息票部 的英文怎麼說
中文拼音 [xīpiàobù]
息票部
英文
coupon department-
With the rapid development of the security stock market especially the stock market in chian , issuing stock and circulating on market became the first choice of financing for more and more enterprise at the same time , more and more investors are attracted by the relately high initial return of stock however , the problem of ipos underpricing always exists in the stock market according to the data of more than one thousand chinese stocks , most new issues had great raise in the first trade day , and investors could acquire higher initial return than the average return of the stock market or the same industry we find that initial returns on a - share ipos average reached 132. 24 percent the main body of this paper is made up of six sections : in the first part , we introduced the method of the estimate of pricing decision ; in the second part , we analyzed the method of the pricing decision and issuing system in china , discussed the advantage and weakness of the various issuing methods , and compared the economic efficiency between the examine and approve system and authorization system ; in the third part , we analyzed the reason of ipo ' s underpricing in detail from information economics and other factors and combined with the environment of the chinese stock markets , we analyzed the special characteristics in china and how they effect the ipo ' s underpricing in the fourth part , we analyzed the data of chinese stock market with spss , made a analysis of the administrative pricing decision and market pricing decision , studied the underpricing phenomena of chinese stock market , and analyzed it ' s causes ; in the fifth part , we made a analysis of the examine approve system and authorization system ; and in the last part , we drew some conclusions and put forth some policy advices the follow are the conclusions and policy advices in this dissertation : ( 1 ) from the results of this empirical study , we found that the issuing price - earning ratio and the market situation before ipos are strongly and positively associated with the underpricing of shares , the issuing scale of ipo and the hit rate are strongly and negatively associated with the underpricing ; ( 2 ) we found that after the abolishing of ipo ' s p / e ratio and the using of authorization system , there is no significant difference among the underpricing of shares , but considered with the market entironment , we think that the ipo ' s underpricing has been correspondingly reduced ( 3 ) to reduce difference between the primary market and the second market , we suggested that we shall bring the " over - allotment option ( oao ) " to bear and resume the state - owned share and corporate - owned share to circulate on market as soon possible
本文的主體由六個部分組成:第一部分介紹新股發行定價的估值方法;第二部分對我國的發行定價方式和發行制度進行分析,探討不同發行定價方式的優缺點,以及審批制和核準制經濟效率分析;第三部分從信息經濟學角度和其他因素的角度詳細分析造成新股發行抑價的原因,並結合我國股票市場實際情況,分析了我國市場的特有因素是否及如何影響一級市場的發行抑價程度的;第四部分利用統計分析軟體spss對我國新股行政化和市場化定價進行實證分析,主要包括新股發行行政化和市場化定價方式的實施情況和效果分析、新股發行行政化定價方式的實證分析,以及新股發行行政化和市場化定價方式的比較實證分析;第五部分利用統計分析軟體spss對我國新股發行審批制和核準制進行實證分析;第六部分是本論文的主要結論。本文的主要結論和建議有: ( 1 )從實證分析結果看,我國新股發行抑價與市場環境、發行市盈率呈顯著正向關系,與發行規模、申購中簽率等呈顯著反向關系。 ( 2 )取消發行市盈率限制和實施核準制等市場化改革措施並沒有降低發行抑價的絕對水平,只是由於市場環境的因素,發行抑價的相對水平才有所降低。Research of this paper opens out enclosing the subject that m & as and reconstruction of public companies can help to realize resource collocating of securities market, advance quality of public companies, and promote the optimization of structure and function of stated - owned economy. the paper researches how to change the financial and speculative reconstruction at present to the strategic and material reconstruction aftertime. firstly, the author proves the feasibility of m & as and reconstruction that conduces to advance management efficiency of companies and efficiency of securities market in theory, and emphasizes on some conceptions which have certain differences between westward m & as and reconstruction market and ours
