stock owned 中文意思是什麼
stock owned
解釋
持有股票, 自有商品-
The point analyses the composition and efficancy of the structure of corporate governance with the modern administration theory. lt systematically sets forth and compares the features and development of the structure of the corporate governance in chinese and western. by analyzing the present situation of our listing companies, it points out : " the internal control " can be considered the inevitable phenomenon, emerged in the period from the socialism planned economy to the market economy in china ' s state - owned enterprises. by the means of gathering a vast amount of data and analying cases and charts, it gives the conclutions : because the enterprise inform is progressed " step by step ", the internal controlling in our country has assumed its own features : the enterprise is in the concussion between the " super - powerful controp ' of external and the " super - weakly control " in internal. those popular phenomenon have been looked as the principle manifestation of " the internal control " which taking the national stock as the ma in part and holding the post of chainman of the board and the chief manager in company to the same man
本文利用現代管理理論和現代企業理論來剖析公司治理結構的組成和效率體現，對中西方公司治理結構的特徵和歷史發展作了較系統的闡述和比較，並且運用大量的數據對我國上市公司治理結構進行了實證分析，指出： 「內部人控制」是在我國社會主義經濟向市場經濟轉軌時期，國有企業公司治理結構中出現的一種必然現象。本文在闡述公司治理結構特徵和功效的基礎上，通過大量數據的收集、案例分析和圖表處理來分析我國企業治理結構的歷史變遷並揭示出：由於我國企業改革是「漸進式」的， 「內部人控制」表現出其自身的特點：企業處于外部「超強控制」和「超弱控制」的兩極震蕩中。作為最具我國現代企業代表特徵的上市公司，因為以國家股為持股主體，董事長和總經理兩職兼任的現象甚為普遍而成為目前企業事實上的「內部人控制」的主要表現形式。 -
Through the analysis contrapose to the reason which causes the problem and commercial banks governing structure in different families of law, the article poses out ; establishing wide administrating right to corporation affairs by directorate, avoiding that state - owned stock holders intervene decision - making in the bank, reinforcing the benefit protection of stock - holders and others who are related to it, paying more attention to remold with commercial state banks board of supervisors by enlarging its authority, and perfecting its financial supervising and strengthen promoting system etc
通過對產生問題的原因和對兩大法系商業銀行治理結構的分析，本文提出：確立董事會對公司事務廣泛的管理權，防止國有控制股東干預銀行經營決策；加強對股東及利益相關者的利益保護；採取擴大監事會職權，完善監事會的財務監督和加強激勵機制等手段著重改造國有商業銀行的監事會。 -
As a kind of endogenic phenomenon of progressive reform, the reasons of financial dilemma lie in financial preference of nationalization and soft budget restriction of state - owned enterprises, asymmetric information and the rate which is not decided by market transaction, and the actual ownership - discrimination of stock market and bond market
作為漸進改革的一種內生現象，民營經濟的金融困境源於「國有化」金融偏好與國有企業預算軟約束，信息不對稱與利率非市場化，以及股票市場與債券市場事實上的「所有制」歧視。 -
At the same time, in order to get adapted to the market change, improve the competitiveness, reinforce the cohesiveness and maintain the upswing trend, cec should take effective measures, such as to accept new idea and develop the managers " awareness of competitiveness ; reform the selecting and appointing mechanism ; establish a sound compensation system ; improve consumption for the position ; break the dominance of state - owned shareholders on the stock market and improve corporate governance structure ; reinforce the financial supervision on the corporation ; make a full use of restraint effect of competitiveness and reputation mechanism ; build various " golden parachutes "
與此同時， cec在企業經營者激勵與約束方面應採取針對性的措施，通過轉變觀念，樹立市場經濟的競爭意識和產權意識；改革企業經營者的選拔任用方式，積極推進企業經營者管理的市場化進程、建立科學合理的薪酬體系、規范職位消費，實行職位消費貨幣化、調整股權結構，實現投資主體多元化，健全公司法人治理結構、加強企業財務監控和內部制度建設、充分發揮市場競爭機制和聲譽機制對企業經營者的激勵約束作用、設計各種形式的「金色降落傘」等措施的實施，適應市場變化，提高企業核心競爭力，增強企業的凝聚力，保持事業的長盛不衰。 -
