查询词典 equity financing

They demonstrates the following characteristics obviously:The inside financing is far below than the outside financing;(2) The proportion of stock financing is higher than bond financing in the outside financing;(3) The equity structure is unreasonable;(4) For the level of the current liability is so high, the debt structure is unreasonable also;(5)Take the ration chares as the main resource of long-term capital.

而后，分析我国上市公司融资现状的成因：资本结构理论认为，公司融资方式的选择受到资本成本、融资工具等因素影响外，上市公司的融资问题反映的实际上是我国上市公司在转制建制上的不足，特别未建立高效率的治理结构和有效的治理机制。

Stimulated by the illusion of free capital, Chinese listed companies show strong preference to equity financing, and form the financing structure of low debt and high equity. Under the circumstance of law efficient capital market, distempered financing institution, and underdeveloped control transfer market, such kind of financing structure enlarges interest conflicts between stockholders and managements, and lowers the governance efficiency.

我国上市公司在免费资本幻觉的驱使下表现出强烈的股权融资偏好，形成了重股权、轻债权的融资结构，在目前我国证券市场低效、控制权市场欠发达、融资制度不健全的情况下，这种融资结构加大了股东与经理人之间的利益冲突，降低了公司的治理效率。

In the end, there is a brief conclusion . The conclusion of this passage mainly includes: The listed companies have obvious preference for stock right financing, and the financing order is stock right financing, the short-term debt, endogenous financing, the long-term debt, which differs from that of western countries; Financing structure is characterized by comparatively lower asset-liability rate, higher floating debt and lower long-term debt; The governance structure is irrational, and the shareholders" meeting perform practically no function. In the meanwhile, board of director structure is unreasonable, which is highly coincident with the manager layer. Board of supervisors" independent character is poor, while manager layer is lacking in restraints and supervision; The interdynamic

本文的结论：上市公司有明显的股权融资偏好，融资顺序为股权融资、短期负债、内源融资、长期负债，这与西方国家上市公司的融资顺序不同；融资结构具有资产负债率相对较低，流动负债偏高、长期负债偏低的特征；治理结构不合理，股东大会形同虚设、董事会结构不合理、董事会与经理层高度重合、监事会独立性不强、经理层缺乏约束与监督；治理结构与融资策略选择的互动关系不强；独立董事比例与资产负债率正相关，工业、公用事业与资产负债率负相关，商业与流动负债率正相关，第一大股东持股比例与流动负债率负相关，第一大股东持股比例与长期负债率正相关，执行董事比例、工业、商业与长期负债率负相关。

The paper consider actual conditions of Hebei , and carefully analyzied the questions in highway investment and financing. Considering of country investment and financing heavy policy environment, it proposes that Hebei should not stay the highway investment and financings " wait for, by, take ", relying on governmental investment simply, but should fully give play to the role of capital market and financial market. In insist of the policy on " interconnected system loan interconnected system return ", attract social fund extensively, form the macroclimate that the society runs the traffic;Consider the highway assets of the whole province as a whole, make the financing scheme , vitalize the assets. Through capital market, take bid way, project jointlies operate, corporatization, shareholding system, try such ways as franchise operation ,etc. boldly in newly-built project. At the same time, devote more efforts to standing in the government"s policy to highway, set up the capital construction of highway development. Turn to capital market management focal point , investment and financing of management from project management, change direction " melt" from " throw ", open up with innovative idea dissolving enter road construction practice really, try some new financing methods boldly , only in this way , could arouse every side"s enthusiasm further , really open up the unexhausted source for the benign development of road construction of Hebei.

本研究报告充分考虑了河北省的实际情况，对河北省公路投融资工作中存在的问题进行了深入、细致的分析，针对目前国家在公路投融资大的政策环境，提出了河北省公路投融资不能停留在"等、靠、要"，单纯依靠政府投资上，而是应该充分发挥资本市场和金融市场的作用；在坚持省交通厅"统贷统还"的政策下，广泛吸引社会资金，形成社会办交通的大气候；将全省的公路资产统筹考虑，制定融资方案，将资产盘活：通过资本市场，采取招投标方式，将有条件的公路项目进行合资合作、公司化、股份制改造，新建项目大胆尝试特许经营等方式：同时加大政府对公路的政策支持力度，建立公路发展基建；将投融资管理的重点，从项目管理转向资本市场管理，从"投"转向"融"，把开拓与创新理念真正溶入公路建设实践，大胆尝试一些新的融资方法，只有这样，才能进一步调动各方积极性，真正为河北省公路建设的良性发展开辟不竭之源。

Finally discusses the financing channel of China's colleges and universities a wide range of in novative ideas: To adhere to government investment as the mainstay, and strive to expand the fee other than the diversified financing channels of financing, including donations, finance lease capital equipment financing, to attract private capital to expand the school-run enterprise income and silver school co-operation of individuals entrusted loan financing, and the application of the principles of financial management analysis of the laboratory, opening up the possibility of operators, as well as in the laboratory during the preparatory process for the existence of risks and remedial measures.

