private capital formation 中文意思是什麼
private capital formation
解釋
私人資本構成-
In present dissertation, most stirpses are repartitioned and redefined, and the structure characteristic, course of formation, cause of formation, function and risk of stirpses are analyzed. the main conclusions are : [ 1 ] rapid development of corporations engenders urgent demand of financing, conflict between capital market imperfection and demand of financing leads corporations to control listed corporations by purchasing " shell " and enhance it ' s financing capability ; [ 2 ] two kinds of pricing institution of stock provides stirpses for controlling listed corporations by low cost, monitoring institution imperfections provides corporations for operating listed corporations. adjust of national assets provides more " shells " ; [ 3 ] more private corporations purchase listed corporations, some of them form stirpses ; [ 4 ] stirpses have positive influence about adjusting industry and enhancing capital market financing function ; [ 5 ] stirpses magnify financial risk by controlling listed corporations, and transform listed corporations from shareholders benefit to block shareholder benefit, having tendency of infracting shareholders benefit
本文主要的結論： [ 1 ]中國企業的迅速發展對融資有迫切的要求，中國國內資本市場發展不完善與這種強烈的融資需求的沖突導致了企業尋求通過買「殼」的方式控制上市公司，以此來提高自身的融資能力； [ 2 ]中國上市公司股票的兩種定價機制為「系」低成本控制上市公司提供了可能，監管機制的不完善為「系」提供了操縱上市公司的空間，國有資產在調整過程中從部分競爭行業退出，為資本市場提供了一定數量的「殼」資源； [ 3 ]民營企業紛紛買「殼」上市，在這個過程中，部分實力突出的企業形成了「系」 ； [ 4 ] 「系」現象對進行行業整合、提高資本市場融資能力等方面起到了積極的作用； [ 5 ] 「系」通過對上市公司進行的操縱放大了金融風險，將上市公司的股東利益最大化變為大股東利益最大化，存在著侵害小股東利益的潛在傾向。 -
Firstly, the author suggests that bank privatization is the privatization of the whole banking system, including the introduction of the strategic investors to the commercial banks, the formation of the joint - equity banks with the investment of state - owned capital and private capital and the banks all invested by private capital. secondly, the author reviews the definition of the financial safety
首先界定本文所探討的銀行民營化是整個銀行體系的民營化，即在銀行體系中引入民間資本和海外資本，包括國有銀行引進戰略投資者、國有資本和私人資本共同注資設立股份制銀行以及全部由民間資本投資設立的銀行。 -
Frist, this paper uses unit root test and cointegration techniques to study the correlations between chinese pulic capital and private capital formation, production efficiency and economic growth under the total production function by examining the sample from1978 to 2003
本文第一個工作是在總量生產函數的框架下，以1978 - 2003年為樣本期，運用單位根檢驗和協整分析方法研究了中國公共資本和私人資本形成、產出效率與經濟增長之間的相關性。
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