推定股利 的英文怎麼說
中文拼音 [tuīdìnggǔlì]
推定股利
英文
constructive dividends-
We sixth, namely last the responsibility, is responsible for the shareholder, the company certainly must make a profit the growth, must breed the reserve fund, must conduct the research, the development has the risk spirit the plan, pays the wrong price, must prepare in advance for the adverse circumstance, pays the suitable tax money, purchases the new machine, the building new workshop, promotes the new product development new sale plan, we must test the new conception, we after this all responsibilities, the shareholder should obtain the fair return rate, we were determined under the mercy god assistance, we biggest strength completes these duties
我們的第六個即最後一個責任，是對股東負責，公司一定要獲利成長必須孳生準備金必須進行研究，開發有冒險精神的方案，支付錯的代價，必須為逆境預作準備，支付適當的稅款，購買新機器，建築新廠房，推出新產品開發新的銷售計劃，我們必須實驗新的構想，我們盡到這一切責任后，股東應該得到公平的報酬率，我們決心在慈悲的上帝協助下，盡我們最大的力量完成這些義務。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。This paper also presents the methods of controlling unstressed length of cable, pre - displacement of saddle, anchor span tension, erection of wire strands, the fixed position for erecting cable band and cable length. determination and control approach of displacement of saddles during cable erection are also introduced. at the same time, the change course of linetype during construction period for suspension bridge is analyzed
再次，介紹了懸索橋的施工控制內容與方法，利用軟體sgkz2000對多座懸索橋進行了施工計算，提出本文關于懸索橋的主纜無應力長度控制、索鞍預偏量控制、錨跨張力控制、絲股架設控制、索夾安裝位置與吊索長度控制的方法；介紹了吊梁階段鞍座頂推量的確定與控制方法，分析了施工階段懸索橋的線形變化過程。There have been several sections during the experiences of the state - owned enterprises " reformation in the past tens of years, such as extending the right of the management, promoting the economic duty regulations, tax changed from benefit, sharing system and so on. some of them did work to some extent during those years. but many state - owned enterprises still could not succeed
十幾年來，對國有企業改革的探索，經歷了擴大企業自主權、推行經濟責任制、利改稅、股份制等階段，積累了一定經驗，也取得了不少成就，但是值得深思的是，許多國有企業並沒有因此而步入良性發展的軌道。The third part discusses several accounting problems of asset reorganization. it includes merger and acquisition ' s accounting process, purchasing date determination and profit determination after purchasing date, goodwill determination in merger, price difference in merger of controlling interests, the use of push - down accounting, the several accounting problems of asset divestiture, the several accounting problems of asset exchange and fair value in asset reorganization
其中涉及了企業購並會計處理方法的選擇、關于購買日的確定及購買日留存利潤的確定、關于購並中商譽的確定、關于控股合併下合併價差的規定、關于購並中下推會計的運用、關于資產剝離相關會計問題分析、資產置換的若干會計問題分析、關于資產重組中的公允價值等八個相關會計問題。Based on the analysis of the current situation of the state medium - small - enterprise and the difficulties met during the stock reorganization of the high technology medium - small - enterprise, the article tries to provide possible solutions on the issues of definition of property rights, management of state assets, stock evaluation of commercial and non - commercial capital, disposal of enterprise debt and the use of land, and the settlement of retired people respectively. applying the modern theory of financial management, the article also gives its suggestion on the comprehensive evaluation on the companies during their stock reorganization and on the optimal allocation of capitals. according to the western experiences of developing high technology industries by venture investment and the prospect of the roles played by the forthcoming growth enterprise market, the article concludes that the sate medium - small high technology enterprises raising money from growth enterprise market through stock reorganization may be a shortcut for their development. a case of an " institute of automatization ", whose scheme was planned by the author for practice, is discussed throughout the paper
