financing capital 中文意思是什麼
financing capital
解釋
籌措資金-
A study on the market conductibility of the alteration of financing capital ' s use by china ' s listed companies
我國上市公司募集資金變更投向的市場反應研究 -
Then, based on lemons model, the paper analyses the market conductibility of the alteration of financing capital ' s use
然後，在阿克勞夫模型的基礎上，對上市公司變更募集資金投向的市場傳導效應進行了理論分析。 -
In mbo, the definitude of the buying parties, the pricing of the non - transferable state - owned shares and the buying capital financing are the three key questions
在上市公司管理層收購中，收購主體的設定、非流通股的定價和收購資金的來源是三個難點問題。 1 .關于收購主體的設定。 -
( 1 ) financing strategy : the capital structure has no difference between trades ; the structure in debt is obviously prone to floating debt financing ; the financing channel is narrow
（ 1 ）融資戰略：資本結構不存在行業差異；負債結構有明顯的短期債務融資傾向；融資渠道狹窄。 -
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。 -
Capital financing surplus deficit after government bond issuance
已計入政府債券的 -
The second part, have carried on the analysis of real example to the international competitiveness of the steel branch of industry of our country : of our country steel and iron industry basic competitiveness analyse mainly from " key element supply with " whether strength launch, including three respects of manpower, financial resources, material resources, are shown as high - level talent ' s shortage on the quantity of the manpower resources, it is unreasonable that the structure is shown as, personnel ' s whole quality is not high ; the resource respect of financial resources, shown as the capital market hypoplasia, industry ' s financing channel is relatively narrow, studies and uses incompletely about the modem investment and financing management method, the system defect of financing and deterioration of the environment for financing cause profit ability to be low
第二部分，對我國鋼鐵行業的國際競爭力進行了實證分析：我國鋼鐵工業基礎競爭力分析主要從「要素供給」實力方面展開，包括人力、財力、物力資源三個方面，在人力資源的數量上表現為高層次人才短缺，結構上表現為不合理，人員整體素質不高；財力資源方面，表現為資本市場發育不全，產業融資渠道較窄，對現代投融資管理辦法研究和使用不夠，融資體制缺陷和融資環境惡化導致盈利能力低下。物力資源主要表現為礦產資源相對不足，水資源短缺，對交通運輸構成壓力等。 -
First, the thesis gives a detailed analysis about the causes and expressions of the medium and small - sized enterprises financing problems, concerning the relationship between banks and enterprises enterprises status, related policy and finance service etc. then, in order to solve the financial problems effectively during the developing process of the medium and small sized enterprises, on the basis of the development stage, concrete environment and characteristics of the medium and small sized enterprises in our country, the thesis gives relevant suggestions about the improvement of enterprises " inside financial environment channel expansion of the indirect f inane ing, more emphasis on direct financing trend of the state ' s policy and innovation of financial instruments etc. at last, in order to welcome the coming technology economy, the thesis especially analyze how to use the capital from at home and abroad to develop risk investment, to ease up the contradiction of capital supply and demand, and to support the fast development of the hi - tech medium and small - sized enterprises
然後，為有效解決中小企業發展中遇到的資金問題，根據我國中小企業所處的發展階段、具體環境和自身特點，結合我國金融市場的現狀和未來發展趨勢，從改善企業內源融資條件、拓展間接融資渠道、注重直接融資手段、國家政策取向、金融工具創新等方面，提出相應的對策建議。為迎接知識經濟的到來，本文還特別探討了利用國際、國內資金發展風險投資業務，緩解我國高科技中小企業資金需求與供給的矛盾，支持高科技中小企業快速發展的措施。本文試圖通過對中小企業融資問題的研究，探索我國中小企業特別足高科技中小企業發展面臨的一些共性問題，為我國中小企業融資方式和融資體制的改革略陳管見。 -
The third part mainly analyzes four risks of house tenancy center and the corresponding managing measures. the part analyzes profit and free - rent period through discussing probability of house in - and - out quantity in profit risk, proposes the risk management measures of cash supervisory mechanism and selectivity financing in capital gap risk, putts forward the measures of liquidity gap forecast, improving credit and adopting different free - rent period in house liquidity risk, and introduces the credit swap to transfer leaseholder default risk
本部分主要分析了房屋置業中心的四個風險，分別是收益風險，通過引入給定時間段內的房屋存貸量的概率分佈分析了房屋置業中心的收益風險和空租期的確定；資金缺口風險，並提出現金監理機制和選擇性融資的風險預防措施；房屋流動風險，提出流動缺口預測、提升自身形象、採用不同空租期的風險管理措施；承租人的支付風險，主要引入了信用掉期合同來轉移這種風險。 -
In this chapter, i have reviewed most of all perspectives on which previous works about the main issue in detailed, for few works concerned it have been published. the previous works can be divided into 5 categories : how mnes or fies to make the decision about total quantity of investment and financing funds and the structure of those funds from every channel ; the capital cost, capital structure, cooperate value of mnes ; how fluctuation of, or the institutes of exchange rate effect financing activity of mnes ; the govern structure, control power distribution between all precipitants in a fie ; lec research on the subject
