查询词典 equity capital

This paper endogens carbon tax and subsidy two variables, discussing how to decide the optimal level of carbon tax and subsidy. The results of the research are obtained as the following:(1) price and capital subsidy which one is priority depend on the productivity of renewable energy capital, if productivity is high enough, then should adopt capital subsidy policy;(2) price and capital subsidy indeed exist trade-off and non-independent relationship;(3) renewable energy regulation ratio has negative effect on carbon tax, however has positive effect on price subsidy;(4) green certificate price increase will result in decrease carbon tax and price subsidy, but increase capital subsidy;(5) if the authority loose the environmental target, then should impose high carbon tax which maintains the environmental quality, but have ambiguous effect on subsidy policy;(6) increasing stability of renewable energy, then increase price subsidy, however, under budget constraint should decrease capital subsidy;(7) analyzing Taiwan's three wind power energy with different price subsidy, which can improve the technology of wind power energy. In another word, it can raise the capacity of wind power energy and reach the goal of renewable energy.

本文考量政府预算限制下，探讨最适碳税税率与补贴率订定之问题，获得如下发现：(1)发电量补贴与资本补贴对促进再生能源发展效果不一样，决定於再生能源资本的生产力，如果资本生产力足够高，则发电量补贴效果较佳；反之，则应优先采行资本补贴措施；(2)发电量补贴与资本补贴的确存在抵换而非独立关系，亦即在政府预算限制下，为促进再生能源发展，应将种种补贴措施整合考量，以最低行政成本达到再生能源发展目标；(3)再生能源管制配比与碳税税率及资本补贴率呈反向变化关系；而与发电量补贴呈正向关系；(4)绿色权证交易制度具促进再生能源管制目标达到之奖励效果，因此，绿色权证价格提高可降低发电量补贴及碳税税率，降低碳税对经济不利冲击效果；(5)政府如果采行较宽松环境目标，宜提高碳税税率，避免环境品质进一步恶化，然而，对发电量或资本补贴之影响效果不确定；(6)再生能源发电效率愈高，则应提高再生能源发电补贴，在预算限制下，应降低再生能源资本补贴；(7)透过台湾三座风力机组的实证分析，采取差异性发电量补贴，将可诱导较高效率风力机组的投资行为，提高整体风力发电效率，达到再生能源发展之目标。

Corporate capital structure refers to the composition of long-term capital and the proportion of relations, the core of which is debt and equity capital ratio of capital, usually expressed by the rate of assets and liabilities.

资本结构是指企业长期资本的构成及其比例关系，其核心是债务性资本与权益性资本的比例关系，通常用资产负债率表示。

At the same time the author diagnoses the Hongdu Aviations strong partiality for equity capital financing and lack of debt capital financing, low capital profitability and efficiency of capital utilization, inadequateness in its corporate governing structure and unimproved revenues.

立足于我国航空工业上市公司资本融资结构改革的实践，借鉴现代企业资本融资结构理论以及财务管理理论等相关理论成果，采用规范与实证相结合的分析方法，对江西洪都航空上市公司股权资本融资结构与负债资本融资结构改革实践进行考察与分析，并认为该公司自上市以来企业资本融资结构改革取得了很大成效；但是目前仍存在股权资本融资偏好强烈、负债资本融资不足、资产盈利能力不强、资金使用效率不高、经营业绩尚未改善、法人治理结构不尽合理等问题。

Thus the paper puts forward that different forms of expression should be adopted in different fields, the results are as follows: As to the Industry involving national military security, economic security and cultural security, the state-owned capital should be in the form of single proprietorship or conditional diversification, that is to say, taking the solely state-owned company as its main body. As to the strategic industry and basic industry in the vital position to the national economy, the state-owned capital should be As to the strategic competitive industry which plays an important role in development of national economy and society, the state-owned capital account for a certain proportion with the freedom to select holding shares or taking equity participation. As to the industry related to non-strategic competitive fields, state-owned capital does not necessarily exist in the form of state-owned enterprise, it can also obtain the stock right to share the benefit, and to cooperate, even compete with other capitals appropriately.

由此提出了国有资本在不同领域应采取不同的表现形式：在涉及国家军事安全、经济安全、文化安全的产业内，国有资本只能是独资或有条件的多元化，也就是以国有独资公司为主；在关系国民经济命脉的战略产业和基础产业内，国有资本必须保持控股，即还将保留相当数量的国有企业；在对国民经济和社会发展具有重要作用的战略性竞争产业内，国有资本仍要占有一定比重，但可以根据具体情况选择控股和参股；在非战略性竞争领域的产业内，国有资本不一定必须要采取国有企业的形式存在其中，完全可以以股权的形式参与进来，适度与其它性质的资本开展合作与竞争。

Based on the theory of the control benefit driving capital allocation and the control arrangement under the special equity structure in Chinese listed company, this paper empirically studies the capital allocation resulting in control benefit firstly from fixed asset investment and equity merge.

基于控制权收益驱动公司资本配置行为的理论阐释，结合我国上市公司特有的股权结构及其导致的控制权分配格局，从固定资产投资和股权投资两个方面，对形成我国上市公司控制权收益的资本配置行为进行了实证研究。

Stimulated by the illusion of free capital, Chinese listed companies show strong preference to equity financing, and form the financing structure of low debt and high equity. Under the circumstance of law efficient capital market, distempered financing institution, and underdeveloped control transfer market, such kind of financing structure enlarges interest conflicts between stockholders and managements, and lowers the governance efficiency.

我国上市公司在免费资本幻觉的驱使下表现出强烈的股权融资偏好，形成了重股权、轻债权的融资结构，在目前我国证券市场低效、控制权市场欠发达、融资制度不健全的情况下，这种融资结构加大了股东与经理人之间的利益冲突，降低了公司的治理效率。

Equity is the ownership interest in a firm including equity share capital, share premium, preference share capital, free reserves, and surplus profits.

公平是所有权的兴趣，坚定的，包括股权资本，股份溢价，偏好股本，免费的储备，和盈余的利润。

Stock market reallocates the equity capital though dividend paying and SED , and the dispersion in MBR across firms can be used as a measure of the efficiency of equity capital .

股票市场通过上市公司的分红派现和股权再融资进行股权资金的再分配，上市公司市净率的离散度可以作为度量股权资金配置效率的指标。

We should disperse the state-owned enterprise equity, make the state-owned equity shared by some state-owned asset agents and construct reasonable equity structures.

具体操作上应让国有股权分散化，即把国有股配置给多个国有资产代理人，构造合理的股权结构。

Authorized by Beijing Government, China Beijing Equity Exchange is the pioneer and luminary equity transaction institution in China. It provides enterprises with comprehensive and professional service for property rights exchange and other equity transactions.

北京产权交易所是经北京市人民政府批准设立的综合性产权交易机构，作为北京市建设要素市场的主体单位，是以企业产权交易为基础，集各类权益交易服务为一体的专业化市场平台。

Objective To study the effect of chitosan in the prevention of fibrous scar formation in the epidural space after laminectomy.

目的 观察选择性脊神经后根切除术椎板切除后硬膜外几种防瘢痕粘连物质的作用并探讨其机制。

On his way to the lift, he looked back to us or was it me his eyes pointing?

当他要进电梯时，他回头看我们（或者说是我，他的眼光？