capability of operation
然後藉助美國資深財務學家羅伯特?希金斯和詹姆斯?范霍恩的可持續增長模型，選擇我國1994年底以前在上海、深圳證券交易所上市的282家a股上市公司為研究對象，運用均值檢驗和威爾科克森的數理統計方法檢驗了我國上市公司1994 2000年度各行業的可持續增長的情況。本文還採用主成份分析法和多元回歸的方法，確定和解釋了影響我國上市公司可持續增長的主成份因素，並研究上市公司可持續增長與公司營運能力、償債能力和盈利能力的平衡關系。 -
I hope i can speak frankly to this sophisticated readership without causing alarm. the risk factor at the top of our list is not possible contagion from the debt crisis in argentina, which used to run a currency board system similar to our own. nor is it the weakness of the yen and possible impact on the renminbi
各位讀者對金融財經事務都有深入認識，因此我可以不怕引起不必要的恐慌直接的說：在我們的名單里，排行第一的風險因素並不是阿根廷危機可能引起的連鎖影響阿根廷過去一直實施類似本港的貨幣發行局制度，亦不是日圓疲弱及其可能對人民幣造成的影響。 -
Yet the major proportion of it arose from normal operations of the banking sector, and the government incurred no external debt at all. the gross national product ( gnp ), comprising gdp and net external factor income flows, stood at $ 1, 287 billion in 2002
二零零二年，包括本地生產總值和對外要素收益流動凈值的本地居民生產總值，以價值計算達12 ， 870億元，較相應的本地生產總值高2 -
The dissertation is divided into six chapters. chapter 1, summary, which explain the importance of the topic and suggest the system, method, and main contents of this dissertation. chapter 2 : the research of the theory of national debt and the practice of the debts issuing in china, in this part, we sum up the theory of national debts and the method of researching moderate scale in china and other countries. chapter 3 : the analysis of burden of national debts in china, which analyze the debts " burden by the rate of debts " burden and the rate of repayment of debts and the degree dependence of debts and so on. chapter 4 : influence factor study of the reasonable limit of national debts " quantity, in this chapter we get the factors that mostly affect the scale. using the actual datum and modern econometric and statistical analysis method, we conclude that the repayment of capital and interest and the finance deficit are the most important factors
第二章國債理論研究進展和我國的國債實踐，綜述國內外國債理論研究的進展和我國國債發行的實踐以及國債適度規模的研究方法。第三章我國國債債務負擔分析，主要從政府償債能力和社會應債能力兩方面，選取了債務依存度、國債負擔率和國債償債率等指標，通過橫縱對比，對我國國債債務負擔進行了分析。第四章債務負擔合理數量界限的影響因素分析，選取了九個與國債密切相關的指標，通過多重共線性診斷、最佳回歸模型的選擇分析，最後選定國債還本付息額和財政赤字兩個與國債規模最密切的指標。 -
It point out that the essential of municipal bond is the problem on repaying debt and assuring to local governments, the key factor is to enhance credit through credit enhancement, the extrude specialty is its revenue of interest except from tax. after analyzing an obligation and revenue bonds, it studies the origination : its issue principal part, the usage of financing, investors and intermedium ; the steps on the control of risk : the restriction on rights to creditor and the volume of debts ; the special regulation department ; the wide exertion of market and the clear duty system and guarantee on repaying
在分析一般責任債券和收入債券后，探討了市政債券市場的運作，具體分析了市政債券的發行主體、資金用途、投資者和中介機構；在此基礎上，深入研究了美國市政債券市場的風險防範措施：法律對舉債權和舉債規模的嚴格限制、設置專門的監管機構、廣泛發揮社會的監督力量、建立清晰明確的責任體系和通過保險加強債券的清償保障。 -
The results show that the industry factor, the company size and the proportion of non - debt tax shields have a remarkable effect on the choice of capital structure, while the multiple of interest safeguard and the proportion of asset collateral value do not have an obvious effect on the asset - liability ratio
結果表明：行業因素、公司規模和非負債稅盾比例對資本結構的選擇有顯著的作用，而利息保障倍數和資產擔保價值比例對資產負債率沒有明顯的影響。 -
This mainly shows as follows : the enterprise and the enterprise are in arrears with each other seriously ; the financial distortion of enterprise ; the enterprise escapes and abolishes the bank debt ; the enterprise manufactures and sell the fake ; the enterprise is in arrears with the salary ; issue false manage information ' s, etc. those are something with the unripe market economic system of our country, the lagging of thought morals construction, there training weak of law, the factor having something to do with standard, the difficulty of safeguarding the consumer rights and the unstandard government behavior
所謂企業誠信經營是指企業依照國家法律規定、市場規則和商業道德規范，在經營管理和市場營運中確立和執行的自律性理念和行為。人無信不立，企業無信則衰。可是，目前我國企業經營誠信缺失問題卻相當嚴重，這主要表現在：企業與企業之間相互拖欠嚴重；企業財務失真；企業逃廢銀行債務；企業制假售假；企業拖欠工資；發布虛假經營信息等方面。 -
As a result of the factor analysis, the total financial fragility situation is rigorous and the fragility in the banking system, stock market, and national debt needs paying more attention
最後，文章提出了化解金融脆弱性的對策建議。第一，規范和強化金融監管，進一步健全金融監管體系，這是化解和防範金融脆弱性的重要保障。 -
So - called the interest rate term structure in the paper, is the different term structural analysis and estimation in government debt bond market. the influent factor of the interest term include : the capital long period benefit, the short - term interest rate, the expected inflation, macro variable ability of adaption
所謂利率期限下，就是指對不同時點的整個國債市場利率期限結構的分析和估計。期限結構的因素有資本回報率、短期利率的影響、長短期利差、通貨膨脹預期、宏觀調控能力等。 -
The three main conclusions are drawn : ( i ) by choosing 19 financial indexes, this paper makes a demonstrative analysis of the annals data of the listed companies in henan province in 2004 via factor analysis method, and finds out five principle factors which have important modifying effect on the evaluation of achievements of the listed companies. they are profit factor which represents the reward structure of the listed companies, the gained profit factor which represents the profitability of the companies, the debt service factor which represents solvency of the company, the management factor which represents the managed capacity of the companies and the development factor which represents the capacity for development. each principle factor multiplying its corresponding variance contribute rate get the synthesis score of each company respectively, consequently this paper makes an comprehensive evaluation of each company
主要得出以下三個結論: （一） 、選取19個財務指標，用因子分析法對2004年河南省上市公司年報數據進行實證分析，找出對上市公司業績評價有重要影響的五個主因子，分別是代表上市公司利潤構成的利潤因子、代表公司獲利能力的獲利因子、代表公司償債能力的償債因子、代表公司經營能力的經營因子和代表公司發展能力的發展因子，綜合各個主因子得分乘以他們相應的方差貢獻率，得到各個公司的綜合得分，從而對各個公司的優劣作出一個綜合評價。 -
Structural design of subordinated debt is not only a key factor to issue the bond and operate it successfully, but also an intrinsic basis of its functional mechanism
摘要結構設計不僅是次級債成功發行和運作的關鍵要素，而且是其作用機理的內在基礎。 -
The operating condition of the state - owned enterprises in 2000 turning for the better in all aspects, depended on the mighty policy factor, for example, the debt turning to stock, the interest rates of loan cutting down, and the export tax refunding etc.
