正常股利 的英文怎麼說
中文拼音 [zhēngchánggǔlì]
正常股利
英文
regular dividend-
Therefore, in order to enhance the regulation of the offeror and the management of target company, to protect the benefits of the shareholders of target company, and to maintain the standard of the security exchange system, not only should the legislative establish the two basic principles of information transparency and equal trea tment of target company ' s shareholders, but also establish the supplementary principles of the protection of middle and small shareholders " benefits, of the forbiddance of underground transaction, of caution offer, and of anti - offer abuse
因此,除充分披露和目標公司股東平等待遇兩項基本原則外,筆者認為,要約收購還應受保護中小股東利益、要約謹慎、禁止內幕交易及阻撓不得濫用原則的規制,以加強對收購者和目標公司管理部門的規范,保護目標公司股東的利益,維護證券市場的正常秩序。英美兩國在要約收購規制方面的規范較為完善,也做得比較成功,並具有一定的代表性。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。On the basis of the above summary the creativities of the sharing systems of the shanxi merchants are discussed : ( 1 ) concentrating capital was the result of the average division in the form of organizing capital not the foremost motivation, witch was in fact in order to ensure the rights and benefits of shareholders ; ( 2 ) introducing labor - sharing system was the measure which the shanxi merchants adopt to the rise of the price of labor factor relative to that of capital factor in qing dynasty ; the labor - sharing system promoted the increase of profits of the shanxi merchants " enterprises greatly. however, that effectiveness came into existence only in normal condition. if enterprises were into the red or drawing near bankruptcy the labor - sharing system would otherwise steep up the decline of the enterprises
在此基礎上,對晉商股份制的上述創新進行了討論:集中資本是資本股份化的結果,而不是最初動因,內在動因是維護股東權益;在收益股份化的基礎上,引入頂身股制是清代晉商企業應對勞動要素價值相對提高的舉措;頂身股制極大地促進了晉商企業利潤的增加,但這僅限於企業處于正常經營狀態時,當企業面臨虧損或瀕臨倒閉,頂身股制反而會加速企業的衰亡;晉商產權制度創新(包括產權結構、組織結構的創新)迫於清代晉商企業的內外部條件變化,具體形式的產權制度是創新主體面對環境變化從成本收益角度出發仔細斟酌、權衡的結果。Fcf is used only by invest bank, and credit analysts because it is difficult to be forecasted. new fortune put forward a new method to evaluate the listed corporation performance which is based on its basic growth rate
即通過公司最近實現的盈利能力,以及所掌握資源(有息負債及未分配股利)的多少,來計算一個企業在正常的情況下,具有多高的成長性。The appearance of corporation deadlock makes the normal operational state of the corporation at a standstill and risks the shareholders ’ interests and their investments greatly
公司僵局的發生使公司的正常運作處于停頓狀態,公司命運堪憂,股東利益受損,其投資面臨重大風險。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 ) 。Dividend policy is that policy - making body of dividend adopts some tactics related to dividend policy which contain five of types : stable dividend policy, stable pay - out ratio policy, ladder dividend policy, residual dividend policy and regular dividend plus extras policy. the dividend policy of the listed company is influenced by many factors such as law, contracts, conditions inside the enterprises, shareholder wills, administration and supervision authorities etc.
上市公司股利政策受法律、契約、企業內部條件、股東意願和管理層等多種因素影響,形成了包括穩定的股利政策、固定比率股利政策、階梯式的股利政策、剩餘股利政策及低正常股利加額外股利政策五種類型的股利政策。Finally, it should be applied in a number of stages. at different stage of the life circle of hi - tech enterprises, different dividend policies should be employed. they are none - dividend, fixed payout ratio, residual dividend and lowed normal dividend plus extra dividend in stages of deliberation, setup, growth and maturity respectively
其中著重指出高新技術企業不同生命周期階段應採用不同的股利政策,在種子期採用零股利政策、創建期應用固定股利支付比率政策、成長期應用剩餘股利政策、成熟期採用低正常股利加額外股利政策。So far as the morality of the stock market subjects is concerned, it all depends. for example, the financers are morally supposed to carry out normal productive activities and try for benefit for the investors
股市融資者應該遵守的道德主要是進行正常生產經營和為投資者謀利;股市投資者應該遵守的道德是投資而是不投機,股市投資獲利是具有其道德合理性的。White the entrepreneur itself should meet the requirements of constructing modern entrepreneur system, improve legal - person administering constructure, pay attention to accelerating reconstitution, play the role of highest poticy - making body to board of directors, optimize the agent ' s stimulating - restraining - toleration " organism, make use of the opportunity of pending implementation of decreasing national stocks, realize the diversifying and rationalizing of stock - authority constructure, realized the conversion form government - oriented administering to legal - person - oriented administering, so that on the condition of possessing improved policy - making and monitoring organism, the investment of the entrepreneur will agree with the shareholders
同時企業本身需按照建立現代企業制度的要求,完善法人治理結構,著重於加快重組的進度,發揮董事會作為常設最高決策機構的作用,優化代理人的「激勵?約束相容」機制,利用國家正準備實施的國有股減持的契機,實現股權結構的多元化、合理化,實現政府主導型治理向法人主導型治理的轉變,使企業投資在具備完善的決策、監督機制的前提下,能體現股東的意願。But at the same time, the " proxy contests " if the excessiveness use, very possible strive for the tool of fame and wealth, that damage company and large shareholder legal right s
但同時, 「委託書徵求」如過度使用,極可能淪為股東爭奪權利的工具,干擾公司的正常運作,導致損害公司及廣大股東的合法權益。Because it is so, from the viewpoint of the controlling shareholders, if a conflict of interest occurs between them and the company and its minority shareholders, in line with their tendency of favoring their own gain, they unjustly abuse of their controlling power to oppress or limit the minority shareholders " legal rights. this is no exceptional phenomenon ; also is it growing in intensity. if no further actions are taken to restrain controlling shareholders, companies " normal business activity could be heavily influenced
正因為如此,對支配股東來說,一旦其利益與公司及小股東利益發生沖突,他們就會本著追求自身利益的目的,不正當地濫用其支配權,欺壓或限制小股東的合法權益,這些不是個別現象,而且愈演愈烈,如果沒有對支配股東行為進行限制、將會對公司的正常經營活動產生不良影響。Under its previous normal course issuer bid, the company purchased and cancelled 18 million common shares
從上次進行的正常程序股票發行人投標,宏利曾購入及注消一千八百萬普通股。On october 14, 2002, the company announced its intention to make a normal course issuer bid through the facilities of the toronto stock exchange the " exchange "
二零零二年十月十四日,宏利金融公布有意透過多倫多股票交易所交易所進行正常程序股票發行人投標。Up till today, people still have not reach an agreement as to the theory and the interpretation of the theory is inadequate. generally speaking, various dividend distribution policies are being employed
一般來說,常用的股利政策有剩餘股利政策、變動股利政策、穩定股利政策和低正常加額外股利政策。Until the temporary tight liquidity condition in the interbank market returns to normal following the completion of the current ipo activities, we may see the composite rate edging up further going forward, " said mr peter pang, deputy chief executive of the hkma
至現時的公開招股活動結束而銀行同業市場流動資金短暫收緊的情況回復正常前,綜合利率或會再稍為上升。分享友人