本文在對我國國有中小企業改革現狀的分析基礎上，針對我國國有中小高新技術企業的現狀及股份制改組過程中的難點，對產權界定、國有資產管理、經營性和非經營性資產的剝離、凈資產的折股、企業債務和土地使用權的處理、離退休人員的安置等等問題，分別提出了具體的解決辦法。運用現代財務管理理論，提出了股份制改組過程中的公司整體價值評價方法及最佳資本結構確定的方法。在分析國外利用風險投資機制發展高新技術產業的經驗及即將推出的二板市場相關內容基礎上，明確提出國有中小型高新技術企業通過股份制改組最終到二板市場上市融資是其快速發展的途徑。The deeming provisions will not impose any new tax and will not be invoked in respect of offshore profits, capital gains or dividend income, which are and will remain tax - exempt in hong kong
推定條文不會帶來任何新的稅務負擔，亦並非向海外利潤資本性收益或股息收入徵稅。這些收入現時均獲豁免繳稅，將來亦不會改變。I would like to make it clear that in putting forward these measures it is not our intention to interfere with market forces, nor is it our intention to broaden the powers of the government. rather, our aim is to consolidate hong kong s ability to manage its monetary affairs, so that we can counter manipulation of our markets and stabilise interest rates
我鄭重重申：我們推出這些措施，目的不是干預市場，也不是要擴大政府的權力，而是為了鞏固香港的金融防?能力，穩定香港的利率，以及對付造市?在股票期貨和貨幣市場中的雙邊操控。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。With fully investingation and research, this paper analyzed some prlblems based on the background of pipeline bureau of chinese petroleum gas and pipeline branch company of chinese petroleum gas stcok company. the main content include : expounded the stock company based on key business and remainnder enterprise with the real example ; sumed up the question betweenn listed company and the remainder enterprise ; aanalysed historical reason and realistic reason why the question exists with the method at last. the theory method and model frame adopted in this paper are not only suitable for the petrochina, but also have guide reference for the following reforms of large - scale, super - huge state - owned enterprises such as coal. water conservancy, electric powers, railways, civil aviations, etc
本文以中國石油天然氣管道局和中國石油天然氣股份公司管道分公司為背景，用實證分析的方法，在充分調研的基礎上闡明了基於核心業務的上市公司和存續企業的形成；歸納總結了上市公司和存續企業之間存在的問題；以系統分析方法為指導思想，運用邏輯推理的方法分析了問題存在的歷史原因和現實原因；面對具有中國特色的企業，既要保證改革的成功，提高企業的競爭能力，又要保證社會的穩定，在充分考慮國家、社會、投資主體、職工個人等多方利益的基礎上，提出用戰略聯盟的思想來指導二者之間的關聯交易；指出上市公司、存續企業和集團公司三方應從不同角度做出思想意識的轉變；最後用idefo方法對聯盟的運行進行結構功能設計。Underlying the assumption that the stock price accords with the model of the stock price fluctuating sources, by comprehensivily applying the stochasitic differential theory and no - arbitriagc thcory, this paper, under the conditions that the risk - free rate r is constant or ito stochasitic process, successively works out the option pricing about the stock price model with that the short - term profit function is piecewise lecture function arid that one with that the short - term profit function is possion jump process, derivats counterpart partial differential equation of option pricing. the outcome states : 1. when the short - term profit function is unusual flunctuating sources bring out a piecewise lecture function, this amendment on the lognormal distribution model does not improve the option price, because this partial differential equation of option pricing is the same one underlying the lognormal distribution model ( see equation 2. 14 )
本文基於股價符合波動源模型的假設，綜合運用隨機微分理論等數學原理和無套利理論等金融理論，依此對短期收益率函數為分段階梯函數和possion跳躍過程的股價波動源模型分別在無風險利率是常數和隨機過程的條件下作了期權定價，推導出了相應的期權定價偏微分方程，結果表明： 1 、由異常波動源帶來的短期收益率函數是分段階梯函數時，這種對股價對數正態分佈模型的修正不能改善期權價格，因為基於這種模型的期權定價偏微分方程與基於股價對數正態分佈模型的期權定價偏微分方程完全相同（見方程2 . 14 ） 。Being an important component of the state - owned economy and fiscal revenue, the collective enterprise needs appropriate property right reformation, namely the reformation of joint stock system. the dissertation aims to design a set of feasible models for the joint stock system reformation of chengdu hf storage & transport corporation, which is a subordinate collective enterprise of sichuan petroleum management bureau. with the implementation of the joint stock system reformation, the collective enterprise will transit from settlement - and welfare - oriented corporation to management - and benefit - oriented enterprise