2000年國有企業經營狀況的全面好轉，在相當程度上依賴于強大的政策因素，如債轉股、貸款降息、出口退稅等。 -
In the first place, the imperfect legal and other related system have greatly held back the development of the corporation bond development in china. for example, " corporation bond management regulation " issued in 1993 has much to be improved in levying tax on the interest income of corporation bond, credit rating and the supervise mechanism. in the second place, the management system of the corporation should be improved greatly. for instance, the agent holds the control right ; the reassign obstacle of the control right and the bad debt rate is too high. in the third place, the lower flowing flexibility of the enterprise bond is also a factor
第一，本文認為相關的制度和配套法規不完善制約了我國企業債券市場的發展，如1993年頒布的《企業債券管理條例》 、對企業債券征利息所得稅、信用評級制度的缺陷、市場監管機制不完善；第二，公司法人治理結構不健全制約我國企業債券市場發展如，代理人掌握控制權、控制權轉讓存在障礙、企業自身資產負債率過高；第三，企業債券的低流通性制約了我國企業債券市場的發展；第四，缺乏機構投資者參與制約了我國企業債券市場的發展。 -
Among them are historical factor ( which shows that fiscal difficulties exist every year in our country and are the result of reform in each historical stage ) ; fiscal system factor ( which means that the current fiscal system in our country is not so perfect ) ; pressure factor ( from how to tackle and remove the bad effect brought about by the fiscal policy and how to boost economic development ) ; the transferred problems from the state - owned commercial problems from the state - owned commercial banks ( which is an inseperable factor connected with fiscal risk ) ; and problems of local debt. chapter four main suggestion and countermeasures for guarding the fiscal risk in our country. they are as follows : 1
文章認為，財政不能走以往大包大攬的老路，風險的防範要充分發揮市場機制的積極作用，從而可以減少財政的部分壓力，同時，我國的財政支出結構，要適應政府職能轉變發展市場經濟的要求，作出適當調整，進而在我國建立公共財政的基本框架；文章對債務風險的防範主要是從國債和地方債務兩方面出發，提出了自己的一些建議；對于赤字風險的防範，文章指出，提高國家財力的集中程度，把控制赤字作為中長期財政發展規劃，調整支出結構，是解決問題的重要途徑；最後，文章還提出，基於我國政策環境的轉變，以及宏觀經濟發展的需要，及時調整積極財政政策的作用方向和方式顯得十分必要，有利於減少各種誘發風險產生的因素，更好地防範財政風險。 -
The author comes to the conclusion that policy environment in china can provide more effective protection for short - term creditors, and the mobility of debt is the key factor which influences motivation function of capital structure
中國的制度環境能夠為短期債權人提供更有效的保護機制，債務的流動性是影響資本結構激勵功能的關鍵因素。 -
From the substantial evidence, four variable factor of the debt bond market risk have been concluded by use of spssl0. 0 software. ( 2 ) the basic principle of modern risk management is applied. to aim at the present shortcomings of chinese debt bond market risk that the government debt bond price to deviate value, under the interest rate term, the developed vasicek mode is used by use of eviews software
（ 2 ）應用現代風險管理的基本原理，以防範化解利率期限下的我國國債市場風險，針對我國傳統國債定價弊端，引入擴展型多因子瓦西塞克模型，利用eviews軟體nls估計，推導出了在利率期限下，中國國債市場的擴展型四因子瓦西塞克國債定價模型。 -
One factor contributing to this pleasing development was the improvement in the asset quality of banks, which translated into a lower bad debt charge
銀行業表現理想的其中一個原因，是銀行資產質素改善，有助減少呆壞帳準備金撥備。 -
Main research in this text results are : ( l ) from the micro financial risk ' s view, according to the motion of the instant rate of return in government debt bond market, through the principle composition analysis method, it may exist the variations for our country the government debt bond market to cause the misharped factor of risk
本文主要研究結果是： （ 1 ）從微觀金融風險角度出發，根據國債市場即時收益率的波動，本文通過主成分分析法，分析診斷出了我國國債市場中可能存在引起風險變故的變異因素，實證得出國債市場的四因子變異風險因素。
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