面值證券 的英文怎麼說
中文拼音 [miànzhízhèngquàn]
面值證券
英文
face amount certificate-
Furthermore, our legal institution for acquisition of listing company also has many shortcomings : its specific rules are not detailed enough, its logic is not strict, its inclination of value often self - contradict, its content is not integrated, the corporation law and securities law have n ' t supported it sufficiently, and the particularity of state - owned capital makes it unsuitable to the international consuetude
同時，上市公司收購的法律制度也很不成熟：微觀層面上具體規則不夠詳盡、可行性差，中觀層面上內在邏輯不嚴密、價值取向不清晰、內容不完整，宏觀層面上公司法與證券法體系未能提供足夠制度背景、特殊國有資產關系的介入又不符合國際慣常做法。The foreign enterprise chosen is charles schwab, a famous online investment bank in usa and a doubtless model of electronizinig. our traditonal enterprises can learn much from charles schwab. this dissertation analyzed the electronizing moves it has taken in detail and the reason why it succeeded from 5 aspects, such as its management paid high recognition on internet and other information technologies, and implemented foresighted technology - development strategy
國外案例選擇美國網上證券銀行嘉信理財，嘉信理財堪稱e化轉型的典範，它的一些做法對我國傳統企業有很大的借鑒和啟發價值，本文較詳盡地分析了嘉信理財的各種e化舉措，從決策層對科技與網路應用的高度重視和執行具前瞻性的科技發展策略等5方面探討其成功原因。So we consider five financial indexes includes stock b / p, e / p, current stock size, current stock stru and financial levge by the international tradition, then descriptive statistical test method and cross section statistical test method proved that b / p and current stock size have marked effect on the securities yield besides coefficient b. in the third chapter, the article fut forward a risk factor model, estimates yield sequences of every risk factor by weight regression, and then estimates each risk factor coefficient of different stock by time sequence regression, at last we can reckon the portfolio risk o2p and yield rp which consists n stocks
結合國際慣例，文章考慮了股票的凈值市價比（ b p ） ，市盈率倒數（ e p ） ，流通規模（ size ） ，流通比例（ stru ）和財務杠桿（ levge ）等五個財務指標，應用描述性統計檢驗和橫截面統計檢驗等多種方法，結果表明，除系數以外，凈值市價比（ b p ）和流通規模（ size ）對證券收益率部有重要的影響。在論文的第三章，提出了一個基於多因素的風險因子模型，並用加權回歸和時間序列回歸等方法估計出了不同證券的各風險因子系數（類似於單指數模型中的系數） ，據此，即可衡量出一個包括n只股票的組合的風險_ p ~ 2和收益率r _ p 。This article based on local and foreign scholar ' s studies on earnings announcement and value / glamour stock, creates and uses the variable of different p / e to define the relative level of market, and chooses earnings announcement as the even for analyzing the market response to good and bad earnings announcement
本文在總結國內外學者關于盈利信息及價值股和魅力股的研究基礎上，採用事件研究法，選取盈利信息公布作為反應事件，運用相對市盈率劃分不同的市場狀態，針對我國證券市場在盈利信息公布的反應方面做了系統的分析。An increase in the market value of a security is a paper profit until the security is accurately sold at a profit
在一種證券真正以贏利出售前，它的市場價值的增長都只是帳面利潤。There are trust certificates with a par value of $ 100 each.
