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What's more the relations between different asset are classified to three groups which are the fundamental-derivative relation、the cross sectional relation and the comprehensive relation, on basis of which the asset pricing anomalies are classified individually to different groups.(2)The price model of the capital asset is constructed trailing the path of the asset value's incrementing and transferring. And then a three–factor model is established which can be utilized by the empirical researches. Concretely, under the capital chain, we conclude the relation between the stocks and the corporate assets is a fundamental-derivative one and the research object is the capital asset under the capital chain.

具体而言，本文在资产链的角度下分析股票和公司资产之间的"基础—衍生"关系，明确了本文的研究对象为资产链下的资本资产；建立了公司资产的价值，将公司资产和其基础资产公司的财产联系了起来，构造了资产链上第一个节点——公司资产的价值；将公司资产和资本资产进行了关联，在考虑公司资产变为资本资产的流动性增值后，建立了资本资产的价格模型；在前文资本资产价格模型的基础上进行了收益分解，基于此引入了具有长中短不同决策周期的三类投资者，在存在无风险资产和不存在无风险资产两种情况下分别建立了可用于实证的三因素模型。

Courses combine theory and practice through teaching methods so that students master the incoming supply organizations, professional knowledge and expertise to use these characteristics to analyze the incoming market, know how to market supply and demand forecast survey, how to organize supply , how to make freight plans; control incoming commercial business and operations, total revenue costs, freight quality management expertise to apply this knowledge in an integrated shipping companies, port terminal operators, cargo handling companies, freight forwarders, warehousing companies, incoming logistics companies, business service management companies related to cargo management, port-site management, cargo handling operations, cargo transfer agency business operations and management of import and export of container cargo business operations and management, port yard management, transport business management , dangerous goods transport business operation and management, domestic water transport document operations, cargo handling accidents and customer service.

课程通过理论与实践相结合的教学方法，使学生掌握港航货源组织的专业知识，能够运用这些专业知识去分析港航市场的特点，懂得如何进行货源的市场调查与需求预测，如何进行货源组织，如何制定货运计划；掌握港航商务业务与作业、费用计收、货运质量管理的专业知识，能够综合运用这些知识在船舶运输公司、港口码头公司、理货公司、货运代理公司、仓储公司、物流公司等港航商务业务管理相关的公司进行货运管理、码头现场管理、理货作业、货运代办中转业务的操作与管理、集装箱货物的进出口商务作业与管理、港口库场管理、联运业务管理、危险品运输业务的操作与管理、国内水运的单证操作、货运事故的处理、客户服务等。

E-COM has numerous cooperators and customers in X-ray imaging technical field, including Hologic of America, Del Medical, EDDA, THALES of France, Apelem, Stephix, Villa and GMM of Italy, Sedecal of Spain, BARCO of Belgium, and some other companys in Japan and Korea.

公司在X线成像技术领域具有众多的合作伙伴和客户，包括美国Hologic公司、Del Medical、EDDA公司；法国THALES公司、Apelem、Stephnix；意大利GMM、Villa；西班牙Sedecal、比利时BARCO公司、日本岛津公司和韩国东岗公司。

E-COM has numerous cooperators and customers in X-ray imaging technical field, including Hologic of America, Del Medical, EDDA, THALES of France, Apelem, Stephix, Villa and GMM of Italy, Sedecal of Spain, BARCO of Belgium, Shimazu of Japan, Dongkang of Korea.

公司在 X 线成像技术领域具有众多的合作伙伴和客户，包括美国 Hologic 公司、 Del Medical 、 EDDA 公司；法国 THALES 公司、 Apelem 、 Stephnix ；意大利 GMM 、 Villa ；西班牙 Sedecal 、比利时 BARCO 公司、日本岛津公司和韩国东岗公司。

Through analysis and arrangement, the main points are listed as the following: First, the rule of power allocation of corporate organs related to compulsive rules should be directly manipulated under law, and those related to "autonomy of will" should be dealt with constitution mandated by the conference of shareholders, which should be stated clearly by law; Second, referring to the content of power allocation of corporate organs, the due difference allocation should be made for limited liability companies and joint stock limited liability companies respectively; Third, the law should confirm the theoretical and practical significance of the expansion of powers of the board of directors, which means division and re-arrangement of the company's powers; Forth, legislation should limit the dominant shareholders' rights in order to secure the automatic ability of company and improve the environment of corporate governance.