第一章文獻綜述：因為國內尚少這類研究，故比較全面的綜述國內外了現有成果中關於一國（地區）內外商投資融資的總量、構成及變動的研究；跨國公司內部的資本成本和資本結構（融資結構）及公司價值的研究；匯率波動對跨國公司的財務、融資行為的影響；外資企業的治理結構、所有權優勢及控制權分佈；第三世界國家及我國對跨國公司融資的研究。 -
The former mostly includes finance trench, which consists of urban maintenance and constructive tax, add - ons of public utility, urban land - using tax, the debt of local government, remise of urban state - own land - using right and special national debt capital, and so on ; administrative charge trench, which consists of apportion, raising the price of urban infrastructure products and services, and so on ; practicality investing trench, which mostly consists of corresponding capital for urban infrastructure provided by real estate exploiters ; other financing trenches, which consist of time - limiting remise of operating authority on urban infrastructure section, introducing into foreign capital, short term loan of civil financing institution, and so on. the latter includes the innovation on the main investors, which consist of the anticipation of civilian capital and other non - financing institutions, and the innovation on financing tools, which consist of project financing, investment funds on industry, municipal bonds and initial public offering, and so on
前者主要指以政府作為投資主體下的各種融資工具，包括財政稅收渠道（包括城市維護建設稅和公用事業附加、城鎮土地使用稅、地方政府債務、城市國有土地使用權有償出讓、國債專項資金等） ；行政收費渠道（包括攤派、提高基礎設施產品和服務的價格等） ；實物投資渠道（主要是讓房地產開發商為城市基礎設施提供配套資金） ；其它融資渠道（包括市政設施部門專營權有限期出讓、引進外資、國內金融機構的短期貸款等） ；後者則包括融資主體的創新（民間資本的參與以及其它非銀行金融機構的介入）和融資工具的創新（項目融資、產業投資基金、市政債券、股票上市等） 。 -
In the past, banks used to concentrate on financing capital investment. credit risks were not diversified
以往，銀行貸款只局限在對生產領域的放貸，使得銀行的信貸風險過于集中。 -
Topics to cover include the time value of money, net present value and other investment criteria ; use of discount cash flow for investment decision ; risk and return of investment ; project analysis, corporate financing, capital structure ; financial statement analysis, financial planning ; working capital management ; cash and inventory management ; risk management
涵蓋的主題包括金錢的時間價值，凈現值和其他投資準則；運用現金流量貼現法作投資決策；風險及投資回報，項目分析，合作融資，貨幣結構；財務報表分析，財務計劃；營運資本管理；現金和存貨管理；風險管理。 -
We discover that investors are only willing to pay the price of the worst company for the share of listed companies which altered financing capital ' s use, as a result of adverse selection. so we draw a theoretic conclusion that announcement of alteration of financing capital ' s use have some valuable information, and share price will fall
經過分析我們發現由於逆向選擇的結果，投資者只願意對變更募集資金投向的上市公司股票支付質量最差公司股票的價格，並從理論上得出結論：上市公司發出的募集資金變更投向公告會在證券市場上產生傳導效應，引起該公司股價下跌。 -
The practice is emerging as a vehicle for financing capital projects and production - sharing ventures, for ensuring the repatriation of profits from investments in countries beset by external debt and hard currency shortages, and for competitive bidding on major nonmilitary government procurements
它的出現為金融資產項目和商品共享企業提供了一種工具，確保了投資者對被外債和嚴重貨幣短缺困擾的國家的投資利益的回收，並為政府競標主要的非軍事采購 -
For meeting the needs of project, the plan of project financing should include the amount and type of currency, flowing amount of financing capital, capital source structure and financing risk assessment
為了滿足開發項目對資金的要求，融資方案應包括所融資金的幣種與數量、所融資金的流量、資金來源結構、融資風險評價等內容。 -
With detailed analysis of the financing means and finance demand of internet company, while learning from the research angle and method of exiting corporate capitai structure theory, the capital structure theory for internet company is studied from the foilowing angies " financing capital cost, market competition structure, information economics and trade - off theory as weli
首先分析社會投資主體的風險偏好和網路公司的投資風險與收益特徵；論述網路公司股權融資和債權融資，金融需求和融資障礙。重點借鑒現有公司融資結構理論研究方法，從融資資本成本、市場競爭結構、信息經濟學以及權衡理論等角度，勾勒出專門針對網路公司m /摘要+的融資結構理論框架。 -
Empirical analysis of financing capital structure of china ' s listed companies
我國上市公司融資資本結構實證分析 -
At the same time, together with increasing bank crediting and indirect financing, capital markets should be further developed to change the unused social funds into capital funds. in terms of direct financing, corporate bond financing markets is important and needs consideration. and hi stock financingjspecial attention should be paid to adjust the relationship of financing scale and stock ownership structure
同時，應在繼續擴大銀行信貸、發展間接融資的同時，大力發展資本市場，在直接融資中應注意發展企業債券融資市場，在股票融資中應注意調整融資規模與股權結構之間的關系。 -
We choose the listed companies and investors as participators, analyze the process that alteration of financing capital result in adverse selection
我們以上市公司和投資者作為參與人，分析了當上市公司變更募集資金投向時，在信息不對稱的情況下，產生逆向選擇的過程。
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