相對方向效率 的英文怎麼說

中文拼音 [xiāngduìfāngxiàngxiàolǜ]
相對方向效率 英文
relative directional efficiency
  • 相 : 相Ⅰ名詞1 （相貌; 外貌） looks; appearance 2 （坐、立等的姿態） bearing; posture 3 [物理學] （相位...
  • 對 : Ⅰ動詞1 （回答） answer; reply 2 （對待; 對付） treat; cope with; counter 3 （朝; 向; 面對） be tr...
  • 方 : Ⅰ名詞1 （方形; 方體） square 2 [數學] （乘方） involution; power 3 （方向） direction 4 （方面） ...
  • 效 : Ⅰ名詞（效果; 功用） effect; efficiency; result Ⅱ動詞1 （仿效） imitate; follow the example of 2 ...
  • 率 : 率名詞（比值） rate; ratio; proportion
  • 相對 : 1. （面對面） opposite; face to face 2. （非絕對的） relative 3. （比較的） relatively; comparatively
  • 方向 : direction; orientation
  • 效率 : productiveness; efficiency; productivity; workpiece ratio
  1. The high - power semiconductor quantum well ( qw ) laser is a kind of luminescence device with superior performance, it has longe - lived, low threshold current density, high efficiency, high luminosity and excellent monochromatic, coherence, directionality, etc. the high - power semiconductor laser is widely applied to the fields, such as military, industrial machining, communication, information processing, medical treatment, etc. the material ' s epitaxy is the foundation of the whole laser ' s fabricating, and it has important influence on the optics and electricity performance about the laser

    大功率半導體量子阱激光器是一種性能優越的發光器件，具有壽命長、閾值電流密度低、效率高、亮度高以及良好的單色性、相干性、方向性等特點，廣泛應用於軍事、工業加工、通信及信息處理、醫療保健等領域。材料的外延生長是整個激光器器件製作的基礎，對器件的光學和電學性能有著重要的影響，生長不出優質的材料體系，獲得高性能的器件就無從談起，因此，材料的外延生長便成為了整個半導體激光器製作過程之中的重中之重。
  2. With the rapid development of the security stock market especially the stock market in chian ， issuing stock and circulating on market became the first choice of financing for more and more enterprise at the same time ， more and more investors are attracted by the relately high initial return of stock however ， the problem of ipos underpricing always exists in the stock market according to the data of more than one thousand chinese stocks ， most new issues had great raise in the first trade day ， and investors could acquire higher initial return than the average return of the stock market or the same industry we find that initial returns on a - share ipos average reached 132. 24 percent the main body of this paper is made up of six sections ： in the first part ， we introduced the method of the estimate of pricing decision ； in the second part ， we analyzed the method of the pricing decision and issuing system in china ， discussed the advantage and weakness of the various issuing methods ， and compared the economic efficiency between the examine and approve system and authorization system ； in the third part ， we analyzed the reason of ipo ' s underpricing in detail from information economics and other factors and combined with the environment of the chinese stock markets ， we analyzed the special characteristics in china and how they effect the ipo ' s underpricing in the fourth part ， we analyzed the data of chinese stock market with spss ， made a analysis of the administrative pricing decision and market pricing decision ， studied the underpricing phenomena of chinese stock market ， and analyzed it ' s causes ； in the fifth part ， we made a analysis of the examine approve system and authorization system ； and in the last part ， we drew some conclusions and put forth some policy advices the follow are the conclusions and policy advices in this dissertation ： （ 1 ） from the results of this empirical study ， we found that the issuing price - earning ratio and the market situation before ipos are strongly and positively associated with the underpricing of shares ， the issuing scale of ipo and the hit rate are strongly and negatively associated with the underpricing ； （ 2 ） we found that after the abolishing of ipo ' s p / e ratio and the using of authorization system ， there is no significant difference among the underpricing of shares ， but considered with the market entironment ， we think that the ipo ' s underpricing has been correspondingly reduced （ 3 ） to reduce difference between the primary market and the second market ， we suggested that we shall bring the " over - allotment option ( oao ) " to bear and resume the state - owned share and corporate - owned share to circulate on market as soon possible