In my paper, i make full use of the existed theoretic accomplishment of the reform of the state - owned enterprises and the practical experience of the reform of the small - middies enterprises, and this paper fully illustrates the connotation and task of the market - oriented reform of the enterprises and expounds the mutual relation between the socialism public - owned system and stock system from the dialectical relation between the content and form, and it also introduces the successful experience of the reform in changsha, and make a concrete illustration about how to set up and realize the scientific development ideology in our market - oriented reform
本文在論述過程中，充分參考借鑒了現有的關于國有企業改革的理論研究成果和長沙市國有中小企業改革的實踐經驗，對國有企業市場化改革的內涵以及任務作出了比較充分的說明，從內容與形式的辯證關系闡述了社會主義公有制與股份制之間的相互作用的關系，介紹了長沙市在改革中較為成功的經驗，對如何在改革中樹立和落實科學發展觀作出了較為具體的闡述。 -
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。 -
By analyzing and studying the theory and practice difficulties of implementing eso motivation in domestic enterprise, and referring the essential character of the enterprise, especially the state - owned ones, the study suggest that the key point of theory and practice of designing motivation mechanism is property right system which need to establish modern enterprise system based on perspicuity of property right, that the key joint of designing and implementing eso is setting up the reasonable examination system for solving both the lack of incentive and restrict, recommending eva method as the performance examination system, and that the considerable relation of present and further for operating eso is connecting the short term incentive coming from the enterprise with the long term motivation from stock market
分析和研究了中國企業實施期權激勵的理論與實施難點，結合我國企業特別是國有企業的本質特徵，提出了我國企業激勵機制設計的理論與實踐的結合點是產權制度，必須深化和加快建立以產權明晰為基礎的現代企業制度；指出了建立既解決激勵不足又完善約束機制的科學合理的考核制度是我國企業實行期權激勵的設計和實施的結合點，推薦採用經濟增加值法作為我國企業實行股票期權激勵的企業價值或業績考核體系；論述了改變公司經營者報酬結構，將以會計盈餘為基礎的短期激勵與以市場價值為基礎的長期激勵相結合是我國企業實行期權激勵的現實和未來的結合點。 -
However, the reduction of state - owned stock is a probative job and complicated system engineering, which involves many fields. it is complicated to operate and difficult to implement as a result, it will take a quite long time to study and prove it within quite extensive ranges
但由於國有股減持是一項探索性的工作，是一個復雜的系統工程，工作涉及面廣，操作復雜，實施難度大，故需要經過一個相當長的時間、在相當廣泛的范圍內研究論證。 -
In a breeder farm or privately - owned stock farm, the constitution of female livestock is believed to be a significant factor to expand the breeder business at larger size
在一個種畜場或自繁自育畜牧場，能否發展壯大，關鍵取決于母畜體質狀況，母畜體質欠佳，直接影響產仔數量和發展規模。 -
The state - owned stock reduction is the crossover to the standardization of stock market, the deep reform of national - enterprise, the strategic adjustment of overall arrangement of state - owned economy and the complete development of welfarism. therefore, the problem has extremely value to the order - development of stock market
國有股減持是證券市場規范化、國企股份制改革深化、國有經濟布局戰略調整和社保制度完善的一個交匯點，對這一問題的研究有著很強的現實意義。 -
The tour of breaking ice - state - owned commercial bank joint - stock reform
國有商業銀行股份制改革的破冰之旅 -
This article based on the content and came up with a practicable scenario ? to organize state - owned stock circulating market, which ensures the sufficient liquidity of the state - owned stock
文章即是在此基礎上提出了從根本上解決國有股權流通的方案? ?建立s股市場，實現國有股權的充分流動。 -
Chapter two, introduce the problems lies in the distribute of equity resource in the issuing market : problems of distribution inside the trade and among the trades, reorganization of listed companies, affection of issuing price to the distribution of equity resource, problems lies in the distribute of equity resource in the circulating market, use of the equity resource of listed company, analysis of distribute of equity resource in the stock market of china, state - owned economics administration system and regulation of stock market
第二章，介紹股票?級市場股本資源配置中的問題：行業內配置的問題、行業間配置的問題、上市公司的重組方式問題、發行定價對股本資源配置的影響；股票二級市場股本資源配置中的問題：配股資源配置的問題、上市公司股本資源使用的問題；中國股票市場股本資源配置的總體效應和原因分析：國有經濟管理體制因素、股票市場管理規則因素。 -
Publicly - owned economy includes not only both state - owned enterprises and collectively - owned enterprise, but also either state - owned elements or collectively - owned elements in its mixed sector of the economy, like joint - stock enterprises etc
