操縱市價 的英文怎麼說

中文拼音 [cāozōngshìjià]
操縱市價 英文
control the market price
  • 操 : Ⅰ動詞1 （抓在手裡; 拿; 掌握） hold; grasp 2 （做; 從事） act; do; operate 3 （用某種語言、方言說...
  • 縱 : Ⅰ動詞1 （釋放; 放走） release; set free; let go 2 （放任; 不約束） indulge; give oneself up to; l...
  • 市 : 同 「黻」[fú]
  • 價 : 名詞1. （價格） price 2. （價值） value 3. [化學] （化合價） valence
  • 操縱 : 1. （控制; 開動） operate; control; roll; steer 2. （支配;控制） rig; manipulate; govern
  1. This article takes the corrections of accounting errors as one of the profit - manipulate. it begins with the root and the objective condition of the profit - manipulate, to analysis the reason and motivation of the corrections of accounting errors. then, on the base of the effective market content and the capm theory, this paper analyses empirically the market conductibility of corrections of accounting errors with all " a " shares in 2001, and discovers there is no difference on stockjobbing amount and price

    從利潤操縱存在的根源和客觀條件入手，分析上市公司進行會計差錯及其更正的原因和動機；然後，以有效市場假說的基本理論和資本資產定價模型為基礎，對2001年滬市a股所有進行會計差錯更正的上市公司進行會計差錯的發生和更正的市場傳導效應研究，通過檢驗發現，公司年度報告披露前後時窗內的股票交易量和股票價格並未存在顯著差異。
  2. Along with the recent continuous exposal of big financial faking problems of some listed companies and share price manipulating cases, and with the graveness of excess stock market speculation and bubble phenomenon from day to day, the discussion on the problems of validity of china security markets for the last few years only exits in some small range research literature of related science publications which has become " great arguments on share markets " laid in the highest authority of chinese economists at the beginning of this century

    隨著近年來上市公司重大財務虛假與股價操縱案的不斷曝光及市場過度投機和泡沫現象的日趨嚴重，關于中國證券市場有效性問題的討論，終于從過去幾年中散見于有關學術刊物的一些小范圍研究文獻，演變成世紀之初在中國經濟學界最權威層面上的一場「股市大辯論」 。
  3. Government ' s monopoly of capital market also leaded to the " shell " value of listed company which is irrelative to the company ' s invest value, which made the higher general price in the market. in addition to, the structure of investors which is consisting of many individual investors and few institution investors lets it easy to manipulate the stock market for the institution investors. according to the origins of the systematic risk, it is necessary to improve the market mechanism and market efficiency to eliminate the system root of the risk to decrease the risks

    突出地表現在：資本市場服務于國企轉制，造成上市公司股權結構存在缺陷，致使公司治理失效，上市公司缺乏持續發展的能力，公司經營風險轉化為市場的系統性風險；政府對資本市場準入的行政性壟斷，形成上市公司「殼」價值，虛高股票市場價格，引發系統性風險；金融市場分割，特別是貨幣市場資金缺乏進入資本市場的正常渠道，利率市場化水平低，影響金融資產定價，導致違規融資盛行，加大了市場風險；而由於市場監管不到位，以散戶為主的投資主體結構，則易導致機構大戶利用內幕信息操縱股價，機構投資者的發展不僅沒有成為穩定市場的力量，反而成為操縱市場的主力，加劇了市場波動。
  4. 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。
  5. At first, from the motive of listed comoany " s handle profit. the listed company will produce keen motive of manipulate profit in order to get the right of gathering the funds from the public market, in order to avoid loss the right of gathering funds from the public market because of consecutive three year ' s loss in business, in order to attain the qualifications to gather the funds from public continually, in order to match the banker to manipulate the stock price to acquire the exorbitant profits, in order to get the interest of the management layer