    本文的主體由六個部分組成：第一部分介紹新股發行定價的估值方法；第二部分對我國的發行定價方式和發行制度進行分析，探討不同發行定價方式的優缺點，以及審批制和核準制經濟效率分析；第三部分從信息經濟學角度和其他因素的角度詳細分析造成新股發行抑價的原因，並結合我國股票市場實際情況，分析了我國市場的特有因素是否及如何影響一級市場的發行抑價程度的；第四部分利用統計分析軟體spss對我國新股行政化和市場化定價進行實證分析，主要包括新股發行行政化和市場化定價方式的實施情況和效果分析、新股發行行政化定價方式的實證分析，以及新股發行行政化和市場化定價方式的比較實證分析；第五部分利用統計分析軟體spss對我國新股發行審批制和核準制進行實證分析；第六部分是本論文的主要結論。本文的主要結論和建議有： （ 1 ）從實證分析結果看，我國新股發行抑價與市場環境、發行市盈率呈顯著正向關系，與發行規模、申購中簽率等呈顯著反向關系。 （ 2 ）取消發行市盈率限制和實施核準制等市場化改革措施並沒有降低發行抑價的絕對水平，只是由於市場環境的因素，發行抑價的相對水平才有所降低。
  3. Some conclusions are drawn : 1 ) effect of inertial force from superstructures on the lateral seismic response of single pile can not be ignored ; 2 ) the lateral seismic response of single pile induced by far - field earthquake are mainly affected by acceleration mass of superstructure > site eigenperiod. it increases with the increment of accele ration and mass of superstructure. as the site characteristic frequency approaches the self - oscillation frequency of the pile, sympathetic vibration occurs and the value of lateral seismic response reaches maximum ; 3 ) as the stiffness ratio of pile to soil increase, the relative displacement of pile to soil increases ; 4 ) the lateral seismic response of fixed - head pile is much smaller than that of free - head pile

    將其解析解與具體的的抗震設防烈度和場地特徵周期結合起來，計算分析了成層地基中單樁的橫向地震響應，得到了以下結論： 1 ）上部結構慣性力對樁的橫向地震響應的影響不可忽略； 2 ）成層地基中的單樁的橫向地震響應主要受地震基本加速度、場地特徵周期、上部結構質量的影響，隨地震基本加速度、上部結構質量的增大而增大；場地特徵頻率越接近樁基自振頻率，樁基地震響應越大，等於自振頻率時，由於發生共振現象，樁基響應幅值最大； 3 ）樁土剛度比越大，樁土之間的相對位移的幅值越大； 4 ）樁頂固接的連接方式，可以有效地降低地震時單樁的橫向地震響應。
  4. Due to the short distance among the planes which fly in a group, the conventional low resolution radar can not distinguish them in both distance and azimuth ? if we use the technology of isar to resolve the difference among doppler frequency of the targets and obtain a fine resolution cross - cross image, we may separate them, but a long time of coherent processing is needed <, for the formation targets, it can be approximately divided to rigid body and nonrigid body, so for the formation targets, that can be regarded as rigid which has a relative position and an identical movement, can be approximately considered as a large target, and be compensated by translational phase with the rule of minimum entropy, but for the most those cannot accord with the approximation of rigid, being the doppler - frequency of the aim is linear changed, by the relax method with short data, increases the resolving performance of multiple target to the aim in the frequency domain, since cross - range resolution is based on the accumulative time, so it is greatly improve the resolution to formation targets by the instant cross - range image which produced by radon - wigner transformation