最后论述了我国高校筹融资渠道多元化的创新思路：要坚持政府投入为主，努力扩大学费以外的多元化筹融资途径，包括捐赠、融资租赁资产设备融资、吸纳民间资本、扩大校办企业收入和银校合作的个人委托贷款融资等，并应用财务管理的原理分析了实验室开放运营的可能性，以及在实验室筹备过程中存在的风险及解决措施。

A lot of SMEs have made certain effectiveness in solving the financing problem by utilizing financial innovation currently. This paper explains that the new financing ways such as impawning the right of goods and financing tenancy can solve the some financing problems of SMEs by the case study, which have certain reference meanings both in SMEs seeking financing ways and drawing up policies and regulations in the future.

当前许多中小企业利用金融创新在解决融资问题上取得了一定的成效，本文通过案例分析说明货权质押、融资租赁等一些新颖的融资方式能够解决一部分中小企业的融资问题，这对我国中小企业寻求融资途径和国家政策法规制订方面有一定的借鉴意义。

The first part is an introduction. It describes the study significance, the purpose, the method and relative study evolvement from home and abroad and so on. The second part is a study basis. It illustrates study theory of financing storehouse and third-party logistics in details, which is a supply chain model theory resulting from logistics theory and financing storehouse theory and the third-party enterprise. The third part introduces impawning loan and its choke point in 3PL se...更多rvice innovation and financing storehouse business operation model. The forth part analyses restrictive factors of medium and small enterprises financing storehouse business in our country, which gives relative suggestions. The fifth part analyses the feasibility for construction of supply chain model based on financing storehouse business in 3PL service innovation, which aims at impawning supervision condition in Zhongchu Development Stock Co., Ltd Nanjing branch.

第一部分是绪论，阐明了本文的研究意义、目的、方法以及国内外的相关研究进展情况等；第二部分是研究基础，详细阐述了研究融通仓和第三方物流的相关理论，分别是物流理论、融通仓理论和第三方物流公司主导的供应链模式理论；第三部分介绍了第三方物流服务创新中质押贷款及其瓶颈，以及融通仓业务的运作模式；第四部分，分析了我国中小企业开展融通仓业务的制约因素，并提出了相关建议；第五部分，针对中储股份南京分公司开展质押监管的情况，分析了在第三方物流服务创新中，构建基于融通仓业务的供应链模式的可行性。

It pays most attention to the important problems of financing decision Choice in A Corp., such as analyzing industry background, selecting investing items, estimating financing requirers and avoiding financing risks. We also provide the financial in formations of A Corp. which is helpful for students to analyze these financing cases based on financing decision theory.

案例集中讨论了A公司在做出再融资决策过程中的行业背景分析、投资项目选择、融资必要性分析、融资风险防范等问题，并给出了A公司自身的财务预测信息、购买资产效益预测、投资资产定价等资料，为学生依据财务融资决策理论进行分析提供了可能性。

Meanwhile, equity financing and debt financing play different roles in the corporate governance. The complementarities of diverse financing and the perfection of financial structure can facilitate the firm financing and managerial incentive.

同时本文还认为，股权融资和债务融资在企业治理过程中发挥着不同的作用，融资方式的多样互补性和金融结构的完善有利于企业融资和管理激励。

This paper chooses residual income model to measure the cost of equity capital, and construct some index to represent the total disclosure quality and earnings disclosure quality of Chinese listed companies. Our analysis shows that for the whole sample of listed companies which conduct seasoned equity offerings in the stock market, controlling 6, company scale, B/M, leverage and asset turnover, there is positive relationship between the total disclosure quality and marginal cost equity capital; there is negative relationship between the earnings radical and marginal cost equity capita; there is no remarkable relationship between the earnings smoothness and marginal cost equity capital.

本文采用剩余收益模型计算公司的股权融资成本，分别以披露总体质量和盈余披露质量作为反映我国上市公司信息披露质量的指标，研究发现在控制β系数、公司规模、账面价值比、盈利水平等因素的条件下，总体来看，信息披露总体质量越高的样本公司的边际股权融资成本越高；盈余激进度与边际股权融资成本负相关；而盈余平滑度与边际股权融资成本的关系并不显著。

The system can be widely used in belt weighing and batching process control,etc.

介绍了基于智能模糊控制的嵌入式配料系统的设计方法，对模糊PID控制过程和系统调零作了重点的讨论，同时给出了PID控制的程序流程图和系统定长调零子程序。

"I dunno," she answered,"but if you show me aroun', I'll recognize it from the lighthouse just outside the porthole."

"我不知道，"她回答说，"如果你能带我转转，我能认出来的，因为灯塔就在舷窗外。"