收益力價值 的英文怎麼說

中文拼音 [shōuyìlìjiàzhí]
收益力價值 英文
earning capacity value
  • 收 : Ⅰ動詞1 （把攤開的或分散的事物聚集、合攏） put away; take in 2 （收取） collect 3 （收割） harvest...
  • 益 : Ⅰ名詞1 （好處） benefit; profit; advantage 2 （姓氏） a surname Ⅱ形容詞（有益的） beneficialⅢ動詞...
  • 力 : Ⅰ名1 （力量; 能力） power; strength; ability; capacity 2 [物理學] （改變物體運動狀態的作用） forc...
  • 價 : 名詞1. （價格） price 2. （價值） value 3. [化學] （化合價） valence
  • 收益 : income; proceeds; profit; earnings; gains; avails; gainings
  1. In addition, the author find that the two indices : c / p and e / p are not valid indices to distinguish value stock from glamour stock, and two - dimension indices have better ability to distinguish value stock from glamour stock than one - dimension indices, which is same as lsv ( 1994 ). finally, the evidence of return mean - reverting from this chapter support the ideas of debondt & thaler ( 1985 ) on stock overreaction

    而且作者發現c用和e護指標並不是劃分價值投資組合和魅力投資組合的有效指標。而且二維指標對價值投資組合和魅力投資組合的區分能力高於一維指標，這與lsv （ 1994 ）的結論相同。最後，價值組合和魅力組合在組合形成前後的收益率反轉現象也支持了debondt & thaler （ 1985 ）有關股票市場存在過度反應的觀點。
  2. In chapter three, the author adopt conventional risk indices including p, bp and full range, and such portfolios management evaluation ratios as jenson ' s alpha, treynor ratio and sharpe ratio to evaluate risk - adjusted investment performance and relevant risk indices of value stock portfolio and of glamour stock portfolio in buy - hold average returns ( bhars ) and average monthly returns ( amrs ) term

    在文章的第三章，作者利用傳統的風險指標。 ， ?刀，和全距以及夏普指數、特雷諾指數和詹森指數對上述持有期為一年的一維、二維等權和權重價值反轉投資策略的價值投資組合和魅力投資組合的風險和投資業績進行了計算，同樣從買入並持有收益率和組合月均收益率兩個角度入手。
  3. One is to study the relationship between the share - holding structures of senior supervisor, stock structure etc, and the finance performance of the corporate ; the other is to study the relationship between correlative factors of the corporate governance. in this article, based on the analysis of the relationship between corporate governance and financing performance, the author divide performance into two aspects : roe and tobin ' s q ratio, tries to establish the correlation and regression analysis mathematics model of corporate value and developing ability of the corporate, using statistical software spss10. 0, carry through the correlation and regression analysis, then analyzes the model to study the relationship between corporate governance, corporate value and developing ability of the corporate. this is a beneficial experiment to the research of the relationship between corporate governance and performance

    本文試圖在分析公司治理結構各方面與公司經營財務業績相關關系的基礎上，將公司績效分解為凈資產收益率代表的公司價值和托賓q值代表的公司價值成長能力兩個指標，分別建立公司價值與公司治理結構各影響因素以及公司價值成長能力與公司治理結構各影響因素關系的多元線性數學模型，利用spss10 . 0統計軟體，對之進行多元線性回歸分析，考察它們之間的相關性和回歸系數，並通過擬和出的回歸方程考察公司短期與長期發展能力與公司治理結構的關系，是對公司治理結構與公司績效關系進行研究的一次有益嘗試。
  4. Considering company developing trend and macro - economic environment together, by the calculating of asset value, profit ability value and growing up value, the decision making is mainly based on the balance sheet. secondly, " vit " always takes reality as its basis. it is more practical and more rational when analyze the expecting profit, the future cash flow or judge the value of a invested company

    價值投資理論與「現代投資理論」的區別在於：首先， 「現代投資理論」將大量復雜的預測技術和數學公式引入對投資資產的定價過程，而價值投資理論卻從資產負債表出發，結合公司發展趨勢和宏觀經濟環境等因素，通過對資產價值、盈利能力價值和成長性價值的計算來做出投資決策；其次，價值投資理論始終以現實為基礎，在分析處理預期收益和未來現金流時更實際、更理性地判斷被投資公司的價值。
  5. 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。
  6. So this paper tries to solve these problems through the following work : first, we select some index to valuate the close - end funds, including income, stability, risk in falling, stocks selecting ability and tuning ability, based on overseas funds valuation methods and domestic market condition ; second, we analyze the stability of all index and form two styles index, which are f and other bad stability index ; then, we form the valuation system, including two - layers index, which are p and factor score ; last, we use this system to analyze the close - end funds which came into existence before 2000 and get the final comparative result. the main intention of this paper is to create the system of valuating close - end funds in our country, which is comprehensive and objective. in my valuation system involving the period from 2000 to 2003, the funds as a whole performs inferior to the stock index