    低分辨isan成像及干涉技術應用研究一因此直接無法分辨編隊目標的架數，我們借鑒isar的技術，通過較長時間的相干積累，在多普勒頻域上對目標進行分辨。而對于編隊目標，可分為近似剛性的多目標和非剛性的多目標，所以對于可以近似為剛體的編隊目標相對位置固定，運動方式一致，可以近似看作一個大目標，採用最小墑準則對平動相位的進行補償，但是大多數並不滿足剛體近似的編隊目標，由於目標在相干積累時間的多普勒頻率近似呈線性變化，通過對較短數據利用relax的時頻分析方法，提高了頻率域上目標分辨的性能。由於橫向解析度取塊于橫向積累時間，所以利用radnwigner變換得到瞬時的一維橫向距離像大大提高了對編隊目標的分辨，對模擬和實測數據的大量分析結果表明此方法的有效性和可行。
  5. The ideas of object - oriented technology and parametric design computation are combined to construct this parametric design system of overhead crane based on object - oriented technology. the corresponding technology are fully used to design and compute partial mechanism of overhead crane. this system makes the deviser ' s design convenient and design period is shortened, and in the meantime work efficiency is improved

    基於面向對象技術的起重機參數化設計系統結合面向對象技術和參數化設計計算的思想，充分利用各相關技術，對橋式起重機部分機構進行設計計算，方便設計人員設計，縮短了設計周期，提高了工作效率。
  6. Comparing with the stockjobbers outside, although we can also enjoy the same treatment with others, we are still too weak even from the capital size capital strength managerial mechanism managerial efficiency to the stuff of talented person along with entering the wto, our stock market will completely be opened, abroad stockjobbers will threaten our stockjobbers seriously when they are familiar with the operations of our lacal ones, however, we can also obtain more and more opportunities at the same time : the market of our local stockjobbers will become wider from local to international capital market, it can advanced the speed of our local securities industry to improve the system conditions, to renovate manage system, to ameliorate the technic measures, to enrich the xervice breeds ; besides, it can also drive us to adjust the economica l structure, optimize the station of resource, transform the manage mechanism, all of these will provide a wider space for the local stockjobbers after entering the wto, the main develop trends of local stockjobbers are express at : invest - banking operations will become more important, the broking competition will be more fury, the property management will become the rising point of new profits of us

    雖然按對等原則，我國證券業也可以進入其他締約國金融市場並享受該國資本的同等待遇，但與境外券商相比，境內券商無論是在資產規模、資金實力、管理機制、經營效率，還是人才素質上，都無法與之抗衡。加入wto后，證券市場終將全面開放，國外證券公司在熟悉中國證券市場的操作后，將對國內券商的業務構成嚴重的威脅，以往國內券商發展業務的許多手段都將很快失靈，從而對券商的經營思路和發展戰略產生深刻的影響。然而，加入wto也使我國證券業獲得了更多新的發展機遇：將使國內券商的生存發展空間進一步拓展到國際資本市場的大舞臺；將從外部促使中國證券業向著市場化、規范化和多功能化的國際證券業發展趨勢快速推進，從而使證券業發展的制度環境得以改善；將促使我國券商更新管理體制，提高管理水平，改進和創新技術手段、業務方式和服務品種，提升競爭層次；此外，加入wto還將推動我國的經濟結構調整、資源優化配置和企業經營機制轉換，為券商開拓業務和進行各種創新活動提供了了廣闊的空間。
  7. In chapter 9 we summarize the whole paper, and explain the shortages of this paper and problems to further study. main conclusions of this paper are as follows : the first, state - owned funds have always been predominant in venture capital sources in china, and this caused the " government - operated model " which leads to excessive government ' s interferes and distorted venture capital contracts ; the second, limited partnership contract is better than incorporated company contract, because the former has obvious advantages in not only encouragement and controls, but also in investors " profits. however, this paper insists, incorporated company contracts will still be very popular in the near future because limited partnership still be illegal in most provinces of china ; the third, venture capitalists " share of profits in compensation clause of fundraising contracts is influenced by investors " attitude towards difficulties and obstacles of future investment

