股本融資 的英文怎麼說

中文拼音 [gǔběnróngzī]
股本融資 英文
equity financing
  • 股 : Ⅰ名詞1 （大腿） thigh; haunches 2 （機關、企業、團體中的組織單位） section of an office or enterp...
  • 本 : i 名詞1 （草木的莖或根）stem or root of plants 2 （事物的根源）foundation; origin; basis 3 （本錢...
  • 融 : Ⅰ動詞1 （融化） melt; thaw 2 （融合; 調和） blend; fuse; be in harmony Ⅱ形容詞[書面語]1 （長遠; ...
  • 資 : Ⅰ名詞1 （錢財; 費用） money; wealth; expenses 2 （資質） intelligence; endowment 3 （資格） quali...
  • 股本 : capital stock; capital; stock; equity股本比率 ratio of capital stock; 股本持有比例 capital shares...
  • 融資 : finance
  1. 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。
  2. As human society entered a society of mass production in the period, business and capital expansion of the size of the problem of insufficient demand increasingly prominent, and therefore have a stake in the company form, the shareholders of enterprises co - financed organizations ; shares of the changes and development company had a stock form of financing activities ; equity financing to the development of the transaction needs ; demand for trading in shares of the stock market contributed to the formation and development ; but ultimately the development of the stock market and promote the share financing activities and joint - stock companies and improve the development

    隨著人類社會進入了社會化大生產的時期，企業經營規模擴大與資本需求不足的矛盾日益突出，於是產生了以股份公司形態出現的，股東共同出資經營的企業組織；股份公司的變化和發展產生了股票形態的融資活動；股票融資的發展產生了股票交易的需求；股票的交易需求促成了股票市場的形成和發展；而股票市場的發展最終又促進了股票融資活動和股份公司的完善和發展。
  3. 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。
  4. Chapter ii reviews theories which has existed on corporate capital structure and corporate financial decisions, for example, static tradeoff theory, pecking order theory, and agent - principal theory. these views agree on that corporate financing order should be debt financing first, then equity financing

    已有企業資本結構和融資理論，無論是靜態平衡理論，委託代理理論，還是啄食順序理論都認為：企業外部融資時應首先選擇債權融資后選擇股權融資。
  5. The chapter 1 of this text make brief introduction of medium and small sized enterprises developping condition in our country, combining to analysis financing predicament of medium and small sized enterprises, point expatiate the problem of medium and small sized enterprises in our country, main proceeds with two aspects of direct financing and indirect financing elucidation : the mortgage guarantee loan to medium and small sized enterprises procedure complicacy, limit numerous, financing institution business operating of mechanism system restrict the credit input to the medium and small sized enterprises ; the medium and small sized enterprises lack the channel and place to < wp = 7 > proceeding ownership of a share in direct financing, lack bond financing credit, did not become the diverse capital market and so forth of a series of problem

    本文第一章對我國中小企業發展狀況作了簡單介紹，並對我國中小企業融資困境進行了分析，重點闡述了我國中小企業融資中存在的問題，主要從間接融資和直接融資兩個方面進行說明：中小企業抵押擔保貸款程序復雜，限制繁多，金融機構商業化的經營機制制約了對中小企業的信貸投入；中小企業在直接融資中缺乏進行股權融資的渠道和場所，債券融資資信不足，未形成多樣化的資本市場等一系列問題。 < wp = 5 >本文第二章說明我國中小企業可以吸取國外的先進經驗，採取融資租賃的方式緩解中小企業融資難的問題。
  6. 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。
  7. Part 4 is the empirical analysis to chinese listed companies " financings behavior. reaching for the company ' s financing structural analysis of the developed country, making the conclusion : profit financing ratio is the highest financing, bank loan is the most important way in the external financing, final just selecting equity financing, analyzing to the financing structure of chinese listed companies, the listed company ' s financing

    第四部分我國上市公司融資行為的實證分析這部分包括第四章是本文的另?個重點，先對發達國家公司融資結構分析，發達國家公司融資順序為:留存收益比率最高，銀行貸款是最重要的外部融資方式，最後才』選擇股權融資。
  8. Now, the questions of financing conduction, such as financing too much and having partiality greatly for financing, have hold the developing of listed companies. it is urgent to perfect the financing conduction. this paper probes into relevant theory about financing and puts forward some measures which regulate and perfect the financing conduction, directed by the theory of managing financial affairs, using the study of positive research and international comparison, the means of quantitative and qualitative analysis

    本文從融資的一般理論入手，以理財學為理論指導，藉助相關學科的理論知識，採用定量與定性相結合、理論與實證相結合、國際比較等方法，結合我國的實際情況，系統而詳細地對我國上市公司的惡意融資行為和股權融資偏好進行了分析，提出完善上市公司融資行為的對策，並對我國上市公司融資的趨勢進行展望。
  9. Now, in our country, many listed companies prefer to equity financing, which is partly caused by the fact that corporation bonds are of low expectancy of gains and high expectancy of bankruptcy cost in our stock market

    股權融資事實上的低成本使得我國上市公司普遍偏好股權融資，而公司債券的低收益預期和高預期破產成本以及普遍存在的投機心理是我國證券市場上投資者選擇股票投資的重要原因。
  10. Indeed, research shows that the more money is raised by private - equity funds in any year, the lower returns tend to be

