查询词典 debt financing

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。

It studies the way of making railway financing as the service platform for railway transportation equipment manufacturers by analyzing the general performance of financing leasing mode, the entry point of financing leasing innovation and its restrictions. Furthermore, it innovatively integrates and combines the trust leasing and sharing-revenue leasing together to resolve the relevant problems of Chinas railway transportation equipment financing: i. trust leasing is designed between financing leasing company and potential investors and manufactures, therefore, the financing leasing company has legal right of management while potential investors and equipment manufacturers involve with financing leasing; ii. sharing-revenue leasing is adopted between financing leasing company and the lessee to realize the leverage of financing leasing. The payment of rental of lessee matches with the benefit of the time to relieve the loan pressure in the early stage and detract the risks.

在分析融资租赁方式的总体表现、我国融资租赁创新的切入点及其制约因素的基础上，研究我国铁路运输装备融资租赁如何成为铁路运输装备生产企业的服务平台，并将委托租赁和分成租赁两种融资租赁方式创新集成、组合，解决我国铁路运输装备融资的相关问题：①在融资租赁公司和潜在投资人及生产商之间设计委托租赁，融资租赁公司具有法定意义的管理权，潜在投资人和设备生产商以融资租赁的方式进入模式；②在融资租赁公司和承租人之间设计分成租赁，发挥融资租赁的杠杆作用，使得承租人支付租金与同期收益相匹配，以减轻前期付款压力，分散风险。

In the end, there is a brief conclusion . The conclusion of this passage mainly includes: The listed companies have obvious preference for stock right financing, and the financing order is stock right financing, the short-term debt, endogenous financing, the long-term debt, which differs from that of western countries; Financing structure is characterized by comparatively lower asset-liability rate, higher floating debt and lower long-term debt; The governance structure is irrational, and the shareholders" meeting perform practically no function. In the meanwhile, board of director structure is unreasonable, which is highly coincident with the manager layer. Board of supervisors" independent character is poor, while manager layer is lacking in restraints and supervision; The interdynamic

本文的结论：上市公司有明显的股权融资偏好，融资顺序为股权融资、短期负债、内源融资、长期负债，这与西方国家上市公司的融资顺序不同；融资结构具有资产负债率相对较低，流动负债偏高、长期负债偏低的特征；治理结构不合理，股东大会形同虚设、董事会结构不合理、董事会与经理层高度重合、监事会独立性不强、经理层缺乏约束与监督；治理结构与融资策略选择的互动关系不强；独立董事比例与资产负债率正相关，工业、公用事业与资产负债率负相关，商业与流动负债率正相关，第一大股东持股比例与流动负债率负相关，第一大股东持股比例与长期负债率正相关，执行董事比例、工业、商业与长期负债率负相关。

First, it analyzes the background of the economy system and reform of the establishment of composite peasant households financing mechanism; defines the goal that build composite peasant households financing mechanism under the condition of uncertain market system; proposes a basic idea of innovation of peasants households financing mechanism at economy transition period, and outlines the frame content of composite peasant households financing mechanism. Composite peasant households financing mechanisms requests: peasant households which are enterprise management as financing main body, innovative financing means as a core, the market mechanism as a means. Our country must gradually establish a peasant household financing decision-making mechanisms and risk-control mechanisms, and create a favorable environment and conditions for peasant household.

首先分析了经济转型期复合型农户融资机制建立的经济体制背景和改革背景；明确了在市场体系还不够健全的条件下，构建复合型农户融资机制的目标定位；提出了经济转型期农户融资机制创新的基本思路，并勾勒出了复合型农户融资机制的框架内容；复合型农户融资机制应当以企业化经营的农户为融资主体，以创新融资方式为核心，以市场调节机制为手段，逐步建立农户融资决策机制和风险控制机制，并为农户融资创造一个良好的环境条件。

From the different point of view, the listed company refinances mechanism has different structure and form of expression. Look from forming the key element, the refinancing mechanism is melted out such key elements as the square , person who incorporates square , price , market , supervision of fund , intermediary ,etc. to form by the fund. According to financing source, the refinancing mechanism while being endogenous and other source financing form again; According to financing way, the refinancing mechanism makes up indirectly by the direct financing. According to financing tool, listed company refinance mechanism include creditor"s rights financing, stock financing, half stock right half creditor"s rights financing.