公有制經濟不僅包括國有企業和集體企業，還包括混合所有制經濟中，例如股份制企業中的國有成分和集體成分。 -
The relationship between the ratio of state - owned stock and the enterprise evaluation is significantly negative correlation. the correlation between ratio of corporate stock and the enterprise evaluation is significantly positive correlation
國家股比率與並購后企業價值明顯負相關，法人股比率與並購后企業價值明顯正相關。 -
Through special study for these problems, we found settlement should be made by bringing securities business functions into play to accelerate reconstruction of state - owned assets and by trying out manager stock holding limit right salary system to promote the circulation of state shares and corporation shares
研究表明國有企業股份制改造中存在的問題，可以通過發揮政券市場的功能促進國有企業資產重組，試行經理股票期權薪酬制，促進國家股、法人股的流通來加以解決。 -
This paper carries out study on corporate governance based on system theory, advances concept of corporate governance, analyzes and abstracts system core of corporate governance from the point of mechanism by means of study on environment energy - rank principle, running mechanism and model of corporate governance. this paper analyzes mechanism of stimulation and restraint by using game theory, verifies effect of stock right structure on efficiency of corporate governance in view of connection between capital and corporate governance, gives method of resolving optimum stock right limit of collection and deconcentration and adventure share model of blending capital, and discusses problem of entrance of stakeholders to corporate governance etc. at last, according to system theory of corporate governance studied, this paper analyzes governance system of chinese state - owned and its effective factors, and advances complete countermove idea of corporate governance system
本論文以系統理論為基礎對公司治理結構進行了研究，提出了公司治理結構系統的概念，分析提煉出了公司治理結構系統核，並通過對公司治理結構系統環境、系統能級原理和系統運行機制與模式的研究，從機制的角度分析了公司治理結構系統運行模式；運用博弈論對公司治理過程中的激勵約束機制進行了分析；針對資本結構與公司治理結構的關系，運用模型驗證了股權結構對公司治理效率的影響，給出了求解最佳股權集散度的方法和融資風險分擔模型；探討了利益相關者介入公司治理結構的問題等等。 -
As to the transformation of financing institution, the financing structure of firms, especially state - owned enterprises, develops disproportionally : external financing proportions relatively higher than internal financing ; indirect financing higher than direct financing ; stock financing. higher than bond fmacing ; and total debt financing higher than equity financing
在融資機制的變革中，企業，特別是國有企業的融資結構呈非均衡發展：相對來說，外部融資比重高於內部融資比重；間接融資比重高於直接融資比重；股票融資比重高於債券融資比重；全部負債融資比重高於股權融資比重。 -
In this paper, we analyse the conception and theory basis of corporation governance structure, then point out there are still some problems in state - owned enterpise after the reformation of stock company such as irrationality of stock right structure, default of state stockholder, serious government action of advanced governors ' selection, distemperedness of advanced governors ' prompting and restriction mechanism and nominal borad of supervisors, then put forward some relevant resolving measure, which include stock right decentralization, perfect stockholder conference, form and develop enterpriser procession, establish effective advanced governors ' prompting and restriction mechanism, strengthen construction of board of supervisors
分析了法人治理結構的涵義及理論基礎，進而指出國有企業股份制改革后法人治理結構中仍然存在股權結構不合理、國家股所有者缺位、高層人員選擇的嚴重政府行為、高層人員的激勵和約束機制不健全、監事會形同虛設等問題，並相應提出了實現股權多元化、完善股東大會、形成和發展企業家隊伍、建立有效的高層激勵和約束機制、加強監事會建設的解決措施。 -
At the same time, study on efficiency of ownership structure also has some practical values. as for chinese stock market, to understand such phenomenon as " a dominant shareholder " and to design and implement the policy of downsizing state - owned shares all call for the study on efficiency of ownership structure. furthermore, some feasible policy suggestions on how to protect the minority shareholders " interests can be put forward based on such study
同時，所有權結構效率研究還具有很重要的現實意義，就我國股市的實踐而言，正確認識我國上市公司「一股獨大」的問題和設計及實施「國有股減持」方案實際上都與所有權結構效率的研究有關，此外，所有權結構效率研究還將為我國上市公司如何制定和建設中小股東權益保障機制提供理論依據。
分享友人