state equity 中文意思是什麼

state equity 解釋
國有產權
  • state : n 1 〈常作 S 〉國，國家；〈通例作 S 〉（美國、澳洲的）州；〈the States〉 美國。2 國務，政權，政府...
  • equity : n 1 公平，公正。2 【法律】衡平法〈指補充成文法或普通法的公平原則，必要時以糾正用法不公〉；衡平法...
  1. From the 1980s to the acquisition of loss - making state - owned small and medium - sized enterprises to turn to the acquisition of better effectiveness of the state - owned backbone enterprise ; investment in equity participation has become a main holding

    從80年代以收購虧損的國有中小型企業轉向了收購國有效益較好的骨幹企業；投資方式也于參股變成了以控股為主。
  2. An state - space model measuring customer equity

    客戶資產度量的狀態空間模型
  3. Chapter two, introduce the problems lies in the distribute of equity resource in the issuing market : problems of distribution inside the trade and among the trades, reorganization of listed companies, affection of issuing price to the distribution of equity resource, problems lies in the distribute of equity resource in the circulating market, use of the equity resource of listed company, analysis of distribute of equity resource in the stock market of china, state - owned economics administration system and regulation of stock market

    第二章，介紹股票?級市場股本資源配置中的問題：行業內配置的問題、行業間配置的問題、上市公司的重組方式問題、發行定價對股本資源配置的影響；股票二級市場股本資源配置中的問題：配股資源配置的問題、上市公司股本資源使用的問題；中國股票市場股本資源配置的總體效應和原因分析：國有經濟管理體制因素、股票市場管理規則因素。
  4. Due to the special equity structure in china, company governance does n ' t pay attention to protect the investors, so the empirical results show as follows : ( l ) it exists the negative relation between the proportion of state - owned stocks and corporate performance ; it does n ' t exists the remarkable relation between the proportion of circulation stocks and corporate performance ; the function of corporation in company governance depends on its owned stocks. ( 2 ) the performance of equity - scattered company is superior to that of equity - gathered company, the performance of corporation - gathered company is superior to that of state company. ( 3 ) in the protective industries, the degree of equity d oes n ' t influence the performance, state - owned stocks play a leading role, there is a negative relation between the proportion of its stocks and croa, but there is n ' t a remarkable negative relation between the proportion of its stocks and roe ; in non - protective industries, the performance of equity - scattered company is superior to that of equity - gathered company, and the proportion of corporation stocks rise, the influence of proportion on corporate performance depends on its owned stocks. finally, it gives some reasonable suggestions and discusses the limits of research

    由於在我國特殊的股權結構下，公司治理對投資者缺乏保護，實證結果表現為： （ 1 ）國家股股東持股比例與公司績效存在負向關系；流通股股東持股比例與公司績效之間不存在顯著的關系；法人股股東在公司治理中的作用依持股水平而定； （ 2 ）股權分散公司的績效優于股權集中公司，法人集中公司的績效優于國有集中公司； （ 3 ）在保護性行業，股權集中程度對績效的影響不顯著，國家股佔主導地位，其持股比例與績效指標croa存在負向關系，與績效指標roe存在不顯著負向關系；在非保護性行業，股權分散公司的績效優于股權集中公司，法人股比例上升，其持股比例對公司績效的影響依持股水平而定。最後，提出相應的政策建議並討論了研究的局限性。
  5. According to the suggestions on some issues concerning the implementation of debt - to - equity swap approved by the state council, the state economic and trade commission ( setc ), together with the economic and trade commissions in all provinces and related departments, has conducted thorough investigation and research, guided enterprises to develop debt - to - equity swap schemes to transform internal operation mechanism step by step while urging enterprises to reduce the debt burden

    按照國務院批準的《關于實施債權轉股權若干問題的意見》 ，國家經貿委和各地經貿委、各有關部門一起，深入調查研究，指導企業制定債轉股方案，促使企業在減輕債務負擔的同時，切實轉換內部經營機制。
  6. Game analysis on debt - to - equity swamp of state - owned enterprise