    首先，從上市公司利潤操縱行為的動機看，上市公司為了取得上市向公眾募集資金的權利、為了提高發行價格盡可能多地募集資金、為了避免連續三年虧損而被摘牌喪失向公眾募集資金的權利、為了達到配股資格線繼續向公眾募集資金、為了配合莊家操縱股價牟取暴利、為了管理層自身利益等目的，在相關政策法規不完善的情況下，產生了強烈的操縱利潤的動機。
  6. The results show that : ( l ) adoption of the intermittent mean price instead of the point price at the end of the option will help to reduce the chances of profit - making manipulated by managers and to curb the manager ' s motive to control the stock price ; ( 2 ) generally speaking, stock price of mean price option is more incentive to the managers than that of the black - scholes ; ( 3 ) when the stock market slumps at the end of the option, mean price option will ensure a moderate insurance for the managers ; ( 4 ) when stock price slumps alone with the overall situation of the stock market in the intermittent option, mean price option. however, will be inefficient as an incentive. chapter four addresses the questions concerning the manager ' s manipulation of the stock price, and the increase of the option risks because of long - term slump of the stock market

    第三部分包括第三至五章，第三章針對時點價格容易被控制和時點價格的波動性太大，增加了經理期權的風險等問題，研究採用期權期內的平均價格替代期權期末的時點價格計算經理股票期權收益，構建了幾何型平均價格期權定價公式，並與black ? scholes期權定價公式進行了定量對比分析，結果表明： （ 1 ）採用期權期內平均價格替代期權期末時點價格有利於降低經理通過操縱股價的牟利機會，遏制經理操縱股價的動機； （ 2 ）一般條件下，平均價格期權股票價格對經理的激勵作用優于標準期權； （ 3 ）當臨近期權期末股價下跌時，平均價格期權能為經理提供適度保險； （ 4 ）當期權期內，股票受大市持續走弱影響而下跌時，平均價格期權失去了激勵作用。
  7. A economic test for the market foundation of stock manipulation - the information unsymmetry

    股價操縱市場條件的經濟學驗證
  8. But there are still many problems hi practice that m & a on financial statement which can only bring short - term effect are more than m & a on value which can really improve the company ' s competity. in order to solve these problems, many new strict regulations have been worked out since 2001 which result in the stepwise standardization of m & a. the content of the thesis is composed of three parts : part one : the basic theory of m & a

    真正有價值的實質性重組很少，戰略重組更難企及，市場上盛行的大多是注重短期效應的報表重組，重組后企業並不能隨之真正提高贏利能力，而利用重組圈錢牟利、操縱股價的案例時有發生，這無疑會損害我國證券市場的健康發展，針對這些問題，從2001年開始，管理層加大了監管力度，資產重組逐步走向規范。
  9. In the aspect of contract ' s design, its include the determination of contract value, minimum fluctuation of price, last settlement price and margin level etc. in risk management of stock index futures, the means of price ' s stabilization, the ways of avoid of market manipulation, the clearing member and market margin system and so on have been put in operation

    在股指期貨合約設計方面，主要體現在合約價值、最小價格波動、最後結算價、保證金水平等方面的確定方式。在股指期貨風險管理方面，主要採用股指期貨市場價格穩定措施、對市場操縱的防範措施、股指期貨市場結算會員制度、市場保證金制度等。
  10. During the monopoly strip the consumer surplus, monopoly make inefficiency such as x - inefficiency

    壟斷企業往往利用壟斷地位通過限制產量，從而控制和操縱市場價格，獲取高額壟斷利潤。
  11. This paper mainly concerns about controlling shareholder ’ s fiduciary duty which consists of four parts : survey on controlling shareholder ’ s fiduciary duty, civil law foundation of controlling shareholders ’ fiduciary duty ’ s generation, performance of controlling shareholder ’ s violation of fiduciary duty and judging standards, precautions and almsgiving measure of controlling shareholder ’ s violation of fiduciary duty

