查询词典 shareholders

Moreover, we examine how the agency cost between managers and liquid shareholders is affected by nonliquid shares and stateowned shares, which we believed to exist only in Chinese Market. Through the same method of event study, we find a symmetric effect regardless of the proportion of nonliquid shares, and this shows that the proportion of nonliquid shares is not a factor of conflicts between managers and liquid shareholders. As for the sub-sample with stateowned shares, there is a larger positive price impact for firms with high proportion of stateowned shares, which tells us that the stateowned shares do raise the problem of "absence of the owner", and it is a part of agency cost in China.

我们进一步检验了国内特殊存在的非流通股以及国有股对于管理层与流通股东之间代理成本的影响，通过同样的事件研究方法对上述样本进行市场宣告反应检验，结果发现非流通股比例不同的公司其市场反应并无显著差异，说明非流通股的存在对管理层与流通股东之间的代理问题没有影响；而国有股比例不同的公司其市场宣告反应存在显著差异，这说明国有股产生的&所有者缺位&问题成为国内代理成本的一部分，并确实影响了现金股利的发放。

Owing to the transformation from proprietory right to shareholders' right, especially the objective existence of the situation of informational assymmetry, it has threatened the realization of the shareholders' controlling power to the company.

由于所有权向股权的转换，尤其是信息不对称情形的客观存在，股东对公司的支配力弱化，从而危及股东利益的实现。

The fourth part is aiming at regulating the transactions between the controlling shareholders and the company. The author first expounds on the theoreticalfoundations of such regulation--the principle of shareholder equality and thefiduciary duties of the controlling shareholder. Then he compares the three different modes of legislation concerning the regulations on the transactions between the controlling shareholder and the company. After that ,the author concludes that we can borrow from the USA and Germany their relevant institutions. That is, disapplying the rule of exclusion of voting rights of the controlling shareholder, perfecting the recission system of the decision of the shareholders meeting and the rule of shifting the burden of production of proof. The author thinks that the adoption of those measures will achieve a reasonable balance between the efficiency and fairness of the RPT with the controlling shareholder.

第四部分针对控制股东与上市公司的关联交易，首先论述了规制此类交易的公司法理论基础——股东平等原则和控制股东诚信义务，接着在对美国、德国和韩国三国相关规制模式进行了比较之后，认为我国可以借鉴美国和德国的相关制度，取消控制股东在关联交易决议中的表决回避制度，并辅以股东大会决议撤销制度的完善、交易公平性的举证责任转换制度的采纳和损害赔偿制度的设立，以确保控制股东与上市公司的关联交易能够在效率和公平之间达到合理平衡。

For those normally runed firms, shareholders are willing to take more debts to take the advantages of leverage and tax shield effect from debt financing, while the shareholders may not borrow from the ordinary debtees but from themselves.

对于正常经营的企业，为了发挥债务资本的税蔽效应和杠杆作用，股东往往愿意企业负债经营，但是负债的对象不一定是普通债权人，很可能是股东自身；对于陷入财务危机的企业，为套牢普通债权人获得更多的企业重组收益，股东也愿意&自我负债&融资。

End of the day, now 9神力Group shareholders, Aokang Group, TELI industrial, real estate Guoguang, Yaohua Electric Appliance, ocean glasses, Star Industry, Xinya investment Fapai Group's chairman had formed a consensus - China and Switzerland are the main areas of "national key construction projects, corporate restructuring and mergers and acquisitions in the restructuring Convertible", were "extensively gathering and utilizing the Chinese large-scale private capital", as people from various professions, in order to avoid a conflict of interest that China and Sweden's nine shareholders equity sharing.

一天结束的时候，现在9神力集团股东，奥康集团，泰力工业，房地产刘国光，耀华电器，远洋眼镜，明星产业，新雅投资法派集团的主席已形成了一个共识-中国和瑞士的主要地区的&国家重点建设项目，企业重组，兼并和收购的重组转换&，是&广泛收集和利用中的大型私人资本&，因为来自不同行业，以避免利益冲突认为中国和瑞典的九个股东权益共享。

To date, some 300 listed companies, out of 1,370 or so, have announced plans by their nontradable shareholders to pay tradable shareholders.

迄今为止，在1370多家上市公司中，共有300多家公司宣布了由其非流通股股东补偿流通股股东的计划。

Article 101 A joint stock company limited shall safekeep in the company a copy of the articles of association, the list of shareholders, minutes of meetings of shareholders and financial and accounting statements.

第一百零一条股份有限公司应当将公司章程、股东名册、股东大会会议记录、财务会计报告置备于本公司。

Article 13 Where a listed company is taken over by agreement, if the purchaser continues to increase shareholding or aggrandizing the control of the listed company after he comes to hold or control 30 percent of the shares issued by the listed company, he shall issue a takeover offer to all shareholders of the listed company to be taken over, which indicates a proposal to buy all the shares held by all the shareholders; if the takeover offer complies with the provisions stipulated in Chapter IV of these Measures, the purchaser may submit an application to the SCRC for exemption; upon exemption, the listed company may be taken over by agreement.

第十三条以协议收购方式进行上市公司收购，收购人所持有、控制一个上市公司的股份达到该公司已发行股份的百分之三十时，继续增持股份或者增加控制的，应当以要约收购方式向该公司的所有股东发出收购其所持有的全部股份的要约；符合本办法第四章规定情形的，收购人可以向中国证监会申请豁免；获得豁免的，可以以协议收购方式进行。

A serious problem among them is that the controlling shareholders intervene the corporation's asser and management wantonly, which largely aggrieves the corporations and its common shareholders.

为了维护证券市场的顺利运做，完善上市公司治理结构，保护中小股东，防止控股股东操纵上市公司，我国引进了独立董事制度。

A serious problem among them is that the controlling shareholders intervene the corporations asser and management wantonly, which largely aggrieves the corporations and its common shareholders.

为了维护证券市场的顺利运做，完善上市公司治理结构，保护中小股东，防止控股股东操纵上市公司，我国引进了独立董事制度。

He's a pretty westernised kind of guy.

他是一个非常西化的人。

National spirit is the moral kingpin for a nation to realize common ideal and goal.

一、中华民族精神的基本内涵党的十六大报告指出：在五千多年的发展中，中华民族形成了以爱国主义为核心的团结统一、爱好和平、勤劳勇敢、自强不息的伟大民族精神。