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This paper chooses residual income model to measure the cost of equity capital, and construct some index to represent the total disclosure quality and earnings disclosure quality of Chinese listed companies. Our analysis shows that for the whole sample of listed companies which conduct seasoned equity offerings in the stock market, controlling 6, company scale, B/M, leverage and asset turnover, there is positive relationship between the total disclosure quality and marginal cost equity capital; there is negative relationship between the earnings radical and marginal cost equity capita; there is no remarkable relationship between the earnings smoothness and marginal cost equity capital.
本文采用剩余收益模型计算公司的股权融资成本,分别以披露总体质量和盈余披露质量作为反映我国上市公司信息披露质量的指标,研究发现在控制β系数、公司规模、账面价值比、盈利水平等因素的条件下,总体来看,信息披露总体质量越高的样本公司的边际股权融资成本越高;盈余激进度与边际股权融资成本负相关;而盈余平滑度与边际股权融资成本的关系并不显著。
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Then the listed companies having the corrections of accounting errors in the period from 1999 to 2004 were collected as research sample. Then the incidence which spurred the listed companies adjust errors in time was testified by methods of mean value test and multivariate linear regression. The major empirical results are summarized below: the inspection of The China Securities Regulatory Commission, other supervision outside and income quality correlated positively with it. The effect on profits correlated negatively with it. The hypothesis of the CPA firm change and assets-liabilities ratio didn't correlate with it.
然后选取了1999-2004年披露了会计差错更正的深沪上市公司作为研究样本,运用均值检验和Logistic回归方法考察了上市公司立即更正会计差错的动因,实证研究结果表明:证监会的检查、其他外部监管、收益质量与会计差错的立即更正正相关,损益影响程度与会计差错立即更正负相关,而事务所的变更假设和资产负债率假设未能通过显著性检验。
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Solutions involving Asynchronous Transfer Mode over cable and alliances between cable companies and phone companies may boost cable's prospects.
在有线电视电缆上使用atm的解决方案和在有线电视和电话公司之间建立联盟,可能会有助于增强有线电视的发展。
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From all indications, no action before the fund companies and insurance companies have begun to do more backhand.
从各种迹象看,没有收到任何基金公司和保险公司的行动已经开始做更多的反手。
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Crane sector at the same time consists of a bunch of famous companies like BEIJING MATERIALS HANDLING RESEARCH INSTITUTE, Demon, Formosa Heavy Industries, Gang Yu, Hanel, INFORM, Jingxing, Kardex, OTL, Sac, TOP TIGER as well as foreign companies like ABUS, Demag from Europe and BANDO, Gorbel and Kito.
在仓储设备领域,Hanel、Kardex、北京起重运输机械研究所、精星、台朔重工、刚玉、德马、国宝鼎虎、东联、沈飞、音飞等知名品牌将汇聚一堂;德马格、安博等欧洲起重机巨头携手美国高博、日本凯道、韩国半岛等知名起重专家齐集出场,超强阵容令人惊叹。
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They can be from the secondary offering financing, the bank bought at a discount price of the stock, and other companies before considering possible to invest in new companies listed.
他们可从二次发行融资中,以折扣价购得银行等企业的股票,然后才考虑投资于可能出现的新上市企业。
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Therefore, for those who need to improve financial indicators of listed companies in terms of listed companies or to be actively trying to put non-recourse to the bank for the discount.
因此,对那些需改善财务指标的上市公司或拟上市公司来讲,可积极尝试向银行提出无追索贴现申请。
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Barcode Maker is used by Fortune 500 companies as well as in mid size and small companies.
条形码生成机使用的是财富500强企业以及中规模和小公司。
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When the oil price was over $120 a barrel, it was the golden days for those solar technology companies, and now when the oil price is below $40 a barrell, the stock price of those solar technology companies are sinking, especially amid the global financial crisis, as they could barely receive enough subsidies from those governments.
当石油价格超过每桶120美元,这是黄金岁月那些太阳能技术公司,现在,当石油价格低于40美元barrell ,股票价格的太阳能技术公司正在下沉,特别是由于全球金融危机,因为他们几乎无法获得足够的补贴,从这些国家的政府。
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In a market economy, competitive environment, companies in order to remain invincible, and must be closely related to survival and development with customers, build good relations with existing customers in the resources based on the maintenance of good And the relationship between customers and the continued development of new customers, companies with high-quality products, quality service, establish a good reputation in the eyes of the customers a good image; and responsibility to customers, constant innovation and development Their own products to meet customer demand for new and regulate the enterprise customer resource management, enhance customer service quality.
科技的发展时代的进步,市场经济的竞争也越发激烈与残酷,在竞争中客户作为市场的最最要的资源,早已成为市场营销的核心,企业间谁拥有的客户多,谁就在竞争中占有绝对的优势在市场经济竞争如此激烈的环境之下,企业要想立于不败之地,就必须和与之生存发展息息相关的客户,建立起良好的关系,在现有客户资源的基础之上,维护好和老客户的关系,并且不断的发展新的客户,用企业高品质的产品优质的服务良好的信誉树立企业在客户心目中的良好形象;并以客户需求为己任,不断的创新与发展自身的产品,以满足客户新需求,并规范企业内部的客户资源的管理方式提升企业的客户服务质量计算机管理系统满足了企业对自身客户资源管理的新要求,减少了客户资源管理过程中的浪费的大量人力物力和财力等
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I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""
客人们在卡罗利娜·埃凯家里,举止就文雅一些,因为卡罗利娜的母亲治家很严厉。
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Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.
由著名品牌 Herm è s 设计,这件高贵的制服是香港本土制造,是我们第一套不配帽子的制服。
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Do not 'inflate' your achievements and/or qualifications or skills .
不要 '夸大' 你的业绩或成果,条件或者技能。