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Based on theory and evidence that investors\ incentives to collect predisclosure information increase with firm size, it was hypothesized that investors would find small firms\ announcements especially informative, thereby leading to an intense trading volume reaction (relative to that associated with large firms\ announcements).

西方有关理论指出，投资者对公告前信息的收集会减少信息正式公告时的意外效应，而投资者收集公告前信息的动机与公司规模的大小正相关。因此，投资者会发现小公司的盈余公告比大公司具有更多的信息含量，因而会导致更加显著的交易量反应。

Similar topical anesthetic creams are compounded by the other firms, and today's action seres as a general warning to firms that produce standardized ersions of these creams.

被其他公司合成的相似的表面麻醉剂，还有今天的行动作为生产这些麻醉剂的公司的总的警告。

Selecting Wanxiangqianchao(000559) as sumple, the third level analyzes the investment structure and behavior of listed firms,and talks about the charactericstic of listed firms from the anagle of financing structure and corporate governance.

4ROA、MROA、ROE、CFO对第一大股东持股比例平方的回归系数显著为正，而企业市场价值指标托宾Q和M/B对第一大股东持股比例平方的回归系数显著为负，表明业绩指标和市场价值指标之间存在背离的关系。

Introduction An analysis of the international literature on capital structure, as one of the main elements in determining value, shows that a principal research priority is the attempt to apply capital structure theory to small firms (Berger and Udell 1998; Michaelas et al. 1999; Romano et al. 2001; Gregory et al. 2005).1 Small and medium-sized firms play an essential role in the European economy.

1简介 一个关于资本结构的国际文学作为确定价值的主要因素之一，分析显示，主要研究的重点是试图运用资本结构理论（伯杰和德尔1998年小企业； Michaelas等。1999年；罗马诺等人。2001年；格雷戈里等人。2005年）0.1小和中型公司在欧洲经济发挥了重要作用。

However, different from Salant model, I do not restrict all firms to remain the Cournot strategies before and after the merger, but allow the new merged group a Stackelberg leader and the unmerged firms remain Cournot after the merger.

但是，与Salant模型不同的是，本文不再假定企业在兼并前后始终保持古诺竞争策略，而是假定当兼并发生之后新企业采取的是斯塔伯格竞争策略，而未参与兼并的企业仍然采用古诺竞争策略。

Article 130 Lawyers and law firms may not preach down other lawyers or law firms and their services in the lawyer's advertisements they publicize.

第一百三十条律师和律师事务所发布的律师广告不得贬低其他律师或律师事务所及其服务。

The economic cycle is dichotomized as expansion and recession periods while the companies are categorized as new economy firms and old economy firms.

景气循环二分为景气繁荣与景气衰退时期；公司特性则分为新经济公司与旧经济公司。

The new directive also disallows foreign firms from indirectly influencing Chinese gaming firms through agreements or technology support.

新的指示也不允许外国公司通过合约或是技术支持的形式间接影响中国的游戏产业。

The new directive also disallows foreign firms from indirectly influencing Chinese gaming firms through agreements or technology support.

新的指示也不同意外国公司通过合约和技术支持的方式来间接影响中国的游戏产业。

The new directive also disallows foreign firms from indirectly influencing Chinese gaming firms through agreements or technology support.

这个新的条例也阻止了外国公司通过合约或技术支持来间接的影响中国游戏产业。

With Death guitarist Schuldiner adopting vocal duties, the band made a major impact on the scene.

随着死亡的吉他手Schuldiner接受主唱的职务，乐队在现实中树立了重要的影响。

But he could still end up breakfasting on Swiss-government issue muesli because all six are accused of nicking around 45 million pounds they should have paid to FIFA.

不过他最后仍有可能沦为瑞士政府&议事餐桌&上的一道早餐，因为这所有六个人都被指控把本应支付给国际足联的大约4500万英镑骗了个精光。