    本文研究的主要結論：第一，在我國風險資本來源中，政府風險資本一直居於主導地位，這造就了我國風險投資的「官辦官營」模式，使其契約機制從一開始就帶有「行政干預」的烙印；第二，有限合夥契約在約束機制、激勵機制、投資者收益三個方面都明顯優于公司制契約，因此是我國風險融資契約的發展方向，但由於有限合夥在我國受到法律限制，公司制契約在一定時期內仍是我國風險融資契約的主要形式；第三，融資契約報酬條款中的激勵系數受主體先驗概率影響，借鑒有限合夥契約，可對我國公司制融資契約進行改造與重構；第四，與債權契約、普通股契約相比，可轉換優先股契約可以有效緩解風險投資過程中的信息不對稱、降低代理成本，因此是我國風險投資契約的最優選擇。
  8. According to the guidline, two nd : yag lasers have been designed and set up, one is end - pumped by lower output power ld using a selfoc micro lens, and the other is end - pumped by high output power ld using a pair of lenses are designed, and the characteristics such as output power and power stabilization of both solid - state lasers are investigated. thirdly, when an empty liquid crystal cell is inserted in the cavity of the nd : yag laser pumped by high power ld, the laser can operates in single axial mode. finally, according to the relationship between the laser output power and the longnitudinal a ld - end - pumped nd : yag laser sensor for displacement measurement has been investigated theoretically and demonstrated experimently, the results indicate that when the mean radius of pumping inside the laser cavity is far less than that of the oscilating laser mode, the exponential of the output power is a gauss function of the longitudinal positon of focused spot of ld pumping beam, both the measurement range and the sensitivity are dependent on the incident pumping power, as the incident pumping power is increased, the measurement range is enlarged and the sensitivity is improve d

    本文首先介紹了ld泵浦nd ： yag激光器的發展狀況、主要特性及其應用，從四能級速率方程出發，推導了ld泵浦nd ： yag激光器的閾值、輸出功率和斜效率的表達式，並簡述了激光器的工作原理、結構型式和倍頻方法；其次，以空間相關的速率方程為基礎，提出了ld端面泵浦nd ： yag激光器的設計方法，給出了一定泵浦耦合方式下，振蕩光模尺寸、最佳輸出耦合率、泵浦光模尺寸、泵浦光焦斑位置等參數的選取依據，以此為依據，設計了自聚焦透鏡耦合小功率ld泵浦nd ： yag激光器和透鏡組耦合高功率ld泵浦nd ： yag激光器，對激光器的輸出功率和功率穩定性等特性進行了實驗研究；再次，在帶尾纖輸出的高功率ld泵浦nd ： yag激光腔內插入一隻空液晶盒，觀察到了激光器以單縱模運轉；最後，根據泵浦光焦斑端面位置對激光輸出功率的影響規律，提出了ld端面泵浦nd ： yag激光位移傳感新方法，並進行了理論和實驗研究，研究結果表明：當激光晶體內泵浦光平均光斑半徑遠小於振西安理工大學碩士學位論文蕩光束腰半徑時，激光輸出功率的自然指數與泵浦光焦斑的縱向位置成高斯變化規律，測量范圍和靈敏度依賴于泵浦功率，隨著泵浦功率的增加，測量范圍擴大，靈敏度提高，當端面泵浦功率為7 . 24w （最大輸出功率為1 . 926w ）時，激光位移傳感器的測量范圍和靈敏度分別是13 . 045mm和0 . 148mw / pm 。
  9. The paper consists of the following 4 parts : major contents of part one include the origin and evolution of geopolitics, while focus is laid on discussing the " marine rights theory " claimed by alfred thayer mahan, the " land rights theory " put forward by halford john mackinder and the " marginal zone theory " proposed by nicholas j. spykman, all of which had exerted far - reaching influences on the u. s. administration in making its realistic diplomatic policies. in part two, the paper expounds the geopolitics strategies respectively adopted by the united states and vietnam in the 1949 - 1954 period

    本文以社會主義市場化進程中的時代課題? ?效率與公平的關系問題為研究對象，以馬克思主義的基本方法為出發點，旨在闡明公平與效率的定位：效率指向經濟學稀缺，公平則指向社會秩序，在馬克思經濟學中反映為生產力與生產關系（及其所決定的上層建築）的相互關系；在西方經濟學中反映為經濟學稀缺約束下的資源配置效率與社會資源平均化程度的關系。
  10. It shows that the method suggested in the paper is simple, applicable for engineering and has good precision. on the bases of the formulas deduced, and combining with relative test datas, it studies in the paper several factors influencing the bearing performance of the simple beams, such as shape of the external tendons, the equal moment segment length, span - to - depth ratio of the beam, valid initial prestress of the external tendons, area of the internal tension reinforcement, strength of the concrete, vertical distance between