本文以四川石油管理局下屬集體經濟企業? ?成都hf儲運公司為研究對象，為其設計了一套符合公司改革與發展要求的股份制改造模式，目的是通過推行股份制，建立現代企業制度，使集體經濟多種經營實體轉變為多元投資主體，實現集體經濟企業由安置型、福利型定位向經營型和效益型轉變，成為市場經濟下真正獨立、活躍的經營主體。This policy shows two - side effect, on one side, it controlled the investment risk in a strict scale which at the same time on the other side set a overwhelming barrier for insurance companies to access to more sources of profit - earnings. actually, when we study the fact of insurance industries in western developed countries, it ’ s a common way to invest with insurance capital into capital market. the investment features can be described as large scale of investment amount, high profit margin and broad channel of investment
為了增強保險企業盈利能力，活躍、發展資本市場，促進金融體制改革， 2004年國務院發布了《關于推進資本市場改革開放和穩定發展的若干意見》 ， 2005中國保監會與中國證監會聯合下發《關于保險機構投資者股票投資交易有關問題的通知》等規范性文件，從而從政策和法規上許可我國的保險資金直接投資于資本市場，為我國保險資金的運用揭開新篇章。4. after changing the short - term profit function to possion jump process, in the view of that the derivated partial differential equation of the option pricing which different from black - scholes partial differential equation still is that interest rate is constant ( 4. 2 ), the model which does not accord with the real market under the assumption. at last, we derivat a new model of option pricing whoso profit rate is possion jump process under stochastic interest rate ( 5. 13 ), this model not only changes the form of the short - term profit function of the stock price model and avaids the simplization of the profit rate function the unusual flunction sources bring about, but also relaxes the basis assumption of black - scholes option pricing model and makes that the partial differential equation builds the foundation which even approaches the actual market
4 、將短期收益率函數由確定函數修改為possion跳躍過程后，文[ 15 ]推導出的期權定價偏微分方程（見方程4 . 2 ）雖然推廣了black - scholes期權定價偏微分方程，但此時依舊假設利率是常數，這與實際生活中的不符，我們研究了一個隨機利率下短期收益率函數是possion跳躍過程的期權定價模型（見5 . 13 ） ，該模型既改變了股票價格波動源模型中短期收益率函數的形式，避免了異常波動源帶來的收益率函數的簡單化。We hold the 40 advanced italian arrow - shaft looms and a 180 printing and dyeing producing line, and we successfully developed the special fabric as followed : flame retardant, flameproof and heat - insulation series, anti - static series, oil resistance and water repellency series, acid and basic resistance series, radiation protection series, dustproof and soil release series, anti - bacteria and odor proof series, without formaldehyde and permanent press series, etc. the features and technical index of our products have reached or exceeded national standard, and that these all have been tested, authenticated and certificated by the national supervising and inspecting center for labour protection articles and shaanxi supervising and inspecting center for textiles quality
在經營常規面料的基礎上，努力致力於新產品的研發推廣和應用，公司以控股形式擁有義大利劍桿織布機40臺， 180印染加工生產線一條，現已開發出：阻燃防火隔熱系列抗靜電系列抗油拒水系列防酸堿系列防電磁波輻射系列防塵易去污系列抗菌防臭系列無甲醛免燙系列等。產品的性能指標均已達到或優于國家標準，並由國家勞動保護用品監督檢驗中心和陜西省紡織品質量監督檢驗中心測試鑒定認可。Start from the study of the development and current station of the investment and fund circulation of infrastructures in cities in china, the thesis analyses the problems of the unclear faction of the goverment and the narrow channal and single way of financing and the trade monopolizing in it and then, at the request of rules of development of socialist market economy, useing the categorised theories of the products and service and the public financial theories in economics, the thesis tries to classify the projects of infrastructures into profit projects, quasi - projects and non - projects on the standard of profitable degree. and it presents the thoughts and goals of the reform of the investment and fund circulation of infrastructures on the study of the co - relation of the projects. the thesis maintains that establishing the investment and fund circulation company is the way of realization of the government inventment, and enlarge the investment scale through all kinds of channels, and raise the profitable degree of projects by establishing risk compensatory fund. the thesis compares the cost of the different financing waies and discusses the feasibility and necessity to issue the fund of city construction