    控制股東侵害公司和少數股東利益，違反誠信義務的行為有多種表現方式，如虛假出資、操縱市場價格、操縱利潤分配、惡意出讓控制股等。為維護公司和少數股東的合法權益，應對控制股東違反誠信義務的防範和救濟措施兩方面作出規定。
  12. Electricity price manipulation behavior of power producers in power market at generation side in zhejiang province

    浙江發電側電力市場發電商的電價操縱行為分析
  13. A futures market could not operate without speculators. speculators are investors who purposely take risks trying to guess which direction prices will go

    投機商操縱著期貨交易市場。他們是預測市場價格走向的風險投資商。
  14. So, it is important to prohibit or restrain market manipulation. in chapter 1, the author recommended the sorts of market manipulation

    然而，在證券市場被操縱的情況下，證券價格與真實價格相背離，價格波動異常。
  15. The first charter : the article explains the basic category of insider trading, the insider trading ( insider human ' s trading ) is a type of the error deed. the writer observed the deeds of insider trading in chinese securities market and revealed the characteristics of insider trading. that the government intervenes the insider trading turns to a trend, but it does n ' t mean the theory has been solved

    第一部分，文章介紹了內幕交易的基本范疇，內幕交易又稱內部人交易，是一種獨特的不正當交易行為，通過對我國證券市場內幕交易行為的透視，揭示了我國證券內幕交易行為的特點，特別是央視《經濟半小時》記者對著名經濟學家吳敬鏈先生的采訪報道后，中國證券市場愈演愈烈的內幕交易和操縱股價行為給世人以深刻的震撼力。
  16. Meanwhile, institution investors manipulate stock price and private investors blindly gamble in china stock market

    同時，中國股市存在著機構對股價操縱、散戶追漲殺跌等現象。
  17. We should also pay attention to compensation for damages and learn from the u. s. and hong kong, which have rich experience in loss assessment and measures for compensation. although the securities law can not be revised right now, precedent in judicial practice and judicial interpretation are both helpful to improve civil compensation system. this papers, focusing on the establishment of civil compensation system in the securities market, include four main parts

    其中，在確定內幕交易損害賠償請求權主體時，應將其界定在內幕交易發生到該內幕信息公開之日買進或者賣出的所有投資者；在確定操縱市場損害賠償請求權主體時，也只應當限定在股價被操縱期間高買低賣的投資者。
  18. A market condition in which there are few sellers, enabling them to influence price and other factors

    少數商家佔有市場，因此他們可以操縱價格和其他因素。
  19. The conception for the institution of a civil liability system against the manipulation of the securities market is : acts of manipulating the securities market belongs in the category of infringement of rights ; the principle for the liability system is the presumption of fault ; the third party suffering losses as a result of the manipulation can raise claims of compensation ; the cause - effect relationship between manipulation of the market and losses are to be established through two links ; and there must be a reasonable method for calculating the compensation for losses

    摘要我國證券市場操縱行為民事責任制度建構設想是：市場操縱行為民事責任屬于侵權責任；其歸責原則是過錯責任原則，實行過錯推定；在人為操縱市場時，因買入或賣出該種有價證券而受損的善意第三人可提起賠償之訴；市場操縱與損害之間的因果關系是通過兩個關系鏈建立的；損失賠償額須有合理計算方法。
  20. The fact that the concentration of the stock holding substantially correlates the fluctuation of the stock price proves that bankers do exist and take control of the price in behind. given the existence of many illegal bankers, the market transactions are actually lack of liquidity in consideration of the stock exchange ratio and the price fluctuation. in additional, the volatility of the chinese stock market has ranked top lines in world major securities market

    由於股票的集中度與股價的變動相關性很強，說明市場上確實可能存在較多莊家操縱股價的情況；正是這些非法莊家的大量存在，使得表面看似活躍的市場交易在考慮到換手率和股價波動的綜合因素后其實缺乏流動性；而中國股市的波動性十年來更是位居世界主要證券市場的前列。
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