    首先，對國外理論界經典成型的、以及前沿的基金評價指標和評價方法進行了詳細的分析，並結合我國的基金市場狀況，選取了可以衡量基金收益、穩定性、下跌風險、股票選擇能力、時機選擇能力等量化指標；其次，根據我國基金分析的需要，採用了諸如基金交易價格、換手率等二級市場表現指標；然後，對這些指標進行了時間延續性分析，檢測這些指標在運用到我國基金市場時能否有效預測基金未來表現，從而形成了兩類指標：時間延續性很好的s _ p和時間延續性不好的其它所有指標；再次，在以上工作的基礎上形成了由兩個層面的指標構成的我國證券投資基金評價體系： s _ p和因子分析中綜合因子得分值；最後，選取了我國2000年1月1日前成立的23隻封閉式基金作為樣本，並同時採用上證a股與深成a股兩個基準組合進行了3年樣本期的實證分析，得出了最終的比較性評價結果。
  7. From the second to the fifth chapter such problems concerning state - owned property right are illustrated respectively as its definition, valuation and price fixing and capital sources of undertaking party and the disposal and use of transfer income. problems are raised with regard to the process of current property right system diversity in state - owned enterprises, such as the disagreement to the definition of state - owned property right, no standard of evaluation, imperfection of price fixing system and relative confusion of transfer income disposal and use. what ' s more, new solutions are offered : the probe into state - owned property right definition " changsha model " is confirmed positively ; two specific ways of quantification - - " the method of average growth rate of state - owned property right " and " the method of average cost of labor in market " ; the concept " present value of earnings " is applied to the property evaluation of receivable accounts, finished goods, invisible assets and so on ; the unjust in price fixing of state - owned property right can be avoided by improving property valuation methods, perfecting capital market especially property right trading market and bettering information publishing system ; as to the guarantee problem of human resources financial contribution, an original key is offered

    第一章運用產權理論對國企產權多元化改革進行經濟學分析；第二章至第五章主要圍繞國有產權的界定問題、評估問題、定價問題、承接方的資金來源問題、轉讓收入的處置運用問題分別進行闡述，指出了當前國企產權多元化過程中存在著國有產權界定不統一、評估不規范、定價機制不完善、處置運用相對混亂等諸多問題，並提出新的解決思路：肯定國有產權界定「長沙模式」的積極探索意義，提出量化職工創造剩餘價值的「國有資產平均增長率法」和「平均市場勞動成本法」 ；將「收益現值」概念運用到對應收賬款、產成品、無形資產等資產評估之中；應從完善資產評估方法、完善資本市場特別是產權交易市場和健全信息公開機制三個方面來解決國有產權定價不公問題；就人力資本出資的擔保問題提出實際債務承擔額（比例）應小於名義出資額（比例）的新思路，並認為人力資本市場上的交易價格應包括絕對出資額和相對出資額兩部分。
  8. And then the author builds up some ways of how to evaluate the value of intellectual capital, on this basis the author designs incentive mechanisms of intellectual capital participating in distributing plans of enterprise profit. these provides practical evidences of theory for enterprises of our country exploiting and managing intellectual capital and developing fully the use of intellectual capital for growing up of economy and increasing in value of enterprises

    本文運用近年來國內外發展起來的智力資本有關理論對我國企業智力資本問題進行了分析和探討，提出了智力資本價值度量的方法，並在此基礎上提出了智力資本按價值參與企業收益分配方案的激勵機制，為我國企業開發和管理智力資本、充分發揮智力資本在經濟增長和企業增值中的作用提供了實踐上的理論依據。
  9. The value of the procedure could be well reflected by the auditing and instructing responsibility of the administrative bodies, according to which the legal rights of taxpayers could be fairly guaranteed, and a basic balance between the procedure rights of taxpayers and imposing power of taxation bureau could be reached

    其程序價值在於通過設置稅務機關在匯算清繳期間應履行的對納稅人正確納稅所負有的審核、教示等的程序義務，來保障納稅人的合法權益，實現納稅人的程序權利與稅務機關徵收權力的基本平衡。
  10. To set a new index system of financial appraisal, some basic factors including operational purposes, subjective, the life cycle of enterprise, etc., must be taken into consideration. the changes of these factors determine the expansion and withdraw of the system. moreover, to design the system framework, the following principles must be abided by : the principle of understandability, the principle of operationally, the principle of cost - benefits, etc. according to the above, we believe that the system framework of financial appraisal should take economic value added ( eva ) as the core index and take the main factors that influence the success of enterprise operation into comprehensive indexes system

