pecking order 中文意思是什麼
pecking order
解釋
【生物學】禽鳥強弱次序；社會等級。-
There is a distinct pecking order in cabine, and the minister for education resides somewhere in the lower echelons.
內閣的成員分三六九等，等級分明。教育大臣地位處在該等級結構的下層。 -
Did you fit in the high school pecking order or were you ostracized
你適應高中的諸多規則嗎？或者你受到排斥？ -
The financing pecking order in high - tech entrepreneurial enterprises
高科技創業企業融資中的金融啄序 -
Empirical test of static tradeoff theory and pecking order theory
靜態權衡理論與啄食順序理論的實證檢驗 -
Newcomers have to accept their position at the bottom of the pecking order
新來的人論資排輩只好屈居於最底層 -
( 3 ) the fact in china ca n ' t be explained by myers ' s pecking order theory
（ 3 ）我國上市公司的融資現狀不能用梅耶斯的啄食順序理論來解釋。 -
Evra ' s arrival also means john o ' shea and kieran richardson will be shunted down the pecking order
埃弗拉下周抵達英國后將首先接受身體檢查。 -
To clamber up the pecking order, some people slave away nights and weekends at the office
為了攀爬上更高的等級，一些人晚上和周末也在辦公室苦幹。 -
The problem is that like other animals, human beings are hierarchical and peo ; le at the top of the pecking order don ' t tend to like being challenged, says cary cooper, professor of organisational health and psychology at the university of manchester instiute of science and technology
曼徹斯特理工大學機體健康和心理學教授加里.庫珀說，問題是人類像其它動物一樣也有等級之分，而位居頂層的人往往不喜歡受到指責。 -
Chapter ii reviews theories which has existed on corporate capital structure and corporate financial decisions, for example, static tradeoff theory, pecking order theory, and agent - principal theory. these views agree on that corporate financing order should be debt financing first, then equity financing
已有企業資本結構和融資理論，無論是靜態平衡理論，委託代理理論，還是啄食順序理論都認為：企業外部融資時應首先選擇債權融資后選擇股權融資。 -
Through the review of theories about capital structures of foreign countries, the paper compares developed with developing countries in the capital structures and analyzes the character of chinese listed company. based on ample data, the proportion of equity financing is much more than that of credit financing in the capital structure of listed company. it indicates that listed company ' s choice of financing approach has an intensive predilection of equity financing, which is far from “ pecking order ” of financing approach in matured market. at the same time, the efficiency of equity finacing is not hight, so is debt finacing. the funds raised from equity finacing changes high frequency and lacks restrict, and the efficiency of debt finacing from bank is not hight because of “ soft restriction ”. despite the debenture has a preferable restrict, it grows lentitudily in china
大量數據說明中國上市公司融資結構中股權融資的比重遠遠超過債權融資，與成熟市場條件下公司融資方式的「啄食順序」不同，有著強烈的股權融資偏好。同時，中國上市公司的融資效率是低下的，不管是股權融資還是債權融資。股權融資募集資金變更頻繁，缺乏約束，資金使用效率不高;銀行債權融資存在軟約束，使用效率同樣不高;公司債券融資具有較高的約束力，但在我國發展受到限制。 -
The french international is believed to be unhappy with his lack of first - team action at chelsea and he is well down the pecking order in jose mourinho ' s plans
這位法國國腳一直鮮有一線隊出場機會，並且他也不在穆里尼奧長遠計劃之中。 -
Nowadays, the pecking order of state - owned listed company in chinese capital market is deviated the pecking order theory
當前在我國資本市場中國有上市公司的融資順序安排與西方融資順序理論出現了偏離。 -
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。 -
This paper makes an statistical analysis on the rate of every financing amount to overall capital source of chinese listed companies from year 1993 to 2000 and draws the characteristic of the financing order of chinese listed companies : the financing order is stock financing - bank loan - internal financing - bond financing from 1993 to 1997 soon after stock market was set up in china ; affected by various kinds of economic policies and other factors, the financing order is bank loan - stock financing - internal financing - bond financing after 19 98. the conclusion is reverse to the " pecking order theory " and that of the companies in developed countries, namely ignoring internal financing and having a partiality for stock financing, extremely with the disgust to debt financing
本文通過對我國上市公司1993年至2000年資金來源總體情況和和各年各融資方式所佔比重的統計分析，得出我國上市公司融資順序的特徵：我國上市公司在股市建立不久的1993年至1997年其融資順序為股票融資?銀行貸款?內部積累?債券融資， 1998年以後受各種經濟政策和制度因素的影響其融資順序為銀行貸款?股票融資?內部積累?債券融資。說明我國上市公司在融資過程中表現出與西方經典「融資順序理論」 （ peckingordertheory ）以及發達國家上市公司融資順序相異的「融資偏好悖論」 ，即忽視內部融資，對股權融資極度偏好和對債務融資的厭惡。 -
There is no room for equality in such a dance ; for the guru is on top and all others are underneath in a pecking order or hierarchical structure
你對我們的幫助可以是清除那些阻止你所生活地區或你所希望在任何一年拜訪地區的提升的人類模式。 -
Market timing theory of capital structure is developed and tested in baker and wurgler ( 2002 ). their research result document that market timing affects capital structure in the short run, but also the effects on capital structure are very persistent, so they suggest that capital structure is the cumulative outcome of past attempts to time the equity market. it ’ s a new capital structure theory different from the tradeoff theory and the pecking order theory
Baker 、 wurgler （ 2002 ）提出了資本結構的市場時機選擇理論，其研究發現市場時機選擇不僅對資本結構存在著短期影響，而且還有很強的持久性影響，因此他們認為資本結構是公司過去進行權益市場時機選擇努力累積的結果，這是有別于權衡理論與優序融資理論的一個新的資本結構理論。 -
The results of my analysis show that managers of china ' s listing companies do not follow the pecking order
檢驗的結果是：中國上市公司的管理者並不遵循優序融資理論，存在權益融資偏好傾向。 -
With the arrivals of ballack and mikel at the club, duff has slowly been falling down the pecking order, something which must be very frustrating for the player
隨?茼憐?萱m波歷克的到來，杜夫慢慢地陷入被逐的境地，很多事情都讓這位球員感到灰心 -
China is in the development process of socialistic market economy and capital market, and the financial environment, the equity structures and the actual pecking - order are quite different from other developed countries. some particular phenomena exist in china corporate investing - financing decisions, and therefore, there may be some practical obstacles in the perfect applications of some standard financial theories in china corporate finance preference, investment decision and the capital structure optimization
中國正處于社會主義市場經濟體制逐步完善和資本市場快速發展過程中，中國上市公司的融資環境、股權結構和實際融資順序與國外成熟市場存在巨大的差別，公司的投融資聯動決策存在其特有的現象，因此用標準金融的相關理論來研究中國企業的融資偏好和投資問題，指導中國企業的投資、融資和資本結構優化存在著一定的現實障礙。
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