从不同的角度来看，上市公司再融资机制有不同的结构与表现形式：从构成要素看，上市公司再融资机制由资金融出方、资金融入方、价格、市场、监管者、中介机构等要素构成；从融资来源来看，上市公司再融资机制由内源融资和外源融资构成；从融资方式来看，上市公司再融资机制由直接融资和间接融资组成；从融资工具来看，上市公司再融资机制则包括债权融资、股权融资、半股权半债权融资。

However, one should not ignore the international project financing will accompany with great risk, in the structure of Chinas system of project financing, to balance the interests of the system and risk, legal control is necessary, we have to pay attention to the study of the intrinsic nature of project financing, analysis risk factors clarify the content of the project, straighten out the in the status of project financing and so on, At the same time project financing as a result of successful project financing is a sign between the parties to the rational allocation of risks, and risk allocation is mainly through legal means, risk allocation is reasonable or not directly related to the success or failure of project financing.

更加值得注意的是，国际项目融资作为一种重要的国际融资工具，其本身的风险性特征十分明显，因此，在建构和/或完善我国项目融资制度时，注意制度的利益平衡和风险法律控制是其核心。在风险控制手段方面，我们要注意研究项目融资的内在本质，分析具体项目本身的特性，认识项目风险因素的内容，把握我国法律制度和政策的特殊个性，摆正政府在项目融资中的地位等等，是我国项目融资法律制度完善的必要环节。

And then the paper analyses the influence of the preference of share financing about the Chinese listed companies. The paper sets up the mode of the debt financing-internal cash flow sensitivity by analyzing Has financing constraints theories. And it selects the listed non-financial companies of Shanghai and Shenzhen stock markets to do the demonstration. Two conclusions can be reached from the empirical study:(1) There is a remarkable negative relativity existing between china's listed companies' debt financing and internal cash flow. As the increase of the internal cash flow, the company's debt will decrease. The sensitivity between the two inclines to strengthen with the lapse of time.

通过对融资约束的理论分析，本文建立了债务融资与内部现金流量敏感性分析模型，并以沪市和深市的非金融类上市公司作为样本进行线性回归分析，得出以下结论：(1)中国上市公司债务融资与内部现金流量之间存在着显著的负相关性，即随着内部现金流量的增加，企业的债务融资额将会减少，且随着时间的推移，二者的敏感性有增强的趋势。

In Chapter 1, the author makes a review of the international trade financing development history and concerned theories, and analyzes the essentiality of international trade financing to small and medium-sized foreign trade enterprises. The modes of export trade financing and import trade financing are expounded separately in Chapter 2. The export trade financing includes Loan and Overdraft, Packing Loan, Outward Bill Purchased, Export Discount, etc. And import trade financing includes Limits of Letter for Credit, Trust Receipt, Inward Bill Purchased, Delivery against Bank Guarantee, etc.

其中，对出口贸易融资业务如贷款和透支、打包贷款、出口押汇、出口贴现等，进口贸易融资业务如进口开证额度、信托收据、进口押汇、提货担保等进行了深刻探讨；福费廷和保理业务作为在我国最新发展的国际贸易融资方式在这部分也进行了重点剖析。

It is on the basis of an analysis of the financing behavior that the author draw a conclusion: the optimal financing strategy is determinedby the tangency point of quantity indifference curve of financing and cost indifference curve of financing, furthermore which means to equal to for random two kinds of the marginal financing cost of financing product.

我国证券市场供求的统计范围应该主要界定为证券的一级市场，供给的统计口径应按照新的融资方式分类标难来确定。在对我国证券市场1987—1999年的实际总供求按新的口径范围计算和分析后表明：我国证券市场的平衡是一种管制性的动态平衡，在供给机制与需求机制不对称的同时，需求大于供给。

Addtionally,it studies the financing strategies tendencies through the analysis of entogenous financing, exogenous financing, and the proportion of obligation right financing and interest financing in exogenous financing for the five oil companies.

并又通过内源融资、外源融资，以及外源融资中债权融资和股权融资的比重分析，研究五大石油公司的融资策略走向。

Alternatively, the con- trollers can use the synchronous rectifier itself or loss- less inductor current-sensing methods to provide overload protection with lower power dissipation.

另外，康威特罗勒斯可以使用同步整流器本身或亏损减少电感电流检测方法，以提供低功耗过载保护。

Mr. Dauber's other Schatz hangs in his home movie studio.

多伯把沙兹的另一件作品挂在家里的电影室。