    在公式推導的基礎上，結合相關試驗資料，研究了體外筋的形狀、等彎矩區長度、梁跨高比、有效張拉預應力、體內受拉筋配筋率、混凝土強度、錨固點到樑上邊緣在垂直方向上的距離、體外預應力筋水平段長度（雙折線型體外筋的情況）以及荷載類型等對體外預應力混凝土簡支梁受力性能的影響。
  11. Taiwan biotech was able to implement asuccessful diversification of its product line. the company also experienced significant improvements in its management systems and operational efficiency. as a result, not only did taiwan biotech achieve major breakthroughs in r d, it was able to complete production process development for three generic drugs within two years, allowing the company to move successfully into international markets

    初期佑益生技的原料藥生產集中於抗生素，在張副總的專業考量下，基於市場考量，佑益生技在研發方向作了大幅的修正，朝相對競爭性較小的非抗生素領域發展，並進行產品多樣化發展此外張副總更在制度管理和執行效率上進行改善，致使益佑生技在原料藥的技術研發方面有重大突破，在兩年內完成三種generic原料藥產品的製程開發，面向國際市場。
  12. To improve the efficiency of solution, the solution method to determine the cavitation range of blade is carried out for each chordwise string, the interaction between strings is included by spanwise iterative procedure

    為了提高求解效率，本文在確定螺旋槳槳葉上空泡范圍時採用的求解方法是針對每一個弦向「條帶」進行的， 「條帶」之間的相互影響通過沿槳葉展向的迭代考慮。
  13. With fast development of our country " s gas industry and air ' s increasingly serious contamination in city, using gas instead of coal and supplying energy in high efficiency and cleanliness has become necessary way in city. there are different problems in the current heating ( air conditioning ) systems. in the cogeneration system, heat and power affect each other, heating - pump heating ( aie conditioning ) system can not satisfy the peak load very well, the cost of gas fuel in boilor heating sestem is so high. the high generating efficiency of the diesel - engine two - sourse heating ( air conditioning ) systems is limited in range of 100kw - 1000kw, the heating scope is so limited. combined cycle of two sourse heating ( air conditioning ) system is most suitable selection to buesness community with big scope my paper aim at this syetem ' s primary question when it is applied in our country - - - - bringing project into execution and technology economy feasibility and off - design performence, combined with a certain demonstrating project in beijing buesness community, going along with calculating and analyzing, drawing out some efficient datas and conclusions, based on this, bringing out primary alements affecting combined cycle of two sourse heating ( air conditioning ) system " economics

    熱電聯產系統熱電相互牽連，熱泵供暖（空調）系統不容易很好地滿足尖峰負荷，鍋爐供暖系統供熱中天然氣燃料構成的成本過高，內燃機雙源供暖（空調）系統的高發電效率僅限於100kw - 1000kw負荷范圍，供熱面積有限。對于大面積的商業園區、居民小區，燃燒天然氣的燃氣-蒸汽聯合循環雙源供暖（空調）系統是最佳選擇之一。本論文針對該系統在我國應用時的主要問題- - -方案的技術實施與技術經濟可行性，結合北京某一商業園區示範工程，進行了系統的計算與分析，得到了有效的數據與結論，在此基礎上，提出影響聯合循環雙源供暖（空調）系統經濟性的主要因素，並進行敏感性分析，得出有益的結論；最後通過各種供暖方案的比較分析回答了某些人對該系統的疑慮和不解，並指出系統的優化方向。
  14. In order to analysis the paleo - current effectively on the conglomerate, i proposed a method that can be carried out by orthogonal photo in field and statistic analysis at room. it has been improved to be efficient and veracity, especially for the case that the states of gravels can not be measured directly