這些是每張票面價值100美元的托拉斯證券。China life ' s shares trade for eight times book, or more, depending on the share class used
中國人壽的交易價格，是帳面價值的八倍，甚至更多（不同的證券交易所股價有所差別） 。In this article, firstly the background of the textile trade conflicts within sino - us or sino - euro are introduced, thus learn that how to discern and dodge the foreign trade risks, how to choose the appropriate investment projects have already become one of the most important questions for exporting companies on foreign trade affairs well - known as high investment and high risk. so the main text makes a risk analysis qualitatively and quantitatively on a textile - exporting trading company from three angles of statistic 、 game theory and portfolio theory, which is the main content that we studied. firstly, the statistic article adopts data of the transaction closing price of the textile clothing index in shenzhen stock exchange at the end of each quarter as well as several other kinds of data reflecting the macro - economic changes, performs an empirical analysis of these data according to the theory of co - integration test 、 granger cause test and impulse response function of time series in economitric, and learn that the impact to ti is more obvious by the economic index reflecting local commodity price level and economic prosperity degree home and abroad, as well as the impact degree and the time lag degree, and knows the macro - economic risks faced by textile business enterprises ; after that by the game theory angle we analyze exactly the managing risks faced by one textile export corporation named beauty. from the game expansion chart the system arrangement between censor ways by exportation goal countries and exporting strategies by the exporting enterprises has been analyzed. involving the benefit assignment between them both the limited rounds and infinite rounds negotiations of cooperation games have been studied, and then country responsibility and the enterprise managing risks on foreign trade affairs and so on have been analyzed exactly ; in order to realize the investment multiplication in the certain degree to disperse the risk, the
本文首先介紹了中美、中歐紡織品貿易爭端的來龍去脈，由此可知在涉外貿易這種以高投入、高風險著稱的行業里，如何甄別和規避外貿風險、如何選擇合適的投資項目已經成為外貿企業的首要問題。因此，正文分別從統計學、博弈論和投資組合三種角度對涉外紡織品貿易公司風險進行了定性和定量的分析，這也是本文的主要研究內容。首先，統計學篇選取了深圳證券交易所行業分類指數?紡織服裝指數（ ti ）每一季度末的交易收盤價和若干種反映宏觀經濟變化的指標，利用計量經濟學中時間序列的協整檢驗、 granger因果檢驗和脈沖反應函數等理論做實證分析，從而得知反映國內物價水平和國內外經濟景氣程度的經濟指標對紡織板塊上市值的沖擊比較明顯，且可知沖擊程度和時滯度，進而分析出涉外紡織企業所面臨的宏觀經濟風險;接著，從博弈論的角度具體分析一家紡織品出口公司（ beauty ）的外貿活動所面臨的各種經營風險，該篇從博弈擴展圖入手，分析了出口目的國審查方式與本企業出口策略之間的制度安排;並圍繞雙方的利益分配，研究了有限回合和無限回合合作談判博弈，然後具體論述了國家責任和企業涉外經營風險等問題;在一定程度上為了實現投資多元化來分散風險的目的，投資組合篇從經典的markowitz模型著手，在一些特定條件的限制下，給出了一個相應的投資組合模型。This approach is adopted by the american laws when dealing with " unorthodox transactions " and according to this approach, the insider ' s possibility to make use of the inside information should be taken into consideration. as for the enforcement of the disgorgement, this paper comes up with the following suggestions. first, besides the board of directors, the supervisory board should also be entitled to enforce it in certain circumstances
在歸入權的行使方面，除董事會可以行使外，應賦予監事會在一定場合可以代表公司行使歸入權的權利；股東的代位訴訟權利也有待補充規定；賦予中國證券監督管理委員會查處內部人短線交易的權力也是一種值得考慮的思路；歸入權的行使期間需要立法上的補充規定；法律還應就短線交易利益的計算方法作出明確規定， 「最高賣價減最低買價法」值得肯定。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。The icac charged a us businessman and a german lawyer with conspiracy to utter fake us valuable securities with a total face value of us 148 billion to obtain credit facilities from local banks. the duo were among five persons arrested in an icac operation
廉政公署落案起訴一名美籍商人及一名德國籍律師，指他們串謀行使偽造面值合共一千四百八十億美元的偽造有價證券，向本港銀行申請信貸。Have net worth per share of not less than par value, as shown in the latest cpa - audited and certified financial report, and financial condition meeting the requirements of the regulations governing securities firms
一、最近期經會計師查核簽證之財務報告每股凈值不低於票面金額，且財務狀況符合證券商管理規則之規定。In the most recent financial report audited and certified by a certified public accountant ( cpa ), its net worth per share is not lower than par value, and its financial condition is in compliance with the regulations governing securities firms
一、最近期經會計師查核簽證之財務報告每股凈值不低於票面金額，且財務狀況符合證券商管理規則之規定。Publicly traded long - term debt securities, issued by corporations and governments, whereby t che issuer agrees 8601759 to pay a fixed aunt of interest over a specified fb period of time and to repay a fixed amount of principal at maturity