西方的並購重組理論為我們提供了一定的思考的角度,其中比較有代表性的有效率理論,從管理、經營、財務的協同效應和多元化經營、戰略重組等方面解釋了並購重組對改善企業經營管理的可能性;代理問題理論,把並購重組作為解決企業委託代理問題的一個外部機制,即當由於公司管理層的無效率或代理問題而導致公司經營管理業績不佳的時候,公司就可能面臨著被收購的威脅;信息與信號理論,認為並購重組信息向市場傳遞了有關公司管理、股票價值、資本結構等方面的信息,從而引起公司的市場價值被重新評估,導致股價波動。In the important information, chinese hand - written commercial character is one main kind
在票據的重要信息中,用漢字書寫的金額是其中很重要的一部分。Public transport passenger information - part 7 : information for the sale of tickets from ticket machines in conversation mode ; formation and layout of information displays
公共客運信息.第7部分:對話式售票機出售車票的信息They can also be built to exchange structured information, such as purchase orders and invoices, and can be used to automate and connect internal and external business processes
它們還可用於交換結構化信息(如采購訂單和發票)以及用於自動化和連接內部與外部業務流程。The “ golden tax project ”, depending on information technology and emphasizes value - added tax invoice, was put in practice in 1995. and the newly revised edition of invoice will be gradually popularized in the whole nation, first beginning from the city of beijing in 2003
1995年開始實施的以信息技術為手段、以增值稅發票為重點的「金稅工程」和2003年起以北京市為起點逐漸在全國范圍全面展開的新版普通發票改革,是稅收征管信息化建投的重要組成部分。In this thesis, the efficiency of stock market is defined as two aspects : information efficiency and function efficiency. efficient market hypothesis ( emh ) has studied the relationship between stock price and information in stock market
本文將股票市場的效率界定為兩個方面,即市場有效定價(外部有效)的信息效率和市場有效運行(內部有效)的功能效率。Stock markets also proliferated in different countries, in part because shares entitle their holders to repayment in local.
股票市場在各國也得到了迅速發展,部分原因是股票使其持有人有權獲得以本國貨幣償付的股息。Through interview and investigation to the audiences and the principles from 6 volleyball clubs in 2005 - 2006 national league matches ’ season, the results indicate that most of the clubs don ’ t have a unified criterion in ticket layout designing. since the advertisement is usually combined with the ticket, it is not convenient for the consumers to get the relative information ; most of the clubs grade the tickets, but the price is usually above audiences ’ expectation which generally is concentrated in 20bmb and 30 ? 50 rmb ; the booking channel is not sufficiently unobstructed in some degree, and 37. 29 % of the interviewed audiences felt inconvenient, 3. 32 % met difficulty buying the ticket. those who consider convenient account for 59. 39 % ; advertisement is taken by most of the clubs as the common promotion strategy, while another promotion way that is to utilize public relation doesn ’ t get enough recognition ; most of the clubs don ’ t launch any market investigation before they make ticket marketing strategy and what ’ s more 4ps strategy unit lacks scientific theoretical basis
通過對2005 - 2006賽季全國排球聯賽6個排球俱樂部的門票經營負責人員和現場觀眾進行訪問、調查,結果表明:大部分俱樂部的門票版面設計不科學、不合理,缺乏統一的標準,門票和廣告多為聯體型,消費者不易從中獲取信息;大部分俱樂部都制定了不同檔次的門票,門票定價不盡合理,有些偏高,現場觀眾願意接受的全國排球聯賽門票價格集中在20元左右;售票渠道還不夠通暢,在購買門票時仍有37 . 29 %的消費者感到不方便,有3 . 32 %的消費者感到非常難,感到購買門票方便的消費者佔59 . 39 % ;在選擇門票促銷方式時,廣告已經成為大多數俱樂部普遍採用的促銷方式,利用公共關系進行促銷還沒有得到各俱樂部的足夠重視;大部分俱樂部在制定門票市場營銷策略時都沒有經過市場調研, 4ps策略還缺乏科學的理論指導。The increase due to the additional issue referred to in paragraph 11 above was partly offset by valuation effects due to a firming up of interest rates
。新增發外匯基金票據和債券的數量見上文第11段,因息率上升造成市值變動而被局部抵銷。The increase due to the additional issue ( referred to in paragraph 11 above ) was partly offset by valuation effects due to a firming up of interest rates
。新增發外匯基金票據和債券的數量(見上文第11段) ,因息率上升造成市值變動而被局部抵銷。A substantial portion of the interest expenses associated with the notes could not be capitalized because most of the notes proceeds had not yet been employed as capital expenditure during the period