    國有企業債轉股的博弈分析
  7. Studies on debt - to - equity project of state - owned enterprises

    煤炭企業債轉股中的綜合治理問題
  8. Analysis on the present situation and features of the debt - to - equity in state - owned enterprises

    國有企業債轉股現狀與特徵評析
  9. 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。
  10. We should disperse the state - owned enterprise equity, make the state - owned equity shared by some state - owned asset agents and construct reasonable equity structures

    具體操作上應讓國有股權分散化，即把國有股配置給多個國有資產代理人，構造合理的股權結構。
  11. Article 8 an equity joint venture shall, on the strength of its business licence, open a foreign exchange account with a bank or and other financial institution which is permitted by the state agency for foreign exchange control to handle foreign exchange transactions

    第八條合營企業應憑營業執照在國家外匯管理機關允許經營外匯業務的銀行或其他金融機構開立外匯帳戶。
  12. The result shows that the proportion of state - owned shares has positive effect on the operating performance, the scale of enterprises has negative effect on the operating performance, rate of return on common stockholders ' equity and earnings per share are highly positively related to senior managers ' pay, senior managers ' annual pay is not significantly positively related to the operating performance and scale of enterprises, and its relationship to the proportion of state - owned shares is not clearly negative

    結果表明：國有股比例與經營業績呈現正方向影響，企業規模與經營業績呈現負方向影響，凈資產收益率和每股收益均與高管報酬呈現高度正相關，高管年度報酬與企業經營業績、企業規模並不存在顯著的正相關關系，與國有股比例的負相關程度也不顯著。
  13. Moreover, this paper discusses the feasibility of option pricing theory by adopting cases. on the one hand, it admits this method plays a key role in the realization of " debt - in - lieu - of - equity " of state - owned enterprises and appraising the value of potential earning - capacity ; on the other hand, it illustrates the application of option pricing theory in appraisal is still immature. for it can not meet the prerequisite of the theory ; its result will not be generally accepted and the quality of appraisal staff are relatively lower, this method is not applicable to business valuation aiming at equity alteration. thus it should not be regarded as a brand - new appraisal method to be promot ed in the short run. in the finial the thesis forms its conclusion on method application of superseding cost method gradually. generalizing the use of income method and developing the sense of using option pricing method

    由於成本法所固有的局限性，無法評估出資產組配成具有獲利能力的整體資產的創造性價值，因此注重企業獲利能力的收益法已成為轉軌時期中國評估業的現實選擇，並進一步對收益法的起源、方法特點和適用性進行了深入的分析；運用理性分析與案例分析相結合的方法對收益法發展的新階段? ?期權定價法應用於企業價值評估的可行性進行了研究，肯定了這一方法對國企實現「債轉股」和評估高新技術企業潛在獲利能力價值的重大意義，同時對此方法應用於企業價值評估不滿足前提條件、評估結果的可接受性、及評估人員素質等方面說明了這一方法在資產評估領域的應用尚不成熟，尤其不適用於產權變動為目的的企業價值評估，因而短期內不宜作為一種全新的評估方法推廣。
  14. By throwing penetrating light on the root of risks, we may conclude briefly that they are : the problems of the state - owned property ; the " over - supply " and " insufficient - supply " by the government coexist ; the absence of advanced capital market concluding above researches, we may get down to the main context of risks eluding as such : exploring the deep root of risks in order to depress the stimulation for the opportunism of the market participants. the basic ways would be that : to deal with effectively the deficiencies which the stock shares in the operation of debt - in - lieu - equity inflict upon the administration capability, to optimize the corporation governance - structure in the state - owned enterprises should be the core measures in the risks shunning operation