然後，按照社會主義市場經濟發展規律的要求，應用經濟學有關產品和服務的分類理論、有關公共財政的理論，以城建項目的可經營程度為標準，把城建項目分為難經營性項目、準經營性項目和經營性項目三類。研究了三類項目之間在特定條件下相互轉化的關系，在此基礎上提出了城建投資融資體制改革的推進思路和目標模式。主張設立城市基礎設施投資融資公司作為政府投資的實現形式，對不同類別的城建設施項目採取多元化投資融資方式，廣泛利用股票、債券市場、產業投資基金、資產證券化等方式，擴大城建設施投資融資規模，並重視利用外資和bot項目融資方式，以及通過設立投資風險補償基金，提高項目的可經營性程度。It ' s the common character of modern china race - capital company and was its outer cause of development. the thesis tracked, its management of producing and it ' s marketing, analyzed its marketing strategy : sell its products with high profits, basing on its good quality, with proper marketing strategy, in order to keep the shareholders benefit. producing capacity and marketing were the decisive courses
本文考察了中興煤礦的生產管理水平和市場經營情況，認為生產能力和市場戰略是中興煤礦發展壯大的決定性因素，前者是公司上規模、上檔次的決定力量，後者則如一根紅線把公司的生產、管理和經營連結起來：又著重分析了公司的市場戰略：以產品質量為依託，輔以適當的營銷策略，把中興煤焦高價推銷給消費者，以賺取高額利潤，維護（特權）股東的利益。For the unreasonable pricing pricipia of sosrh thus an unacceptable had been taken by the market, and therefore the pricing pricipia should be the major element within the sosrh applied structure. author argues that the net asset basis pricing method must be the proper way to solve such problems due to the unstable share price, such as the unregular add - value of net asset. and the net asset basis pricing method also could make an contribution to the full - run reform of state economic system
兩次試驗不浙江大學學位論文國有股減持模式及對我國證券市場和公司治理結構的影響被市場接受的共同點是國有股減持在定價原則上的不合理，由於國有股在資產評估和發行后的二次增值，已使每股凈資產存在較大幅度的溢價，因此以凈資產作為定價基礎是較為現實的做法，只有在減持價格上作一定讓步，才能順利、徹底地解決這一難題，我們應從推進市場化進程的長遠角度加以考慮，讓步不是妥協，是為了完成我國經濟體制改革的總體規化。With the foundation of low cost expand. as well as all of resource of zhong tong bus holdeig co., ltd. using the method of automobile systems engineering, combine modern enterprise management idea and modern automobile develop and design technology, as a tool, make use of high configured computer and high edition cad software autocad2002, catia, and office & project management software microsoft office xp ( word, excel ), microsoft project2002. develop and design of lck6600 emphases, systemly, comprehensive and whole course ( maket investigation and study, overall design, modeling select design, large scale custom - tailor output design namely platform and modularization in course
以巨大的市場需求為導向，以交通部推出的「村村通」工程為契機，以低成本擴張為基礎，以中通客車控股股份有限公司的各種軟體和硬體資源為條件，利用汽車系統工程的方法，結合現代企業管理理念和現代汽車研發技術，使用高配置計算機和最新版本的三維輔助設計軟體catia 、二維輔助設計軟體autocad2002 、辦公軟體microsoftofficexp （ word ， excel ） ，項目管理軟體microsoftproject2002等為工具，有重點的，系統的，全面的，全流程的對lck6600輕型客車進行綜合開發（市場調研，總體設計，選型設計，大規模的定製產出設計即流程的平臺化和模塊化設計，市場準入成本設計） 。The paper is composed of five chapters the first chapter first introduces the concept, characteristics and the course of development of the stock index futures, then deduces the pricing formula of stock index futures and further analyses the functions of stock index futures and the impact of its transaction on the fluctuation of the spot transactions. the second chapter demonstrates the need and feasibility of the introduction of the stock index futures in china. through the empirical analysis of the market risk of china ' s stock market, we can see that the risk difference between individual stocks, so a portfolio investment wo n ' t help much in risk aversion
本論文共分為五章，第一章在介紹股票指數期貨的概念、特點以及產生與發展的過程的基礎上，對股票指數期貨的定價公式進行了推導，從而引出股票指數期貨的套期保值、指數套利、資產配置、組合保險等作用，進而分析股票指數期貨交易對股票現貨市場波動性的影響；第二章主要是對中國推出股票指數期貨的必要性和可行性進行論證，通過對中國股票市場風險測度的實證分析，得出了中國股票價格波動齊漲齊落，個股之間的風險差異小的特點，因此，投資者進行投資組合的避險效果就很有限，無論是個人投資者還是機構投資者，都必須面臨中國股票市場巨大風險的事實。分享友人