由於大部份的票據款項尚未用於資本開支上,故有關之利息開支不能資本化處理,因此,報告年度內股東應占純利下降25 %至1 . 66億港元。This means that business firms, or entire industries, can describe all of their invoices, accounts payable, payroll records, and financial information using a web - compatible markup language
這意味著商業公司,或整個行業,全部能使用與網路兼容的置標語言通過發票、可支付帳戶、薪資記錄和財政信息來描述。Study suggests the main constraints of management buy - out : it ' s groundless to fix a price, the information published not confirm with regular standard, purchase procedure is not transparent, purchase action is not with market law, and also policy restriction. consequently, the paper put forward solutions to improve management buy - out : 1 ) the policy to evade the inside risk : the main way is to select suitable enterprises to develop management buy - out ; 2 ) to ensure the transparent and the market standard of the purchase procedure : the main point is to guarantee the justification of the purchase price, to strengthen the transparent of the information announcement ; 3 ) to consummate the mechanism of supervise government : which the work should be done in the supervise department of government ; 4 ) to emancipate the mind, decrease the government action in the enterprises purchasing ; 5 ) to care for the latter developing of the mbo, the purpose of mbo is to pursue the biggest profit of the enterprise ; 6 ) to consummate the environment of circulating necessary funds ; 7 ) to solve the funds and taxes problems of mbo, this is a better way to solve the problems of mbo
一是管理層收購定價方面的法律依據不足:二是信息披露不夠規范,現階段運作或已完成的mbo案例在進行信息披露時尤其是披露其資金來源時多諱莫如深,令投資者對其資金來源皆產生懷疑;三是收購程序不透明,歸根到底也是法律方面的不足,缺乏相關的公正的運作程序和政策保障;四是收購行為非市場化,我國的管理層收購結束之後往往僅僅是相對控股,股票繼續交易,所有者與經營者分離的問題並沒有從根本上得到解決,所有權與經營權相統一的目標沒有達到,這就可能造成大股東也就是內部人侵吞中小股東利益將更為便捷;五是融資渠道潰乏,主要是國家政策和法律的障礙限制了mbo的融資渠道;六是服務市場不夠發達,主要是中介市場缺乏高素質的專業人才,無法滿足客戶進行mbo的需要,從而限制了mbo在中國的運行;七是政策限制,主要對合法的收購主體的限制、收購規模的限制、收購時點的限制以及收購資金來源的限制。Theory. eso has relatively and effectively solved the problem information asymmetry within enterprises. it encourages the long - term pay of managers and stockholders " interests remain as uniform as possible, therefore, the short - term behaviour and moral risk of the managers could be avoided
股票期權( eso )相對有效地解決了企業內部「信息不對稱」問題,盡可能地激勵經理人的長期報酬與股東利益保持一致,從而避免經理人的「短期行為」與「道德風險」 。This method is efficient to simplify bill category and sub - divide bill content, it also can strengthen system reliability during operating transaction. this information management solves many technology problems by using the procedure optimizing
本文研製的管理信息系統,解決了票據管理業務中許多技術難點,因其設計起點高,通用性強,適合各級財政票據部門使用。With the bill management lever, firstly we need to construct the network, secondly develop bill system function, then the bill management information is achieved fully. there are five levers in the bill management department
針對目前票據業務的管理水平,提出了先建設各級票據管理部門網路體系,再研製票據業務功能設計的研究方向,從而全面實現遼寧省票據管理信息化。. . unfavorable information about the company
. . .的內部消息而大量拋售公司股票Financial affairs management, contract and invoice management, purchase management, vendition management, merchandise checking, interior checking, interior capital management report forms system and multi - dimension information analysis report forms system are included in financial affairs management system
財務管理子系統包括財務業務處理、合同發票核算、采購管理、銷售管理、存貨核算、內部核算、內部資金管理報表系統、多維信息分析報表等。To become a pen pal, simply send a self - addressed stamped envelope, or, if you live outside of the united states, send a self - addressed envelope with an international response coupon to the club ' s address, being sure to write " pen pal " on the outer envelope
要成為一個筆友,只要寄來一個寫有自己地址、貼好郵票的信封,或者,如果你居住在美國境外,就給俱樂部地址寄來一個附有一張國際通用息票、寫有自己地址的信封,一定要在外信封上註明「筆友」字樣。分享友人