查询词典 firm

Therefore this article briefly analyze our country traditional culture characteristic, family firm's origin and the management good and bad points, and managed to carry on the simple analysis of the family firm's present situation, as well as how to improve the family firm's management depending on the traditional culture, in order to make the family firm adapt the market shift to survive for a long time and to develop laster.

因此本文浅析了我国传统文化的特点、家族企业的由来及其管理的优缺点，并对家族企业管理的现状进行了简单的分析，着重讲述了如何以传统文化为依托去改善家族企业管理，使家族企业适应市场变化长期生存并发展下去。

The positive test draws the following conclusions: control rights is significantly negatively related with firm value which indicates that the bigger control rights the actual controller hold, the lower firm value is; cash flow rights is significantly negatively related with firm value which may due to the ravening share bonus deeds by controlling shareholder; the separation ratio of cash flow rights to control rights is negatively related with firm value and not significant which may due to the ravening share bonus deeds,or the deficient market, or inadequate information exposure etc; stock proportion restriction is significantly positive related with firm value which indicates the good effect of stock proportion restriction; actual controller who participate in the management and the ratio of director who have position in controlling shareholder's company don't pass the significant test; the size of the company is significantly negatively related with firm value; the ROE cannot explain the firm value.

通过实证检验发现，我国金字塔结构下民营上市公司的治理效应有以下特征：控制权与公司价值显著负相关，说明实际控制人掌握的控制权越大，公司价值越低；现金流权与公司价值显著负相关，这可能与我国民营上市公司控股股东的"掠夺性分红"行为有关；现金流权与控制权的分离率和公司价值负相关且未通过显著性检验，这可能与控股股东的"掠夺性分红"行为有关，也可能与市场的不完善、信息披露的不充分等有关；股权制衡度与公司价值显著正相关，说明我国民营上市公司的股权制衡机制能够产生一定程度的效果；实际控制人参与管理情况与在控股股东单位任职的董事比例和公司价值的关系均未通过显著性检验；公司规模与公司价值显著负相关；ROE对公司价值没有解释力。

Besides the tacitness, the characteristics also composes of distribution, transferability and appropriabilitry. Based on these foundation, the dissertation explain the existence of the firm as institution for the organization of production, explore the nature of coordination within the firm, analyze organizational structure, focusing upon the implications of the knowledge-based view for hierarchy and location of decision-making authority and determine the boundaries of the firm. In making the comparison, a key distinction is made between the theory of knowledge -based of firm and the theory of transaction cost , which is the main stream theory at present. For one thing, The theory of TC does not take tacit knowledge into consideration, to some degree, but focuses much on the risk of opportunism.

据此，本文对企业理论所关注的企业的存在、企业的协调、企业的组织结构、企业的边界、企业的异质性等问题逐一进行了回答，比如，在企业知识理论看来，企业是一种将个人知识一体化的制度；企业的协调不仅是组织成员目标不一致而产生的需要，而且考虑到默会知识的存在，即使组织成员目标一致，协调仍是必要的；企业之所以具有异质性，其根本原因在于默会知识的难以模仿以及企业在生产过程中形成和积聚的知识的差异性，从而导致各个企业最终所积聚的知识和能力具有差异性。

The resource theory of the firm holds that firm competitive advantage bases on valuable, rare, imperfectly imitable and non-substitutional resource, to explore firm competitive advantage source from firm resources matching above conditions.

企业资源理论认为，企业的竞争优势是建立在有价值的、稀缺的、难以模仿的和不可替代的资源基础之上的，并以此来寻找符合条件的资源，从而发现关键资源。

And we consider that the firm's labor force allocation mode in our country following an evolutionary process. Its progress is from depending on low-grade and methodic state firm's interior labor force market to out-of-order firm's labor force market which is made up of state, private and foreign firms. And it is possible self-organizing to depending on high-grade and methodic firm's interior and exterior labor force market.

