external equity 中文意思是什麼
external equity
解釋
外部公平-
As to the transformation of financing institution, the financing structure of firms, especially state - owned enterprises, develops disproportionally : external financing proportions relatively higher than internal financing ; indirect financing higher than direct financing ; stock financing. higher than bond fmacing ; and total debt financing higher than equity financing
在融資機制的變革中，企業，特別是國有企業的融資結構呈非均衡發展：相對來說，外部融資比重高於內部融資比重；間接融資比重高於直接融資比重；股票融資比重高於債券融資比重；全部負債融資比重高於股權融資比重。 -
Mr yeung said kcrc had received from the government 29 billion equity contribution for west rail, phase i. this provided a strong equity base in support of the corporations external borrowings
楊先生指出，政府已經注資二百九十億港元給九廣鐵路公司，用於興建西鐵第一期。這筆注資為該公司提供一個穩建的資本基礎，以便該公司向外借貸。 -
On this basis, the author conducts quantitative study on internal equity, department equity and external equity in the equity theory
在此基礎上，對公平理論中的內部公平、部門公平以及外部公平進行了定量研究。 -
The selective managerial system can be made up of the internal selecting mechanism decided by the corporate governance and the external selecting mechanism decided by the market competition mechanism ; 3 ) establish a stock - equity incentive binding mechanism of the manager of township collective enterprises
這一選擇管理機制可由企業治理結構所決定的內部選擇機制和由市場競爭機制所決定的外部選擇機制共同組成。三、建立鄉鎮集體企業經營者激勵機制和約束機制的實現途徑。 -
The hkma manages these portfolios, and other global equity portfolios, exclusively through external fund managers
金管局將這些組合及其他全球股票組合的管理完全交由外聘投資經理負責。 -
The hkma will continue to manage the hong kong equity portfolio through the existing external fund managers originally appointed by efil
金管局會繼續透過現時由投資公司委任的外聘基金經理管理港股組合。 -
The exchange fund employs external fund managers located in 13 international financial centres to manage about one third of its total assets and all of its equity portfolios
外匯基金僱用的外聘基金經理分佈於13個國際金融中心，負責管理外匯基金約三分之一的總資產及所有股票組合。 -
Apart from managing assets internally through the reserves management department, the exchange fund also employs external fund managers, located in 14 international financial centres, to manage about one third of its assets, including all of its equity portfolios
除透過儲備管理部內部管理資產外，外匯基金亦僱用外聘投資經理。外聘投資經理分佈於14個國際金融中心，負責管理外匯基金約三分之一的資產，其中包括所有股票組合。 -
Part 4 is the empirical analysis to chinese listed companies " financings behavior. reaching for the company ' s financing structural analysis of the developed country, making the conclusion : profit financing ratio is the highest financing, bank loan is the most important way in the external financing, final just selecting equity financing, analyzing to the financing structure of chinese listed companies, the listed company ' s financing
第四部分我國上市公司融資行為的實證分析這部分包括第四章是本文的另?個重點，先對發達國家公司融資結構分析，發達國家公司融資順序為:留存收益比率最高，銀行貸款是最重要的外部融資方式，最後才』選擇股權融資。 -
Myers ( 1984 ) and majluf ( 1984 ) proposed new pecking order theory, which states that under asymmetric information conditions firms have no well - defined target debt - to - value ratio, and that firms in general prefer internal financing ( first ), then external debt financing ( second ), and external equity financing ( third )
代表性學說有mm定理及其修正學說、啄食順序理論和新優序融資理論。新優序融資理論認為在不對稱信息條件下，企業首先偏好內部融資，其次是債權融資，最後是股權融資。 -
Following reasons lead to the improper cash dividend policy : the equity structure dominated by a shareholder makes the manager and dominating shareholder have incentives for controlling dividend policy ; the bank system which is in weak position in governance structure lacks of governing ability ; inefficiency stock market cannot provide ‘ hard constraints ’ for external governance