本文通过分析整理，得出主要观点如下：（1）公司机关权力配置规则，涉及属于公司"强行性"的规则应由法律直接规制，而属于"任意型"或"赋权型"的规则，可由股东大会授权以章程的形式解决，法律应明确确立该形式的合法地位；（2）针对公司机关权力配置的内容，法律应分别在有限责任公司和股份有限公司之间合理配置和差别配置；（3）董事会权力的扩大是公司权力的分化和权力内容的重新组合，法律应肯定其积极的实践意义和理论意义；（4）立法应限制控股股东的权力，充分保证公司的自治能力，从而改善公司治理结构环境。

This article uses the financial index to analysis the performance of 45 real estate listing companies which are listing on the Shanghai and Shenzhen Stock Exchange, and utilizes the factorization method to calculate their performance score, and analyzes how the capital structure, the equity structure and the company govern influences the performance of the listing companies. At last, we put forward some suggestions to improve the performance of the real estate listing companies.

本文以中国深沪A股市场45家房地产上市公司作为研究对象，主要采用财务指标对房地产上市公司展开绩效分析，运用上市公司绩效评价方法之一的因子分析法，计算房地产上市公司的绩效得分，并就房地产上市公司的资本结构、股本结构、公司治理等方面对其经营绩效的影响进行了分析，最后提出对了改善我国房地产上市公司经营业绩的对策建议。

For instance purchase equipment unit: Qinghua University, Shandong University, Shandong agricultural college, Hebei Province agricultural college, Shanghai medical college, Beijing capital medical college, Nanjing medical college, Wuhan chemical industry institute, Wuhan University of Science and Technology, Beijing Friendship Hospital, In the Suzhou nonmetalliferous ore research institute, Xinjiang the base natural purification high technology and new technology research institute, the Nanjing main source science and technology research institute, the Tianjin chemical industry research design institute, the Heilongjiang Province chemical industry research institute, the Hainan Province institute of pharmacology, the Chongqing treasure Xin group, the broad state established white group, the mansion Mungu dragon group seasoning company, in the Hsuchou graciousness China 药业 group, Kunming the friend group new material company, the Zhejiang Conn shell raises the face hall 药业 company, association abundant group Guizhou 药业, mountain Western Jin Dynasty new double crane 药业, Beijing double lucky 药业, Shanghai double-base 药业, the Shenzhen Jin'gang source new material science and technology development company, the North Sea fruit fragrant garden fruit juice limited company, the Jiangsu three instruments of torture aloe limited company, lucky fresh big Ze The spiral algae limited company, the rich farmer chemical industry company, the Hong Kong 沐 forest food industry group, the Jake mho industrial corporation, Ai Mote the company the Shanghai Kazak chemistry technology limited company, brightly reaches the labor trade limited liability company suddenly, the Jiangsu strength guarantees the building materials industry limited company, the Shanghai China valuable peacock essence spice limited company, user and so on Chongqing Asia mother substance technology company.

比如采购设备单位：、清华科技园股份有限公司，苏州非金属矿研究院、天津化工研究设计院、黑龙江省化工研究院、南京医科大学、武汉化工学院、武汉理工大学、海南省药物研究所、重庆钰鑫集团亚原生物技术公司、广州立白集团、厦门古龙集团、徐州恩华药业集团、南京蓝本科技研究所、河北省农业大学、昆明中友集团新材料公司、浙江康恩贝养颜堂药业公司、深圳金刚源新材料科技发展公司、北海果香园果汁有限公司、江苏三木芦荟有限公司、福清新大泽螺旋藻有限公司、富农化工公司、利农化工有限公司香港沐林食品工业集团、杰克姆工业公司、菲律宾国际医药公司、上海哈勃化学技术有限公司等用户。

Based on the successful equity issurance by Kenmec Mechanical Engineering Company and the convertible bond offering by Foxconn Technology Group and the failed financing offered by Mosel Vitalic Inc, the following recommendations are made:(1) To the company seeking financing: The importance of evaluating a company's financing structure and industry development, proper selection of financing tools and timing for financing, and to understand the risks and impact of the choice of financing tools,(2) To the investor: the importance of detailed evaluation of the terms of offering and to understand the company's credit status and financial status and industry status, and be aware of the liquidity risk of the investment,(3) to the Securities and Futures Commission : to loosen up conditions for companies seeking financing, to tighten up control of information disclosure after the financing, allow more flexibility for companies seeking financing.