首先，本文运用演化动力学中的耗散结构和自组织理论，对二十多年来我国企业的劳动力配置方式进行了演化分析，认为我国的企业劳动力配置方式是从依靠低级有序的国有企业内部劳动力市场到由依靠国有企业、私营企业、外资企业等组成的无序企业劳动力市场的演化过程，它将有可能自组织发展到依靠高级有序的企业内部劳动力市场和企业外部劳动力市场。

3 The most important difference between a manufacturing firm and a service industry firm, with regard to the classification of costs, is that the goods produced by a manufacturing firm are inventoried, whereas the services produced by a service industry firm are consumed as they are produced.

2-3最重要的区别，制造企业和服务行业公司，就以分类的成本，是因为所生产的商品的制造企业正在清点，而服务所产生的一个服务性行业公司的消耗，因为他们制作。

Equity structure decides how the resident rights of benefits and control divided among the investors, different equity structure shows that the benefits and rights are scatted among different investors, it will lead to different corporate governance and different firm value, so it is really related with firm value. At the same time, other factors include the outside environment of the firm and the firm itself also gives important effect on firm value.

股权结构决定着剩余索取权与控制权在利益主体中的分配，不同的股权结构表明不同的利益及权力分布，不同的利益主体在企业中的地位与投资目的不同，会使治理机制发挥不同的作用，从而表现出不同的企业绩效，所以，股权结构与企业绩效息息相关；而非股权结构因素包括企业外部环境因素和企业自身因素，也对企业绩效产生重大影响。

" This word firm later added the senses "designation under which a firm transacts business" and "commercial house.

Firm 这个词后来增加了两个含义，&商行借以办理事务的名称&和经商的房屋。

This part Measures firms" size with market value of float shares, and divides each portfolio into quintiles and deciles to choose an appropriate grouping method. The second part divides the sample into two sub-samples to tests the different performance of "small firm effect" in two periods. The third part tests different performance of each month. The fourth part studies the "small firm effect" in five industries, the industry, the commerce, the public utilities, conglomerates and the properties, and uses Fame-Macbeth method to research "the small firm effect" in the different industries. The fifth part analyzes the reason why the "small firm effect" exists in China stock market referring to the western explanation about "the small firm effect and the character of China stock market. In the end, we provide some suggestion.

论文运用实证方法检验中国股市&小公司效应&的存在性，用流通股市值作为公司规模大小的度量，用五分组和十分组两种分组方法检验中国股市&小公司效应&的表现；把整个样本区间以2001年为界分为两个样本子区间，检验&小公司效应&在不同时间阶段的表现有何不同；分月检验&小公司效应&在不同月份的表现；把样本中所有上市公司按照行业分为五大类，工业类、商业类、公用事业类、房地产类和综合类，利用Fama-MacBeth法检验中国股市&小公司效应&在不同行业的表现；联系国外关于&小公司效应&存在原因的解释，结合中国股市的实际，分析中国股市&小公司效应&存在的原因，并提出了一些建议。

Flex family of three pillows: Soft Pillow, fiber cotton pillows, silk, feather pillow filling and other basic material, comfortable and flexible Product; hard Pillow, the people gradually, and enjoy popular buckwheat shell filled material, mobility, and be free to shape the shape, in particular the best load bearing capacity to have a growing number of loyal followers; neutral pillow (Mid-Firm Pillow), natural Typha velvet, slightly elastic material, such as Kapok Morrison, but the natural aroma, comfortable and soft, and the support of the cervical spine in particular, see favorite moderate.

软硬度三大枕头家族：软枕，纤维棉枕、蚕丝、羽绒枕等基本填材，产品舒适而富有弹性；硬枕，国人逐步喜欢并流行的荞麦壳填材，流动性好，可自由塑造形状，尤其承托力最佳让其拥有了越来越多的忠实追随者；中性枕（Mid-Firm Pillow），天然香蒲绒，木棉花等材质弹性略逊，但天然芳香、舒适柔软，对颈椎的承托适中尤其惹人喜爱。

If Pentium 4 used to be the master of all games built on Quake3 engine, now the situation has changed completely.

如果奔腾4使用的是掌握所有游戏建立在求苛刻的发动机，现在的情况已完全改变。

No, this is not what we mean by framing, although the principle is the same.

不，这不是我们所讲的框架的含义，尽管法则是一样的。