權利融資 的英文怎麼說
中文拼音 [quánlìróngzī]
權利融資
英文
title finance-
Chapter two distinguishes ship financial leasing from bareboat charter party and bareboat charter party containing lease - purchase clause by theories stated in chapter one, discusses to whom the ownership of the ship under construction belongs is beneficial to the lesser, and states why registering of the ownership of the ship is very important for the lesser
更進一步用這一理論來分析船舶融資租賃交易和船舶光租及租購交易的區別,並對船舶融資租賃中遇到的在建船舶所有權安排問題和船舶所有權登記問題加以探討。筆者接著探討了出租人作為所有權人所擁有的重要權利取回權。Then the article analyses the causes of chinese listed companies " equity finance preference, the soft restraint of equity capital cost, the director and manager pursuing to the incurrence income, interests conflicts of big shareholders and minor shareholders and the undeveloped corporate bond market in china
然後,對股權融資偏好產生的原因進行了分析,認為股權資本成本的軟約束、董事和經理追求非貨幣收益、大股東與小股東的利益沖突、企業債券市場發展滯后等是我國上市公司股權融資偏好產生的主要原因。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。This paper carries out study on corporate governance based on system theory, advances concept of corporate governance, analyzes and abstracts system core of corporate governance from the point of mechanism by means of study on environment energy - rank principle, running mechanism and model of corporate governance. this paper analyzes mechanism of stimulation and restraint by using game theory, verifies effect of stock right structure on efficiency of corporate governance in view of connection between capital and corporate governance, gives method of resolving optimum stock right limit of collection and deconcentration and adventure share model of blending capital, and discusses problem of entrance of stakeholders to corporate governance etc. at last, according to system theory of corporate governance studied, this paper analyzes governance system of chinese state - owned and its effective factors, and advances complete countermove idea of corporate governance system
本論文以系統理論為基礎對公司治理結構進行了研究,提出了公司治理結構系統的概念,分析提煉出了公司治理結構系統核,並通過對公司治理結構系統環境、系統能級原理和系統運行機制與模式的研究,從機制的角度分析了公司治理結構系統運行模式;運用博弈論對公司治理過程中的激勵約束機制進行了分析;針對資本結構與公司治理結構的關系,運用模型驗證了股權結構對公司治理效率的影響,給出了求解最佳股權集散度的方法和融資風險分擔模型;探討了利益相關者介入公司治理結構的問題等等。The financing - motivated takeovers allow the disfavored non - listed companies to circumvent the state monopolistic control over the financial system and capitalize on the privilege of listed companies in raising external finance
融資動機收購使得沒有被優惠的未上市公司規避了國有公司對融資壟斷制度,而可以利用上市公司的特權籌集外部資本。The first aspect is about amending the definition of the financial lease contract, and the second is of modifying the quality of the financial lease contract. the third aspect is that the financial lease contract should be treated as the contract concerned three parties and the rights and obligations belong to the every party ' s should be stipulated in one integrated contract. the forth involved transformation of some systems, such as the dual controlled system of the lesser, the lesser ' s obligation to guarantee no flaw of leased object, the right to charge under the sale contract, renting by foreign currency, the lessees risk of appointing agent, and so on
一、修改融資租賃合同的定義;二、改變融資租賃合同的定位;三、將它規定為三方合同關系,用一個完整的合同規制各方當事人的權利義務;四、某些具體制度設計的改變,如出租人的雙軌制、出租人的瑕疵擔保義務、關于買賣合同索賠權、外幣計租、承租人選定代理人的指定風險等;五、建立融資租賃法律制度的完整體系,將目前尚未規定的各種非典型形式寫進合同法。It is necessary to perfect the laws and regulations about mbo and make it legislatorial. part is about the qualitative analysis of the management buy - out. mbo is one of the a & m measures that manager who loans money to buy stock shares of his own corporation so as to change the ownership structure of the corporation and gain anticipated interests
本文首先對管理層收購進行定性分析,認為管理層收購是管理層利用自有資金或外部融資來購買其所經營公司的股份,以此完成由單純的公司管理者到股東法律地位的轉變並進而改變公司所有權結構、控制權結構的商事行為。For example, in china, mbo is more like an encouragement way than to reduce agent cost ; illegal financing channel causes latency problem for future operation ; management members make advantage of so - called " internal people control " to undervalue the share price that damage the interests of the middle - and - little share holders ; management members also obtain large proportion dividend from the company that limits its development
比如說,國內mbo更多是一種激勵措施;融資制度不健全,管理層杠桿收購資金的來源不合法,導致了收購完成後的短期行為;不完善的資產定價體系、股權割裂導致管理層壓低凈資產,造成國有資產流失和損害中小股東的利益;由於流通股和非流通股同股不同價,管理層利用大比例分紅抽逃資金等等。However, once we take all - sided and impersonal view over the housing finance, we will definitely realize the conflict between the high speed and the low efficiency of it. in this paper, it ' s analyzed that there ' re five factors affecting the efficiency of housing finance, based on the basic situation of china as a developing country and according to some related theories of the western economics. the first one is the dual - track interest rate which presumes that price of housing credit financing is under the control of government to a certain extent, and the rest is open