    尤其在審批者缺乏有效的鑒別手段，且自身存在較強的道德風險的倩況下，國有企業具有更大的逆向選擇酮；隴在著逆向示範風險：一方面債轉股按帳面價值轉移國有椅業銀行的不良資產，對其既往不咎，容易導致商業銀行的道德風險；另一方面，在我國特定的制度背景下，所有的國有企業都將債轉股視作一項優惠政策，而這種「優惠」又往往是為「壞」企業設置的，這對非轉股的好企業就會形成逆向激勵，從而選擇拖欠本息、鬆懈管理。
  15. Secondly, in the current structure of soes, the state equity and other stakeholders " equities cannot be protected and efficiency is very bad. if stakeholder structure is used, all these problems may be solved. thirdly, these problems may be solved by right finance policy

    第三，國有企業的高負債融資結構、低股利政策、資本市場及各項市場法規不健全既是國有企業本身結構缺陷造成的結果，又是其原因，因此，制定適宜的財務政策、加強財務監管既能敝利益相關者的利益，又能確保企業價值最大化的實現。
  16. Secondly, after analyzing the development of basle accord, the outcome was that : the supervision of capital adequacy was taken seriously in the world banking industry, it is undertaking with the effective internal control mechanism and the perfect supervisory system so as to safeguard banks from risks. thirdly, after the analysis of history, problems and reasons of capital adequacy to the state - owned commercial banks, there came ' the conclusion : the capital inadequacy of the state - owned commercial banks resulted from bad loans directly, and the key reason in depth was equity institution. lastly, there was advice for the improvement of supervision of capital adequacy to the state - owned commercial banks : there were two ways to raise the capital adequacy ratio

    首先，鑒定銀行資本的內涵和資本充足性管制的重要性；其次，通過分析巴塞爾協議的演進，得到啟示：當今國際銀行業強調資本充足率管制，並配以有效的內部控制機制和完善的監管系統來防範金融風險；再次，分析國有商業銀行資本充足性管制的歷史、存在問題及原因，得出結論：國有商業銀行資本充足率不足的直接因素是不良資產，深層次的因素是產權制度；最後，對完善國有商業銀行資本充足性管制提出幾點建議：提高資本充足率除了增加分子、降低分母外，還要改革產權制度，建立有效的內部控制機制，加強風險防範，建立完整的信用評級系統。
  17. We must readjust the whole thinking on the reform of the state - owned enterprises and set up the modem enterprise system by reforming the property right, depending on the capita ] market, seeking for the refreshment of system. after that, the equity finance of chinese listing companies has made great progress

    90年代初，一批優秀的改革家和理論家清楚地看到： 「政資不分」是「政企不分」的根源所在，必須調整國有企業改革的總思路，從產權改革，依託資本市場，尋求制度創新入手，建立現代企業制度。
  18. And technology itself, in the understandably confused state of revolution, is awfully difficult to price in financial markets, particularly when the highly uncertain nature of future earnings in respect of technologically intensive companies has to be taken into account, typically in the equity market, not to mention derivatives thereof

    處身於科技革命的混亂局面，科技本身實在很難可以在金融市場中定價，尤其就股市而言，科技密集型公司的盈利前景一般都存在極大的不明朗因素，當中的難度已可想見，更遑論要為科技衍生工具定價或推算盈利。
  19. According to our country present situation of listed company governance, i propose that securities market introduces the institutional investor actively, the institutional investor make up the space of reduction of state - owned stocks, and thus it can optimize equity structure of the listed company. i advance institutional investors - oriented mode. it promotes the development of shareholding system economy further

    根據我國上市公司治理的現狀， 「一股獨大」下的「內部人控制」問題，提出積極引入機構投資者，彌補國有股減持退出的空間，從而優化上市公司的股權結構；並提出機構投資者主導模式的設想，將進一步推動股份制經濟的發展。
  20. Application of fair value in the transfer of state - owned enterprise equity

    公允價值在國有股權轉讓定價中的應用
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