本文指出，導致現金股利政策的決定不科學的原因有以下:一股獨大的股權結構導致上市公司經理人和大股東具有操縱現金股利的動機;銀行處于相對弱勢的地位，其對上市公司缺乏治理能力;並非有效的證券市場無法提供外部治理的硬約束。 -
The second issue that the board considered today relates to the appointment of external managers to assist efil in the management of the exchange fund s long term hong kong equity investment portfolio
除上述有關股票出售事宜外，董事局今日討論的第二件事項，是關于委任外聘投資經理，以協助投資公司管理外匯基金長期持有的香港股票組合。 -
In the equity value view this paper discovers that the shareholders really bear some financial distress costs. using multielement linear regression to analyze influencing factors of the financial distress costs, the paper discovers the corporate government, corporate characteristic and external environment are obviously relative to the financial distress costs. embarking from the above research conclusions this paper gives some advice that establishing the prediction system of financial distress, and perfecting the mechanism of corporate government and the corresponding law system policy, in order to provide the policy - making reference for distressed companies to get rid of the financial distress or reduce the financial distress costs, promote the sound development of the listed company, and realize the rational distribution of social resources
本文以上市公司為研究對象，將公司因財務狀況異常而被特別處理（ st ）作為企業陷入財務困境的標志，採用經營業績觀對企業承擔的財務困境成本進行考察，發現財務困境不僅給上市公司帶來成本，而且也具有福利效應;採用權益價值觀對權益投資者承擔的財務困境進行分析，發現權益投資者承擔了部分財務困境成本;採用多元線性回歸法對財務困境成本的影響因素進行分析，發現公司治理、公司特質、外部環境參數與財務困境成本有密切關系;從上述研究結論出發提出了建立財務困境預測體系、完善公司治理機制、完善相關法律制度的政策建議，以期能為企業擺脫財務困境、降低財務困境成本提供決策參考，促進我國上市公司的健康發展，實現社會資源的優化配置。 -
To analyze financing structure of listed companies in china, first, based on the relative analysis of financing structure of listed companies in western developed countries, we review current situation in china, and describe and test the financing behavior and the financing structure of china ' s listed companies. second, i explains the factors of equity financing preference in the following three aspect : cost - financing cost, corporate interior - governance structure, and the external surroundings - financing markets. finally, in order to optimize the financing structure and enhance firm value, we put forward a lot of countermeasure
為了揭示當前我國上市公司融資結構的形成原因，本文首先在對國內外上市公司融資結構進行對比分析的基礎上，著眼於我國現實，對當前我國上市公司總體融資行為和融資結構進行了描述與檢驗；其次，從成本? ?融資成本、公司內部? ?治理結構和外部環境? ?融資市場三個方面系統、深入地分析了造成我國上市公司融資結構扭曲的原因；最後，以企業價值最大化為目標，給出優化我國上市公司融資結構的對策措施。 -
The modern capital structure theory shows that a company ' s financing structure does affect its value, so firms usually raise their finance in pecking order : retained earning refinancing, debt financing, and then external equity financing
現代資本結構理論表明，公司的融資結構確實影響公司價值，公司的融資順序應遵循優序融資理論，即留存收益優先，債權融資次之，外部股權融資最後。 -
The logistics of transferring the management of the external managers of the hong kong equity portfolio from efil to the hkma should not be unduly burdensome
投資公司移交香港股票組合的管理工作予金管局，當中涉及的後勤安排應該不會過于繁復。 -
This hong kong equity portfolio is presently managed by the exchange fund investment limited ( efil ) and the hkma will also ask efil to manage, through external managers, the hong kong equities to be held as a long term investment portfolio
這批香港股票組合目前由外匯基金投資有限（投資公司）管理，金管局會要求投資公司透過外聘基金經理管理外匯基金持有作長期投資組合的香港股票。 -
However, china ' s listed companies behave in a manner that does n ' t follow the pecking order theory. they prefer external equity financing ( first ), then external debt financing ( second ), and internal fmancing ( third ). the paper analyzes empirically the financing choices of listed companies in china from two aspects
本文借鑒國內外學者的研究成果，採用規范和實證相結合的研究方法，從優序融資理論模型檢驗和融資成本比較兩個角度綜合研究我國上市公司融資方式的選擇。
分享友人