    論文的創新處主要體現在：吸收我國企業效績評價指標體系和西方財務評價指標的精華，並在此基礎上，構建適應新經濟時期企業經營環境變化要求、分層次、多因素的企業經營業績財務評價指標體系；提出幾個很有創意的財務評價指標，諸如：知識與智力資產收益率、知識與智力資產貢獻價值增長率、凈資產創利率、負債收益率，相信必將對未來同類研究起到有益的借鑒作用。
  11. Secondly in enterprise valuation cost method should proceed with book value of the financial statement, regard market value as adjusting orientation and reduce application range of cost method. when income method is adopted, four principles should be paid attention to : a : stage - by - stage income model should be used which is made by early stage income current value added by later stage income increase. b : net profit and net cash flow should be the majority of income volume

    其次為：企業價值評估採用成本法應從財務報表的賬面價值入手、以市場價值為調整目標、減少成本法的應用范圍；採用收益法應以前期收益現值加後期收益額遞增的分階段收益模型，收益額以凈利潤、現金凈流量為主，收益預測以企業未來發展潛力分析為前提的銷售收入預測為主導，折現率堅持不低於無風險報酬率等四項原則，系數以回歸方程的測算為主；市場法中參照物企業選取應以同行業企業為基準、擴大數據來源，注重評估比率可靠性驗證、利用多種比率的配合等。
  12. The property rights structure stimulates the people ' s economical conducts through transiting the property rights as the valuable asserts and arranging who can bear the deciding costs and benefits of using resources. distributing the deciding power, property rights arrangement decides who conducts in the economic system and how is the social wealth distributed. so, defining and enforcing the property rights institution influences the idea of using economic resources the economic conducts and economic performances

    通過把所有權轉讓為有價值的資產並安排誰是承擔資源使用決策的成本和收益的人，產權制度結構激勵著社會中人們的經濟行為；通過決策權力的配置，一般的產權安排決定了經濟體制中誰是經濟行為主體，界定了社會中財富的分配；由此，產權制度的界定和實施影響著對經濟資源使用的決策，並對經濟行為和經濟績效產生十分重要的影響。
  13. In the aspects of choice that make the price method, because of canning compare the company analysis method with can compare the bargain analysis method must have the prosperous capital market, more case example, lack domestic current the bargain of the state - owned property to say, very much the enough case example props up. and buy the market multiple analysis method analyze first public of and buy the market bargain multiple, and usually is trading the scale to ascend to take into the restrict with the industry category, for example, can be provided as analytic bargain a bargain for being limited by this front in six months, target company in the electric power profession, the scale limit in 50, 000, 000 dollars including, this kind of method and ca n ' t provide the help of high times. but the dividends usuallies convert into cash to analyze the method to get the analysis of the bonus from the target company to the value that get the target company. the above method exsits current state - owned property make price very much the localization of the different degree, the past a text tries to use value analysis method as to lends support to the method, the cash discharge converts into cash to analyze method ( the method of dcf ) as the main method, the certain state - owned property procures the price. among them, use the cash discharge converts into cash to analyze the method makes sure the income is after procuring, value analysis the method gets of result the conduct and actions manages with state - owned property the section to make the basis of the price for the state - owned property, two kinds of methods is mutually combinative, make sure the state - owned property procure the price

    以上方法對于目前國有資產的作價都存在不同程度的局限，故本文嘗試用賬面價值分析法為輔助方法，現金流量折現分析法（ dcf法）為主要方法，確定國有資產收購價格。其中，用現金流量折現分析法確定收購之後的收益，賬面價值分析法得到的結果作為與國有資產管理部門就國有資產作價的依據，兩種方法相互結合，來確定國有資產收購價格。同時論文對國有企業收購整合的模式作了積極的探索，地方電力公司投資新的水利發電項目往往同時有一部份是排灌、防洪等非經營性的，或稱為公益性的無收益項目，論文對新建項目的經營性資產與非經營性資產合理比例作了深入的探討，重慶大學碩士學位論文並建立了分析模型，對于新項目的投入資金結構進行了較為深入的分析，並建立了相應的項目融資模型。
  14. Eso achieves a good cycle, i. e., the eso gives incentive - managers work hard and maximize the enterprise value - rise of the stock price - managers exercise the option, sell the stocks and take the benefits - managers work even harder. the principle of eso is to combine managers " interest to enterprises " interest. managers can share the benefit of the increase of the enterprises " value so that they can exert themselves in the enterprises " development

