profit rate on capital 中文意思是什麼
profit rate on capital
解釋
資金利潤率-
This paper concludes that an indicator system based on eva, and assisted with mva, balance scorecard and eva driving factors can fulfill the required function ; 3. through discounter cash flow model, this paper decomposes key financial driving factors, which are competitive advantage period, the difference between the rate of profit and weighted average cost of capital, profit growth rate and the scale of invested capital ; 4. this paper concludes that the appropriate selection of financial management target, the establishment of financial appraisal model and financial performance indicator system, the decomposition of driving factors compose a complete framework to guide the enterprise in the process of striving for the sustainable growth
本文分解得出企業價值增長的關鍵財務驅動因素- -收益增長年限、回報率差、收益增長率以及資本規模，它們全面摘要涵蓋了企業戰略、籌資、經營、稅收、收益分配以及投資等各方面的活動: 4 .本文認為財務管理目標的恰當選取，財務評估模型和財務評價指標體系的構建以及驅動因素的分解，能夠有效地指導企業在追求持續增長過程中目標制定、目標執行以及評估反饋等各個層面的需求，並使得企業在實踐中能夠有效地進行戰略規劃和財務運作。 -
The model of this paper explores the links between the following factors and the credit rationing in china. the change of banks " attitude to credit risk may lead to credit rationing ; banks give much more emphasis on the trade cost and the payable value of collateral, which may give rise to credit rationing ; the decreasing of asset price during economic stagnation produces credit rationing ; the bias of banks " objective function from the maximization of profit and the transformation of the function relating to the reform of the financial system cause credit rationing ; if different parts of the whole markets are not integrated, the credit in the part with low capital return ratio will be rationed. during economic recession, banks tend to ration the credit in the high - risk market ; the removing of interest ceiling will narrow down the interest spread of deposit and credit at least during a period, which may strengthen credit rationing ; meanwhile, the vulnerable borrowers, including small and middle - sized enterprises, will get more credit from banks even though they have to pay a higher interest rate
論文的模型探討了下列因素和中國信貸配給現象之間的聯系：商業銀行對信貸風險的態度變化，在辨別和控制信貸風險上開始投入大量的成本，這一過程會導致信貸配給；商業銀行對與法治環境相關的交易成本和抵押品清償價值的日漸關注會導致信貸配給；宏觀經濟緊縮時期資產價格下降會導致信貸配給；商業銀行經營目標函數偏離利潤最大化，近幾年金融業改革過程使商業銀行目標函數發生變化，這一變化過程可能導致信貸配給；在市場分化的條件下，收益水平低的市場會遭受信貸配給；在經濟下滑時期，商業銀行尤其會對高風險市場配給信貸；利率市場化使商業銀行的存貸利差至少在一段時間內縮窄，利差縮窄可能加重信貸配給的程度：在利率市場化條件下，弱勢借款者，包括中小企業，遭受信貸配給的程度可能得到緩解，但支付的貸款利率水平將會升高。 -
Recently, zhaojibinhas stated that, “ in 2007 china railcom will mainly evaluate its various branches on their rate of return on capital, profit margin, labor productivity and utilization of equipments with the goal to ensure the value and increasing in value of national assets
近日，趙吉斌表示， 「中國鐵通2007年對各分公司的考核重點將突出資產收益率、收入利潤率、勞動生產率和設備利用率，下大力氣確保國有資產的保值、增值。 」 -
In the condition of perfect capital market, firm s average net cost is a definite quanity. namely, power and profit net cost of no liability firm. it is no relation to capital structure. but power and profit net cost of liability firm shareholder is added with liability rate improved. so firm value is no relation to capital structure ; firm value depends only on firm ' s future surplus. the more future surplus is, the more firm ' value is ; the less future surplus is, the less firm ' s value is
在完善的資本市場條件下，企業的平均成本是一個定量，即為：無負債企業股東權益成本，從而與資本結構無關，負債企業股東的權益成本，則是隨負債率的提高而上升。因此，企業價值與資本結構無關。企業價值只取決于企業未來的盈餘，未來的盈餘多，則企業的價值大，未來的盈餘少，則企業的價值小。 -
The internal and external elements are chosen according to announced information such as the booklets of directions to reuse capital by floating shares. by the delicate mathematic means, an analysis of the main constructure of new - stock - issue prices and the eighteen factors, new - stock - initial - return and the twenty - five factors, an analysis of the single factor and the testing of the verhemence, an analysis of various factors by frequent regression are performed in order to donate notable testing models and reveal the relations of new - stock - issue - price and company scope, profit power, the rate of new - stock - initial - return, that of on - market - change - hand rate and that of winning
藉助嚴密的數學方法，通過對新股發行價與18個因素、新股初始收益率與25個因素的主成分分析、單因素分析、相關性檢驗和採用逐步回歸法進行的多因素分析，擬合出顯著的檢驗模型，揭示了新股發行價與公司規模、盈利能力等諸多因素以及新股初始收益率與上市首日換手率、中簽率等諸多因素之間的關系。 -
Based on analysis of the overall conditions and changes of capital structure of listed companies, following conclusions are made : capital structure of listed companies has been greatly improved compared with before their listing and those unlisted ones. 1. the rate of liabilities / capital decreases a lot due to broadening of capital source. 2 net capital profit rate and average profit rate, the two indexes of capital utilization, have been improved to some degree
目前國有上市公司與其改制前及國有非上市企業相比資本結構得到很大程度的改善：資本來源渠道大大拓寬，資產負債率大大降低；反映資本使用效率的兩個指標，即凈資產收益率和平均銷售利潤率，都不同程度的得到改善；利潤分配形式靈活多樣。 -
The phenomenon has profound implications on the choice of exchange rate regimes, particularly for jurisdictions with open and liquid financial markets, which are big enough to attract the ever - increasing number of market participants capable of mobilising substantial international capital and looking for short - term profit opportunities
這種現象對各經濟體系，特別是具備開放及流動性高的金融市場的地方，在選擇匯率制度方面有很大影響。這些市場往往吸引不計其數的投資者，他們可以調動大的國際資本，不斷尋求短期的盈利機會。
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