公開交易之債務證券，一般由大型企業及政府發行，在發售債券日起至到期日期間必須定期繳付票息，並於到期日退回票面值，以抵償債券持有人之本金。The thesis defines the concept of asset securitization, expounds characteristic and the condition to use. analyses the relationship between the choice of financing tool and the firm value, express max firm value is a good standard to weigh the tool. then, through the ri model and finance theory, the thesis explains the motivations of asset securitization, demonstrates the influence effect on firm value by qualitative and quantitative analysis of cost - benefit of corporate asset securitization, and discusses the role of asset securitization to solve corporate financing puzzle and the future of asset securitization in our country
本文首先提出我國企業面臨的融資困境的實質是企業資本結構的不合理以及融資渠道單一影響的，即融資工具不能實現企業價值最大化;在對資產證券化的概念進行界定后，闡述了關于資產證券化的特徵，明確了資產證券化的特點和使用條件;分析了資產證券化工具的選擇與企業價值之間的關系，提出了企業價值最大化是衡量企業融資工具選擇是否合理的標準，為企業通過資產證券化融資提升企業價值提供了理論準備;然後，運用現代財務理論和剩餘收益模型，通過對我國企業資產證券化的實踐進行成本收益的定性和定量的效果分析，論證企業資產證券化對企業價值的影響效果;最後論述了我國實施資產證券化的現狀和未來發展，並且對我國實施資產證券化的具體方式提出了新的構想。The text use the reference of the foreign country ' s financial evaluation theory, discuss four methods of the evaluation, and discuss the advantage and disadvantages of the methods one by one. understand the meanings of the corporation value and maximize it, understand the significance of the maximize the value of corporation which use as the financial aim, and use it to the financial decision - making
本文通過借鑒國外財務估價理論，初步探討了企業價值評估的四種方法? ?以資產負債表為基礎的賬面價值估價法、比較估價法、加總公司發行在外的各種證券的市場價值評估法、折現現金流量估價法，並分別討論其適用性和局限性，真正理解企業價值及其最大化的含義，明確了企業價值最大化作為財務目標函數的學科意義，並運用到企業的財務決策中去。Originated from the evolution in the realm of economic epistemology and methodology, the author provides with several main incentives to explain the phenomenon. part two : this part is mainly about the institutional research. centered on the essence of asset securitization, the author analyses why this financing method should be introduced into china and how it can be operated smoothly
文章第三部分試圖進行理論層面的深入研究：以知識經濟時代經濟學認識論、方法論的演變為根源，從制度創新的功能驅動機制和金融工程學的價值發現機制等幾方面總結了資產證券化的主要動因，並適當結合了制度經濟學、經濟哲學等學科的思想，力求體現經濟學、管理學和金融學在理論分析中的融合與相互借鑒。The risk estimation of the exposure to market risks as the risk - management ' s core, there are many risk - management models of estimating the risk of financial markets, in this paper, the author first analyses the characteristics of the current financial market risks, then makes a comprehensive systematic analysis and estimation of all kinds of risks present in financial market with the help of var ( value at risk ), a world - wide valuably and widely accepted brand - new risk management tools. finally, a substantive suggestion about the applications of var models to the financial markets risk management of our country is provided on the basis of the detailed analysis of the calculation of all kinds of var models, along with their advantages and disadvantages and also the applications. with the development and betterment of our country ' s security markets, the entry into wto and openness of financial market, financial product innovation and extensions of traditional bank off - balance business, the augmentation of market risks will surely lead to risk management innovation and identity to international standards. therefore, the research of financial market risk management signifies a lot not only in a realistic sense, also in a guideline sense. this is just where this paper aims
針對金融市場風險管理的核心主要是對風險的測量，本文先分析了當前金融市場風險的特點，然後應用近年來在國際上受到廣泛重視並開始為大家所接受的一種全新的風險管理工具? 「在險價值」 （ valueatrisk ） var的基本思想，全面、系統地分析和測量了金融市場所存在的各種風險，並對各種var基本模型的計算、優缺點及應用作了詳細分析，最後對var模型在我國金融市場風險管理的應用提出了實質性的建議。隨著我國證券市場的發展壯大和不斷完善，及加入wto和金融市場的開放，金融產品的創新及傳統銀行表外業務的不斷拓寬，市場風險的加大必將帶來風險管理的創新並同國際接軌。所以金融市場風險管理的研究不僅具有現實意義，更具有指導意義實，這也是論文的出發點所在。Firstly, the author evaluated the fund through the technology and tested it with examples. basted on the capital asset pricing model and the theory of portfolio, the paper used the ratio of profit according time to evaluate the profit ; used the a and 3 to evaluate the risk ; used the sp, tp, a p to evaluate the profit according to the risk ; used the ability of liquid and so on to evaluate the fund portfolio. otherwise, the author corrected the asset of fund according to the specialty of our country
技術面評價以證券投資組合理論和資本資產定價模型為基礎，運用時間加權收益率對基金收益進行評價；運用系數、系數對基金風險進行評價；運用夏普指數、特雷納指數、詹森指數、積極投資效率指數對基金進行收益和風險配比評價；運用基金平均市盈率、股票集中度、股票日換手率、基金流動性和基金平均漲幅對基金進行組合質量評價；並根據我國股市的特點對基金凈值進行修正計算，對基金實際價值進行評估。First, capital, the most important production element requires its greatest value to be realized. second, through international securities investment, the risk of investment is greatly decreased. third, the " two financial theories " serves as the theoretical foundation for the opening up of sm in developing countries
之所以國際化會發生，這一方面是因為資本作為一種最重要的生產要素要求實現價值最大化；其次是國際證券投資可以大大降低投資風險；最後是「金融二論」也成為發展中國家對外開放證券市場的理論依據。分享友人