依据广运公司办理现金增资及鸿海公司发行国内转换公司债之筹资成功个案及茂矽公司筹资失败个案研究得到下列建议：对筹资公司的建议：评估企业本身财务结构及产业发展、慎选筹资工具及筹资时机、确实掌握筹资条件并了解筹资风险。对投资人的建议：审慎评估筹资条件、了解筹资公司的债信及产业、注意筹资工具之流动性风险。对主管机关的建议：放宽对筹资公司的事前审核、加重筹资后之资讯揭露、开放筹资的灵活性。

Motorola Electronics Ltd Co, General Electric Ltd Co, Shell Nanhai Petrochemical Ltd Co, Taiwan CTCI Engineering Co, Umicore Automobile Catalyst Ltd Co, China Mining University, China Construction 6th Bureau Engineering Co, China Railway 18th Bureau Engineering Co, Arch Chemicals Co, Squibb Pharmacy Co, Ikea Furniture Ltd co, China Nuclear HuaXing International Construction Co., TECHLINK Semiconductor Co., Wuxi China Resource Micro-Assembly Tech., Ltd, JinSheng Office Articles Co., Mattel Toy Ltd Co, Yiquan Plastics Electrics Ltd co, Academy Nobel Metal Ltd Co, CLC Guangxi Electric Power Ltd Co, Johnson Matthey Catalyst Ltd Co, Delta-Cimic Co., ZeRong Box Ltd Co, Nanjing Hongguang Autoliv Vehicle Safety System CO.,LTD, ShengZhen Hazardous Waste Treatment Plant, Shanghai CDC, Shanghai Stuart Ltd Co, Kunshan Yahong Plastics Co, MeiXin Plastics Co, Suershou Engineering Equipment Co, Sulzer Shanghai Ltd, Baxter Medical Co, Daikin Air Conditioner Co Ltd, Omron China Ltd Co, Dare Science and Tech Co, Hudong-Zhonghua Shipbuilding Co., Ltd, Wansheng Vantrans Axis Co.

摩托罗拉电子有限公司、通用电气有限公司、壳牌石油南海项目、台湾中鼎海外工程公司、优美科汽车催化剂有限公司、中国矿业大学、中建六局工程公司、中铁十八局工程公司、奥麒化工公司、中美上海施贵宝制药有限公司、宜家家具配件有限公司、中国核工业华兴建设有限公司、得力半导体公司、无锡华润安盛科技有限公司、津盛办公用品公司、美泰玩具有限公司、艺泉塑料电子有限公司、艾可迪贵金属材料有限公司、中电广西防城港电力有限公司、万丰催化剂有限公司、中达电通、泽荣箱包有限公司、南京宏光奥托立夫、深圳市危险废物处理站、上海市疾病控制预防中心、上海斯图尔特有限公司、昆山亚宏塑胶、美欣塑胶制品、苏尔寿工程机械、苏州百特医疗、大金空调、欧姆龙、大亚科技、沪东中华造船厂、万圣轴业集团、中国北车集团唐山轨道客车有限责任公司、上海康诚仓储有限公司及万创危险品物流等。

Interestingly, corporate managers have no trouble understanding that point when they are focusing on a business they operate: A parent company that owns a subsidiary with superb long-term economics is not likely to sell that entity regardless of price."Why," the CEO would ask,"should I part with my crown jewel?" Yet that same CEO, when it comes to running his personal investment portfolio, will offhandedly - and even impetuously - move from business to business when presented with no more than superficial arguments by his broker for doing so. The worst of these is perhaps,"You can't go broke taking a profit." Can you imagine a CEO using this line to urge his board to sell a star subsidiary? In our view, what makes sense in business also makes sense in stocks: An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

有趣的是企业经理人在认定何者才是自己本业时，从来就不会搞不清楚情况，母公司是不会单纯因为价格因素就将自己旗下最优秀的子公司给卖掉，公司总裁一定会问，为什么要把我皇冠上的珠宝给变卖掉，不过当场景转换到其个人的投资组合时，他却又会毫不犹豫地，甚至是情急地从这家公司换到另一家公司，靠的不过是股票经纪人肤浅的几句话语，其中最烂的一句当属，你不会因为获利而破产，你能想象要是一家公司的总裁用类似的方式建议董事会将最有潜力的子公司给卖掉时，就我个人的观点，适用于企业经营的原则也同样适用于股票投资，投资人在持有一家公司的股票所展现的韧性应当与一家公司的老板持有公司全部的股权一样。

He is the most remarkable man that I have ever known.

他是我知道的人中最值得注意的人。

Increased appearance of lymphocele was noticed in patients with diabetic nephropathy, congenital malformations of the urinary tract, and inflammatory diseases, including glomerulopathy and extraglomerular ones, after high-voltage radiotherapy and after removal of the renal graft.

经过高压放射疗法和切除移植肾后，在糖尿病肾病患者、泌尿系统先天性畸形患者和炎症患者身上发现淋巴囊肿有所增加，包括肾小球病和球外疾病等。