    經理股票期權制度實現了這樣的良性循環，即： eso提供期權激勵經理人員努力工作，實現企業價值最大化企業股價上升經理人員行使期權獲得股票差價收益經理人員更加努力地工作，從而將經營者利益與企業利益有機地結合起來，讓經理人員參與分享企業增值的好處，從而促進經理人員在企業發展過程中發揮更大的作用。
  15. The target of financial management ( fm ) is to achieve maximum value of enterprise is made definite, after anaiyzing all kinds of financial relationships. the essence of organization institution for modern enterprise system is agency by agreement, which can operate perfectly under the conditions of perfect encouragement & engagement rules, so the core of the encouragement & engagement rules for new fmm is to establish distribution regulations. there are many measures can be taken availably, such as budgeting, project cost management etc. and many new concepts of advanced management are worth being adapted, for instance, opportunity - cost, cost - benefit, legal knowledge, and so fbrth

    新的財務管理模式運行的環境是現代企業制度下的國際工程公司，現代企業制度最基本的要求是產權清晰，鑒于本院是知識技術密集型企業，引入了人力資本觀念，完善和充實產權清晰的內容；在分析了企業的各種財務關系后，明確提出財務管理目標?企業價值最大化；現代企業制度的組織制度的實質是委託代理關系，委託代理關系的有效運作依靠完善的激勵約束機制，以此為指導，新的財務管理模式建立起以分配製度為核心的激勵約束機制；充分吸收先進的管理觀念，如成本效益觀念、資金的時間價值觀念、法制觀念，運用先進的方法，如全面預算管理、項目成本管理等，來全面提高財務管理的水平；財務管理體制是財務管理模式運轉的組織保障；按照本院的業務特點，將業務分類，設置了相應的組織機構。
  16. The china value fund is a unitised equity fund of the scheme which is designed to provide medium to long term capital growth for members who hold a longer term investment view and who are prepared to accept significant fluctuations in the value of their investments in order to achieve long term returns

    中華威力基金是本計劃的一個單位化的股票基金。如果成員放眼于較長線的投資，又願意承擔投資價值出現較大波動的風險以達至長期回報，則中華威力基金的設計正好切合他們的要求，能為他們提供中期至長期資本收益增長。
  17. Keep balance in nutrition according to the children s physical needs in nutrition and nutrient supply standard for dietary worked out by the national nutriology association, children s soybean drink is made from soybean, carrot, milk and egg by adopting the advanced drying technology of denmark. with the scientific formula, this product keeps balance in nutrition and is an ideal health instant drink for children to take daily

    完全保存了大豆鮮胡蘿卜鮮牛奶鮮雞蛋等原料本身固有的營養成分，還特別添加對大腦發育視力改善有良好促進作用的dha以及卵磷脂牛磺酸等益腦護視力促進鈣質吸收的營養物質，其營養價值遠高於普通鮮牛奶或豆奶，適宜作為少年的早餐課間餐或夜餐的加餐營養飲品。
  18. In view of the assumption of high - speed growth in income forecast for growth high - tech enterprises, it is necessary to make detailed analysis for value - driven factors, such as increased investment, industry growth prospect, sustainable innovation competence

    鑒于成長型高新企業的收益預測具有高成長性的假設，因此要詳細分析新增投資、行業成長性、可持續創新能力等價值拉動因素。
  19. This will aid in measuring human capital value in monetary terms. then, two methods of human capital estimation are advanced, ( i ) the retrospective approach, measures the cost of human capital investment, ( ii ) the prospective approach, measures the present value of the expected future services that human capital can render. the measurement exercise based on the average years of schooling is done in this chapter

    接著，根據人力資本價值的涵義，本章提出了人力資本價值計量的兩大類方法：一類是追溯成本計量法，即估算人力資本投資所花費的成本費用形成的資本量，重點採用了「受教育年限法」對我國各省市的人力資本存量進行考察；另一類是預期收益計量法，即用人力資本可望提供的未來用途和服務的現值來確定其價值量。
  20. So from the post - industry economy to the knowledge economy, while the human capital becomes more important in the value creating of the firm than before, it also participate in the distribution of the residual returns of the firm

    我們知道企業剩餘索取權的分配結果依賴于對企業的剩餘控制權，因此，從后工業經濟時代起到當今的知識經濟，人力資本在企業價值創造中的作用日益擴大的同時，也逐漸參與企業剩餘收益的分配。
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