cash flow effect 中文意思是什麼
cash flow effect
解釋
內部資金效應-
The key tasks of this paper mainly include : ( 1 ) puting forward the emphases and difficulties of enterprise m & a decision, and holding that decision - makers should make decision according to the principle of value creation ; ( 2 ) setting up estimation model of value creation in m & a, including synergy effect model, m & a transaction and evaluation model, m & a net income model, etc. ; ( 3 ) explaining the application of virous valuation method and discussing how to choose proper valuation method in m & a decision ; ( 4 ) studying the valuation of synergy effect after calculating the independet value of both enterprises respectively before m & a and the combined enterprise after m & a by discount cash flow method ; ( 5 ) studying the valuation of the target enterprise ' s expected value, in which general target enterprises are valuated with several kinds of valuation techniques while high - tech target enterprises are valuated by option pricing model
在研究過程中，本文試圖運用價值評估技術，在並購決策中確立一套較為完整的價值分析方法，以使決策者有效的判斷並購能否創造價值，從而作出正確的並購決策。本文的核心工作主要包括： （ 1 ）提出了企業並購決策的重點與難點，認為決策者應根據價值創造原則進行並購決策。 （ 2 ）建立了並購創造價值的估測模型，具體包括協同效應模型、並購交易估價模型和並購凈收益模型。 -
But after the safety premium and after - tax cash flow advantage are considered, the explanation of the wealth transferring effect is enhanced. the above research does not consider the restriction of hard call requirement and soft call requirement on call behavior, and the call notice period is only analyzed with experiences. therefore, starting from the pricing model and after considering the restrictions of various convertible bonds contracts, this article proceeds to build a model based on binomial tree, calculate the value of convertible bonds using the numerical method of forward shooting grid and gain the operation principle of optimal call of corporations
上述的研究沒有考慮硬贖回要求和軟贖回要求對贖回行為的限製作用，對贖回通知期的考察也只是採取了一個經驗值來刻畫，因此本文接著從定價模型出發，在綜合考慮了各種可轉換債券合約對贖回行為的限制條款后，構建了一個基於二叉樹模型並應用向前網格射擊的數值方法來求解可轉換債券的價值，並推導出了公司的最優贖回運演算法則。 -
This has contractual effect through generation of formal invoices under the terms of the syngas supply agreement and supply of utilities and removal of waste by down stream organisation and marks the start of the generation of positive cash flow for the jv
根據合成氣供貨協議的有關條款，一旦製成正式貨單同時有關下游機構的公用設施和廢物處理配備工作完成後，本合同即具備法律效力，同時也標志合資企業開始正現金流量。 -
In the new product concept evaluation stage, the filtration method, which considers relative importance and effect of each factor of the multi - scheme, can be mainly adopted. in the new product technical evaluation stage, the ahp can be used to select the best new product design. in the new product launch stage, the methods such as the index evaluation, fuzzy comprehensive analysis, cash flow, finance analysis can be adopted in new product market opportunity select, market sale test evaluation and finance analysis
在新產品概念開發階段，主要運用多設想（或方案）加權評分法對新產品設想進行篩選；在新產品技術開發階段則主要是運用層次分析法對新產品總體性能進行評價，以選擇總體性能最優方案；在新產品商業開發階段，運用指標評價法、模糊綜合評價法、現金流量表和財務分析表對新產品市場機會、試銷結果、財務分析進行綜合評價，以達到新產品成功上市的目的。 -
Cash flow effect
現金流轉效應
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