    的確有調查表明，私募股本融集資金越多的年份，回報率也傾向于越低。
  11. There are a lot of conclusions yet in debt financing and stock financing : for example debt financing is superior to stock financing because of the existence of tax shield and risk premium, but obviously many this kind of conclusions are overthrown during our country ' s economical operation

    債權與股權融資本來已經有許多結論：如由於稅盾與風險貼水，債務融資優于股票融資；融資順序理論等。但顯然在我國經濟運行中許多這種結論被否定，好像是出現了無效率。
  12. It holds that preference of stock financing does not help to lower financing cost, exploit financial leverage, and reasonably allocate social resources

    認為過于偏好股權融資不利於降低上市公司的融資成本和發揮財務杠桿作用，不利於社會資源的合理配置。
  13. Hence the author suggests that the company decentralizes its equity to big proportions, promotes the circulation of its property right and increases debt capital for its sustainable, fast and healthy development

    因此，促進企業產權流通和股權合理配置、提高負債資本與內源性資本融資規模，將有助於該公司資本融資結構更加優化，從而保持其持續、快速、健康發展。
  14. This paper makes an statistical analysis on the rate of every financing amount to overall capital source of chinese listed companies from year 1993 to 2000 and draws the characteristic of the financing order of chinese listed companies : the financing order is stock financing - bank loan - internal financing - bond financing from 1993 to 1997 soon after stock market was set up in china ; affected by various kinds of economic policies and other factors, the financing order is bank loan - stock financing - internal financing - bond financing after 19 98. the conclusion is reverse to the " pecking order theory " and that of the companies in developed countries, namely ignoring internal financing and having a partiality for stock financing, extremely with the disgust to debt financing

    本文通過對我國上市公司1993年至2000年資金來源總體情況和和各年各融資方式所佔比重的統計分析，得出我國上市公司融資順序的特徵：我國上市公司在股市建立不久的1993年至1997年其融資順序為股票融資?銀行貸款?內部積累?債券融資， 1998年以後受各種經濟政策和制度因素的影響其融資順序為銀行貸款?股票融資?內部積累?債券融資。說明我國上市公司在融資過程中表現出與西方經典「融資順序理論」 （ peckingordertheory ）以及發達國家上市公司融資順序相異的「融資偏好悖論」 ，即忽視內部融資，對股權融資極度偏好和對債務融資的厭惡。
  15. It ' s necessary to raise the cost of the stock financing to balance the cost of all kinds of financing channel so as to optimize the financing structure of the listed companies in our country. sixth, the relationship between financing structure and the change direction of performance has been empirical proved to be accord with the financing order theory of western countries

    6 、我國上市公司融資結構與業績變化的關系符合西方融資順序理論，理性的融資結構應該以內源融資一一債務融資?股權融資為順序，但實際情況卻是相反，並使得上市公司資金使用效率低下，業績總體上不斷下降，資本市場的資源配置功能沒能有效發揮。
  16. However, their views scattered in a variety of papers and magazines, and mostly eyes on a special aspect, lacking of a systematic study of the entire market. it ' s a systematic project to develop the bond market that need consider all kinds of problem during the process of development. so to study the bond market from extensive aspects means we need start from the basic theory to mechanism and find out the ways to solve the problem at last

    本章以企業、銀行、債券和股票投資者都是理性的「經濟人」 ，企業完全按照市場成本收益原則選擇融資方式，同時政府對企業融資方式選擇的干預是中性為假設前提，對企業在不同發展階段的融資偏好進行簡要論述，再詳細比較分析了企業在面臨債務融資與股權融資，債務融資中的企業債券融資和銀行貸款時的選擇。
  17. This paper analysis the reason in the level of cost and rules, build a model to test the financing cost of capital of listed companies, compare of the cost of equity financing and debt financing directly, prove the cost of equity financing is lower than debt financing in current period. because equity financing should be improving the capital structure of china ' s listed companies, equity financing is the first choice to the listed companies, another reason of the choice is the risk aversion of the manager to the hard constrained control of debt financing, but the soft constrained control of equity financing, hence the intensity of the equity financing

    本文從成本和制度層面對上市公司股權融資偏好的原因進行分析，建立了我國上市公司的融資資本成本核算模型，直觀地比較了股權融資及債權融資的成本，證明在我國現階段股權融資的成本更低，而且由於股權融資可以明顯改善公司資本結構，所以中國上市公司的股權融資偏好是其理性選擇，另外我國上市公司的經營管理層厭惡債權融資還本付息的硬約束，更傾向于股權融資的軟約束，也加強了股權融資偏好的強度。
  18. In this paper we continue to analyze the characteristic of our capital market and find out that our capital market has structure shortage of disequilibrium of stock market and bond market, and the internal structure shortage of disequilibrium of the stock market and bond market

    本文繼續分析了我國證券市場的特徵，認為結構性制度缺陷表現為股票市場與債券市場的非均衡、股票市場與債券市場內部的結構性缺陷，成為我國上市公司股權融資偏好的外在因素。
  19. And banks should not, by their nature, be significant suppliers of equity capital, although some set up subsidiaries for that purpose. what are the alternatives

    此外，盡管有些銀行設有附屬機構，專門為企業提供股本資金，但以銀行的業務性質而言，它們其實都不應作為股本融資的主力。
  20. The ways of lowering listed companies ' fiancing cost

    如何真正降低上市公司股權融資成本
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