查询词典 financing

Then, I define the concept and composition of financing cost and capital cost, 1 suggest that financing cost is the contract cost of financing, which consists of capital cost and financing fees.

继而，通过对筹资契约签定过程中各种冲突、投资者承受风险的分析，界定了筹资成本和资本成本的概念和构成，认为筹资成本就是筹资契约成本，由资本成本和筹资费用两部分组成。

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。

The paper also proposed the method of government and the policy-type financial organization,that they must unify the development stage enterprise, aim at these especial needs, in the circumstance of financing system lag, the financing variety indigence, put forward a new financing service model. Push the development of financial organization and financing service organization.

论文还提出政府和政策性金融机构应当结合科技型中小企业的发展阶段设计开发和推行有效的、具有针对性的投融资品种，以及通过现有品种的综合性实施来满足企业的融资需求，并提出，在现阶段融资制度滞后、融资品种单一、业务实施僵化的现实下，发展立足于新的融资服务模式的融资中介机构和金融服务机构的现实意义。

This thesis intends to explore fundamental causes for risks related to financing activities of our state-owned commercial banks and draw relevant proposals to tackle these causes by undertaking thorough investigations into internal and external variables related to financing activities of the banksThis thesis firstly investigate four external variables affecting financing activities, including enterprises, government, central bank and social creditability before proceeding to make an enquiry into internal variables and make proposals to deal with these external and internal variables that cause risks related to financing activities.

本文旨在通过对国有商业银行贷款风险的研究，对我国国有商业银行信贷风险从银行内、外部因素这两大角度作了深入的分析，探究我国国有商业银行信贷风险产生的根本原因，并提出相应的对策。文章从企业、政府、中央银行、社会信用等四个方面对信贷风险产生的外部因素进行了探究，而后通过对信贷风险产生的内部因素的分析，为银行信贷风险管理指明了方向。

And then the paper analyses the influence of the preference of share financing about the Chinese listed companies. The paper sets up the mode of the debt financing-internal cash flow sensitivity by analyzing Has financing constraints theories. And it selects the listed non-financial companies of Shanghai and Shenzhen stock markets to do the demonstration. Two conclusions can be reached from the empirical study:(1) There is a remarkable negative relativity existing between china's listed companies' debt financing and internal cash flow. As the increase of the internal cash flow, the company's debt will decrease. The sensitivity between the two inclines to strengthen with the lapse of time.

通过对融资约束的理论分析，本文建立了债务融资与内部现金流量敏感性分析模型，并以沪市和深市的非金融类上市公司作为样本进行线性回归分析，得出以下结论：(1)中国上市公司债务融资与内部现金流量之间存在着显著的负相关性，即随着内部现金流量的增加，企业的债务融资额将会减少，且随着时间的推移，二者的敏感性有增强的趋势。

This paper attempts to analyse the financing behavior of the listed company with the behavioral financing theory, and make research on the behavioral factors which result in the preference for stock financing in conjuction with the financing practices of Chinese listed companies.

本文尝试用行为融资理论来分析上市公司的融资行为，同时结合中国上市公司的融资实践来考察导致股权融资偏好的行为因素。

Article 27: The financing guarantee liability balance to a single Secured Party by a financing guarantee company shall not be more than 10％ of its net assets; the financing guarantee liability balance to a single Secured Party and its affiliated party shall not be more than 15％ of its net assets and the financing guarantee liability balance to a single Secured Party for bond issuance shall not be more than 30％ of its net assets.

第二十七条融资性担保公司对单个被担保人提供的融资性担保责任余额不得超过净资产的10％，对单个被担保人及其关联方提供的融资性担保责任余额不得超过净资产的15％，对单个被担保人债券发行提供的担保责任余额不得超过净资产的30％。

A number of research outcomes were concludedThe main conclusions: 1 the capital intensive, recourses intensive, scale-based benefit, high pollution and high industrial correlativeness are five most influential factors in paper industry; 2 theoretically, resources endowment, financing ability, quality of enterprise, structure of industrial organization, relevant industries, and the institutional environment are six key components of competitive power for regional paper industry. Among them, quality of enterprise, financing ability and the structure of industrial organization are the key elements for regional competition in paper industry; 3 the assessment of the competitiveness power of Fujian paper industry has showed that during 1999-2005, the competitiveness power of Fujian paper industry was stable; 4 financing ability and the structure of industrial organization have positive impact on the competitiveness power of paper industry; 5 The SWTO analysis shows that the advantage of Fujian paper industry is resource abundance, however, the disadvantages are financing ability and the structure of industrial organization.

主要结论有：①资本密集、资源密集、规模效益显著、污染型、产业关联度大等5个方面是造纸产业最为重要的5个特性；②从理论上分析，区域造纸产业竞争力的主要构成要素包括资源禀赋、融资能力、企业素质、产业组织结构、关联产业与制度环境等6个要素，其中企业素质、融资能力与产业组织结构是区域造纸产业的核心要素；③从福建省造纸产业综合竞争力的纵向测评结果来看，1999-2005年福建省造纸产业综合竞争力的表现较为稳定；④融资能力与产业组织结构对区域造纸产业竞争力具有显著的正向影响作用，它们是区域造纸产业竞争力最重要的影响因素；⑤根据SWOT分析结果表明，福建省在资源--对区域造纸产业竞争力影响有限的因素—拥有竞争优势，而在融资与产业组织结构等—对区域造纸产业竞争力有重要影响的因素-处于竞争劣势。

Based on the real estate enterprises of China, the paper points out many real estate financing problems, which are manifestes by two parts, one is that the sustainable financing capacity of most real estate enterprises is feeblish, the other is that the blindfold financing penomena is ubiquitous in the real estate industry, through the research on the financing activity of internal real eatate enterprises.

本文以我国房地产开发企业为研究对象，通过对我国现有房地产开发企业的融资行为进行研究，发现房地产开发企业融资存在许多问题，主要体现在以下两个方面：一是大多数房地产开发企业的可持续性融资能力较弱；二是盲目融资现象较为普遍。

According to the traditional capital structural theory analysis ,the conclusion which is bonds financing will be advantageous. By analyzing the best of financing cost and financing preference of listed companies in our country, the article discovered there was inconsistence in financing structure of listed company in our country compared with the capital structure in developed country and carried on a thorough analysis.

根据传统资本结构理论的分析可得出债权融资更有利，本文在通过对我国上市公司融资成本和融资偏好的分析检验中，却发现了我国上市公司的融资结构相比发达国家的资本结构来说存在很大的不一致，并对此进行了深入的分析。

But in the course of internationalization, they meet with misunderstanding and puzzlement.

许多企业已经意识到了这一点，但在国际化的进程中，仍存在一些误区与困惑。

Inorder toaccomplish this goal as quickly as possible, we'll beteamingup with anexperienced group of modelers, skinners, and animatorswhosenames willbe announced in the coming weeks.

为了尽快实现这个目标，我们在未来数周内将公布与一些有经验的模型、皮肤、动画制作小组合作。