因此,本文從我國作為一個發展中國家? ?這一基本國情出發,以西方經濟學中有關理論為依據,分析影響我國住房金融效率的因素主要包括:利率雙軌,即一部分住房信貸資金價格受到政府的管制,而另一部分住房信貸資金價格則是開放的;住房金融機構產權不清,特別是政策性住房金融機構產權不清而導致金融創新動力不足,金融工具品種單一,不能滿足居民需求多樣化的要求;住房信貸中由於較高的交易費用,而使內耗偏高、效率降低;住房金融機構不健全,既不存在真正的住房金融機構又缺乏相應的擔保機構;此外,住房金融中融資機制不完備,長期信貸資金來源不足與資產負債的期限結構不匹配也是影響住房金融效率的一個主要因素。As no. one of security, the system of mortgage plays an important role in such tunels. but with the development of the times, such should be focused on as how to further perfect legal system and how to keep balance between fairness and efficiency
但隨著時代的發展,如何進一步完善法律制度,使之更好地為社會融資服務,並在不損害他人利益時達到公平和效率的和協統一,這是法律工作者不可推卸的責任,筆者對抵押權順序的探討也是此目的。As previously indicated by efil, the financial advisers will not have any exclusive rights in respect of future disposal transactions and there will be opportunities for other firms to participate in these transactions
投資公司較早時曾經指出,財務顧問在日後出售股票的交易上,將不會享有任何獨有權利,其他金融機構亦會有機會參與這些交易。The research conclusion indicates : the listed companies of china choose equity - financing first, bond - financing second ; in the bond - financing, the companies prefer to current liabilities ; the factors which impact the financing structure are the profit, the growth, the dividend, the equity - structure, the repayment - ability and the bankruptcy - cost. next the author analyses the financing - cost of the listed companies of china
研究結果表明:我國汽車製造業上市公司首選股權融資,其次才是債權融資,在債權融資順序中,上市公司更加偏好短期負債融資而非長期負債融資;對我國汽車製造業上市公司融資結構的形成具有顯著影響的因素主要包括企業利潤因素、企業成長因素、股利分配因素、股權結構因素、償債能力因素和破產成本因素。The study and discussion is made on the issues of ship mortgage financing legal system such as the subject, the object, the right and obligation relationship between two parties, ship mortgage register, etc. comparing with the normal pattern, concrete analysis is made on the mortgage financing pattern of both the ship under construction and the single - vessel company. chapter x is mainly about the range and category about the mortgagors, i. e
作者在本文中,研究論述了船舶抵押融資法律關系中的抵押融資主體、抵押融資客體、抵押融資雙方權利義務關系,以及船舶抵押登記等問題,並對與一般船舶抵押融資模式相比,具有自身特色的在建船舶抵押融資模式和單船子公司抵押融資模式,進行了具體的分析和設計。According to the transfer time of vessel ownership stipulated in the ship construction contract, the vessels under building mortgage fin ancing pattern is stated in three different conditions : 1. the shipyard as the mortgagor when the ownership is transferred after the ship finished building ; 2. the shipowner as the mortgagor when the ownership is transferred when the ship is just begin to build ; 3
在建船舶抵押融資模式中,根據船舶建造合同中規定的船舶所有權轉移時間的不同,作者將融資模式分為,船舶建成交付時轉移所有權船廠作為抵押人的融資模式,船舶建造時立即轉移所有權船東作為抵押人的融資模式,和船舶建造過程中轉移所有權船東作為抵押人的融資模式,分析了三種模式各自的特點和利弊。By analysis various responsibilities and rights of the mortgagors in the mortgage financing are clearly stated. after that, the author probes into the range of the object and suggests it should include the compensation of vessel, freight, rent, insurance damage, expropriation losses, etc. through devising the main clauses in the contract such as declaration and guarantee clauses, precondition clauses, stipulation clauses, breach clauses, etc., chapter x focuses on the content of the right and obligation of two parties and designs the pattern of normal vessel mortgage financing
明確了船舶抵押融資主體和客體后,作者通過對反映雙方權利義務關系的借款合同和抵押合同主要條款內容的設計,如陳述與保證條款、先決條件條款、約定事項、違約條款等,詳細分析了抵押融資雙方在抵押融資活動中所享有的權利和應履行的義務的內容,設計了一般船舶抵押融資的模式。Because the managers cannot own 100 % power of asking for surplus ( that is to say, sharing the firm ’ s profits and undertaking limited duty according to the proportion ), they are to run for extra consumer allowance instead of going all out to make full use of the firm ’ s resources like complete owners, so it leads to the agency costs of financing by equity
因為管理者不能擁有100 %的剩餘索取權(即按比例地分享企業利潤和承擔有限責任) ,他們就會追求額外的消費津貼,而對企業資源的利用不會像完全所有者那樣竭盡全力,從而產生股權融資的代理成本。The expropriation influences the choice of financing pattern, leads to high concentration of ownership, impairs rights and interests of small shareholders and affects the efficiency of corporate governance, thus dwindles the value of corporation
掠奪行為影響了公司對融資模式的選擇,促使股權高度集中,損害了小股東利益,影響到公司治理的有效性,進而造成公司價值降低。Equity financing requires that you sell an ownership interest in the business in exchange for capital
權益融資需要企業所有者出讓企業的所有權利益來換取資本Either one - year ahead earnings or long - term earnings, equity financing has more adverse impact on future performance than debt financing
無論是未來一年盈利還是長期盈利,權益融資與債務融資對未來經營業績都有較大的不利影響。The major disadvantage to equity financing is the dilution of your ownership interests and the possible loss of control that may accompany a sharing of ownership with additional investors
權益融資的主要缺點是稀釋了所有者的利益,隨著其他投資者所佔權益份額的擴大企業控制權也可能失去分享友人