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Giles Rubens, a strategist at Hildebrandt International, a legal consultancy, says that the credit crunch has taken time to filter through to law firms' profits because the

据Hildebrandt国际法律咨询公司的策略分析师圣伊莱斯·鲁宾斯说，信贷危机对律师事务所业务的影响显现需要一些时间，因为

Giles Rubens, a strategist at Hildebrandt International, a legal consultancy, says that the credit crunch has taken time to filter through to law firms' profits because the "deal pipeline takes up to a year to dry out".

希尔德布兰茨的战略分析师兼法务顾问基尔斯？鲁本斯说信用崩坏需要一定的时间才能影响到律师事务所的业务，因为"这类业务就像管道一样，要等一年才能完全枯竭"。

Giles Rubens, a strategist at Hildebrandt International, a legal consultancy, says that the credit crunch has taken time to filter through to law firms' profits because the " deal pipeline takes up to a year to dry out ". Moreover, big deals in the pipeline can take months to close, and lingering deals from 2007 may have helped this year's results.

据 Hildebrandt 国际法律咨询公司的策略分析师圣伊莱斯·鲁宾斯说，信贷危机对律师事务所业务的影响显现需要一些时间，因为"交易运作要一整年的时间才全部完成"，而大笔交易持续时间较长，而2007年未完结的业务或多或少有助于今年的业绩。

Three generic political strategies (information, financial incentive and constituency building) proposed by Hillman and Hitt are believed to be effective strategies among foreign firms.

Hillman和Hitt提出的"提供信息、财务激励和提供支持"三类政治战略，都被外企认为是有效的政治战略方式。

Taiyuan rail transportation equipment, limited liability company was founded in 1898, is the germination machinery industry in Shanxi Province, the has been over a hundred years of history, is currently the State-owned China Northern Locomotive and a large stake in a class of state-owned enterprises, is the largest Railway electric locomotive maintenance base and the K series hopper car design and manufacture of dominant firms, the company designed and manufactured its own railway engineering job mechanical ranks domestic advanced level.

太原轨道交通装备有限责任公司始建于1898年，是山西省机器工业的萌发地，至今已有百余年历史，现为国务院国资委中国北车股份公司所属的大型一类国有企业，是我国最大的铁路电力机车检修基地和K系列漏斗车设计制造主导企业，公司自行设计制造的铁路工程类作业机械居国内先进水平。

The vertical cooperation and the horizontal competition relations is an important determinant of firms clustering.

企业是否加入企业群落，关键在于它对该群落预期收益率的看法。

According to the research findings, the global commodity chain and its related theories that advocate the governance and the producer/buyer-driven structures, would have biases in their descriptions of present situation. The main reason is that, these theories neglect the "dynamic evolutionary processes of the real world" and "the mutual competition between horizontal firms".

根据本论文的研究结果显示，过去全球商品链等相关论述所倡导的权力统理结构及生产者与买主驱动结构，在描述现况上会产生偏差，主要原因在於上述理论忽略了「现实世界中的动态变迁过程」及「水平厂商间的相互竞争关系」。

To investigate vertical competition in the two-echelon serial supply chain, a M/M/1 queue model is established, the efficiency, firms'decision variables and the customer service level between centralized and decentralized control are compared; a supply chain horizontal competition model is established, the impacts of horizontal competition on performance of the supply chain are analyzed by using theoretical and numerical methods.

针对两级串联供应链中的垂直竞争问题，建立了M／M／1排队模型，对集中控制与分散控制下，供应链的效率、厂商的决策变量和用户服务水平进行了比较分析；建立了供应链水平竞争模型，采用理论分析和数值计算方法，研究了水平竞争对供应链绩效的影响。

We conclude that there are strong incentives for the merged firms to take such horizontal merger which is profitable for them, and find some conditions under which such mergers would decrease market price and raise the consumer welfare and social welfare.

结果表明：参与兼并的企业存在很强的兼并动机，而且对于企业而言有利可图的横向兼并在一定条件下可以降低市场价格，也有利于消费者福利和社会总福利的增长。

Through a three_stage dynamic game model, the paper analyzes the motive and social effect of enterprise horizontal merger in the market with four firms, which exists network externality.

利用三阶段动态博弈模型，研究了存在4家企业、具有网络外部性特征的市场中，企业横向兼并的动机及社会效应。

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。

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。