    為了更有效的分析古流向，對礫巖發育地層，提出了野外正射投影照相?室內統計計算的方法，該方法能提高工作效率及分析準確性，尤其適用於野外不易直接測量產狀的細礫巖層。
  15. There are 3 characteristics difference form other thesis : the first is quoting many practical examples and demonstrations ; the second is giving emphasis to the problems in the management behavior, and the third is posing some new ideas : establish economy incentive system alluding to the principle of the efficiencies and justice ", the transition of entrepreneur market contraction incentive system from " administrator " to " economist ", and make the incentive system push on

    本文同其它研究國有企業管理的文章相比有以下幾個特點：一是注重引用實證材料，突出實證分析；二是突出對管理行為本身問題的分析，而不是單純地剖析管理過程中的問題：三是提出了一些有新意的觀點，諸如按照效率優先兼顧公平原則建立新的經濟激勵機制，確立由「行政人」向「經濟人」轉變的企業家市場化的激勵機制，使激勵機制向著市場化和法制化的方向推進。
  16. A virtual cathode oscillator with an axially extracted te10 or te11 mode has been investigated using the pic code. it can emit microwaves axially through an antenna without mode converter or transition waveguide, making the system more simple and compact. the efficiency of this device can be enhanced by employing premodulation cavity, resonant cavity, feedback mechanism, and virtual cathode formed by two electron beams

    本文利用物理分析和粒子模擬的方法研究了軸向提取te10 / te11模虛陰極振蕩器，結果表明通過引入預調制腔、諧振腔、反饋端面、雙電子束陰極等結構，可以實現結構相對緊湊、束波轉換效率較高的軸向提取虛陰極振蕩器。
  17. Secondllv in the 1 d random traffic flow model. the relation function between the correlation and the creation. disappearance. brake probabilities of the vehicles is presented. according to the statistical mechanical approach to the spatial correlation functions. the theoretical results agree with that of the computer simulation. thirdh. based on the bml model. a main - road traffic flow model with two speeds on two dimensions is designed. this model simulate the traffic situation of one main road and several branches in the cit traffic lights placed on the crossing. vehicles breaking ~ vhile running and turning to other direction while jamming. we investigate the ~ ' e1ocitv and flo ~ ~ of the model when the initial densitvthe brake and turning probabilities. the green to signal rati3. thc number of the branches and the period of the signal are changed. then the reasons causing all the kinds of phenomena are analvzed. finallv. we simulate the bml model using the method of lattice boltzmann which ~ vas brought out by liu mu - renand obtain the velocity - density graph similar to the previous result. the upper critical densiw above which there are oniv jamming configurations. and the lo ~ ver critical density below which there are only moving configurations are the same as before. the boltzmann function which is on the lattices shows the moving and jaxmning transition obviouslv. thus it proves the possibilit of this method on the traffic research

    接著，建立了和研究了二維二速的主幹道模型，該模型模擬了城市交通中一條主幹道，多條支道的交通情況，在幹道與支道的交叉路口設置紅綠燈，車輛在運行中可以有對突發事件發生反應的剎車，在發生堵塞時，路口的車輛可考慮通過轉向來緩解交通等各種實際情況的發生，給出了車輛演化的演化方程，並通過計算機模擬，研究模型在改變車輛的初始密度、剎車概率、轉向概率、支道數、紅綠燈信號的綠信比、紅綠燈信號周期等各種情況下支、主幹道車輛的速度、流量的變化，並分析在各種情況下交通狀況的成因，提出改善交通的有效措施。最後，在劉慕仁提出的用格子boltzmann方法研究一維決定論交通流的思路下，將此法推廣到對二維bml模型的模擬上，得到了與用以往方法的研究結果相類似的速度-密度圖線，且車輛從運動相到堵塞相轉變的上下臨界密度是一致的，同時分別給出車輛在處于暢通相和堵塞相時， boltzmann函數在格子上的分佈情況，進一步驗證了此法的可行性。
  18. Through the study of the establishment of is09001 quality management system and implementation of is09004 in zhuzhou cemented carbide group ltd., we can get the following conclusion : by the development of is09001 quality management system, the companies can solve the problems they had met in the quality management ; quality management of the organizations can be improved ; a good base will be built for the continual improvement. by the implement of is09004 standard, the companies can study the efficiency, interested parties, quality cost, self - classification and systems compatibility, which result in continual performance improvement. the eight quality management principles should become a part of the company culture, which lead the organizations to the perfect management model

