查询词典 allocation of markets

The headquarters of conglomerates using of tunneling of internal capital market seize and plunder resources of listed companies because of the Government's restrictions on market allocation, low liquidity of capital markets, and the problem of "adverse selection" causing by serious information asymmetry and so on.

因为政府对市场配置限制，资本市场低流动性以及严重的信息不对称导致的"逆向选择"等问题使得许多的集团公司总部利用内部资本市场利益输出行为侵占、掠夺上市公司资源。

Empirical evidence on the relationship between "tunneling" and earnings management suggests that,"tunneling" would decrease the transparency of the whole economy, and then decrease the capital allocation efficiency of capital markets, finally delay the economic growth. Under the conditions that investor protection is very poor and ownership is concentrated, listed companies in Chinese stock market are always agencies of controllers to get private benefits at the expense of minority shareholders.

正出于此，本论文以我国股票市场特殊的制度背景为出发点，在参考Bebchuk（1999）模型的基础上，发展了一个理论模型来证明，在投资者保护薄弱和所有权集中的制度背景下，控股股东具有充分动机来侵占少数股东利益获取控制权私利。

To secure development of its software industry, China must grasp the opportunities, make full use of the international and domestic markets, optimize resource allocation, take an active part in the international distribution of labor and cooperation, constantly improve its own innovation ability, management ability and service level, cultivate and train quality software technicians and ende

要发展具有国际竞争力的大公司、大企业集团，培育一批产品附加值高、市场份额大、核心竞争力强、有研究开发能力的优势企业。给予这些大型软件企业集团多方面的帮助，为软件优秀企业创造良好的发展环境，促进它们的进一步成长。

Little risk, high returns, great oversubscription and high turnover of Initial Public Offerings are long-standing obvious features of Chinese capital markets, which damage the market efficiency and the resource allocation efficiency.

首次公开发行新股的"低风险、高收益、巨额申购、高换手率"一直是我国资本市场的一个显著特点，这大大降低了市场运行效率和资源配置效率。

ABSTRACT High nominal returns, low real returns, little risk, great oversubscription and high turnover of Initial Public Offerings are long-standing distinguishing features of Chinese capital markets, which damage the market efficiency and the resource allocation efficiency.

首次发行新股的"高名义回报、低实际收益、低风险约束、巨额冻结资金、高换手率"一直是我国资本市场的一个显著特点，大大降低了市场运行效率和资源配置效率。

High nominal returns, low real returns, little risk, great oversubscription and high turnover of Initial Public Offerings are long-standing distinguishing features of Chinese capital markets, which damage the market efficiency and the resource allocation efficiency.

首次发行新股的"高名义回报、低实际收益、低风险约束、巨额冻结资金、高换手率"一直是我国资本市场的一个显著特点，大大降低了市场运行效率和资源配置效率。

In this study, we use multidimensional scaling technique to visualize time-varying returns between risky asset behaviors. From this market map, we can investigate adequacies of asset allocation and explore the risk structure of the markets more.

一般是采用相关系数矩阵观察资产间的相关性大小，利用多元尺度法所形成的资产集合构形图可帮助我们直接以视觉化的角度一次性的观察所有资产间的关系。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。