    本文通過對株洲硬質合金集團iso9001質量管理體系建立過程的控制方法和iso9004標準實施方法的分析，指出企業可以通過正確地實施iso9001質量管理體系標準，初步解決組織原來存在的質量管理問題，提高企業的質量管理水平，並建立一個較好的質量管理平臺，為質量管理體系的持續改進奠定良好的基礎；指出企業可以通過在iso9001質量管理體系的基礎上應用iso9004標準，開展效率、相關方、質量成本、自我評定和體系兼容工作，持續改進組織的整體績效；指出企業可以通過對八項質量管理原則的學習和應用，使之成為企業文化的一個組成部分，指導組織向卓越管理模式前進。
  19. About system of supervision organizations, on the basis of dialectical law of regulation - - - innovation - - - regulation, function - based financial supervision system should be built up and the national financial supervision bureau should be set up to regulate financial trade uniformly and solve the problem of supervising financial innovations. what " more, we should build up such a cubical financial supervision organization system that integrate the financial authority " supervision with financial trade self - discipline, social supervision and discipline of inner financial institutions. at the same time, we should organically integrate stability and flexibility of financial supervision law, change legal system of financial supervision in line with provisions of wto

    在立法價值取向上，應當重視金融監管法的效率價值，以維護金融秩序作為基本價值目標，在具體操作上重點突出促進金融業公平競爭、提升金融運行效率兩個價值目標，並保持各目標之間的平衡與協調；在監管體制上，根據「監管? ?創新? ?再監管」的辯證規律，建立功能型金融監管體制，成立銀行業監督管理委員會，組建國家金融監管局對金融業實行統一監管，妥善解決混業經營模式下金融創新的監管問題，形成國家管理機關監管、行業自律、金融機構自律和社會監督相結合的立體的金融監管組織體系；在監管法律體繫上，應有機結合金融監管法的穩定性和靈活性，按wto的要求變革金融監管法律制度，修改《商業銀行法》 、 《保險法》 、 《證券法》及其他不適應混業經營的法律、法規，建立健全有關金融控股公司、網路銀行等方面的法律、法規。
  20. On the other side, through the multi - aspects of research and the experience both from china and abroad on m & a, the article also clarifies its view on the efficiency theory, agency theory, transaction charges theory, value understatement theory, marketing influence theory and wealth reallocation theory. it also gives an explanation on the primitive motive on m & a, i. e. pursuing maximum profit and minimum competitive pressure, which, at the same time, generates the relevant effects : finance synergy, management synergy, market share effect, enterprise development effect, and strategy transit effect. the detail planning of a m & a strategy according to the relevant m & a motive is of critical importance to the success of a m & a operation

    企業並購從橫向並購、縱向並購、發展到混合併購，反映了企業並購的發展過程；從多種角度對企業並購加以研究，並結合國內外企業並購的實際，闡述了企業並購的效率理論、代理理論、交易費用理論、價值低估理論、市場勢力理論、財富再分配理論；分析了企業並購的原始動因? ?追求高額利潤與減少競爭壓力，並由此產生的效應? ?財務協同效應、管理協同效應、市場份額效應、企業發展效應、戰略轉移效應；根據企業並購的動機，謹慎規劃企業並購戰略，對企業並購成功至關重要，可以採用中心多角化戰略、復合多角化戰略、垂直式整合戰略、水平式整合戰略來規劃企業並購；採用一個合適的方法對目標企業進行價值評估是企業並購中一個重要環節，正確評估目標企業的價值，使交易價格相對公正合理，並能提高交易成功率，避免決策失誤；確定企業並購價值后，採用一個合理的支付方式，就完成了企業並購的最後工作。
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