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Analysis of its causes, in addition to the traditional sense of "historical influence of traditional" factors such generalization, but also by the concept of modern democracy-building in the village at the end; imperfect system of village representatives, the lack of monitoring the implementation of the institutions; villages appeared on behalf of villagers with the villagers of the impact of social stratification efficiency; Basis as a result of poor villages, the villagers than the cost of representatives of institutional arrangements for the proceeds of a direct impact on such factors.

分析其原因,除了在传统意义上的"受传统历史影响"这类普遍化因素外,还受到现代民主理念末在该村庄建立;村民代表制度不完善,缺乏监督执行的机构;村庄出现村民代表与村民的社会分层影响效能发挥;由于村庄基础较差,村民代表会议制度安排成本高于收益等因素的直接影响。

In the part of empirical analysis of Chinese IPO first-day return, the difference between existing study and this study is that we use principal components analysis to extract from five factors to construct investors'sentiment index, add it to controled varibles, on which we examine the influence of offering mechanism on IPO first-day return. Moreover, we gather statistics and compare the IPO holding return for lockup period between fixed-price-class offering method and bookbuilding-class offering method, as well as price range between Chinese A-share market and Hongkong stock market, which prvide comprehensive evidence to appraise Chinese IPO bookbuilding mechanism. 2. Compare to the existing literatures which consider discount or allocation, incentive allocation and discount are considered at the same time in optimal mechanism design in this dissertation, and the offering bottom price is introduced to the price range. We investigate the relationship between price range and allocation quantity, and obtain the optimal price range and allocation strategy so that the advantages of independent allocation are reflected. On the other hand, the disadvantages of independent allocation are reflected in the manipulation in case of no restriction on IPO allocation. To distinguish from the existing literatures, bookbuilding mechanism is introduced to the model. We study the allocation strategy adopted by the underwriter in the pooling equilibrium of manipulation. In addition, we analyze the incentive compatibility conditions to which the existence of pooling equilibrium should satisfy and examine some factors'impact on the existence of manipulation.3. In bookbuilding without independent IPO allocation, Chinese realistic IPO background is considered and the condition of bookbuilding and fixed-price hybrid offering is added. Divide bookbuilding and fixed-price hybrid offering into sequential hybrid and simultaneous hybrid, and point out that the key points of subscription strategy in the two kinds of hybrid are different. Through modeling and simulation we obtain the impact of institutional investors'subscription strategy on bookbuilding without independent IPO allocation, which fill the gap in related research. Moreover, in the part of IPO bookbuilding with over-allotment option, the pricing strategy is divided into hot-IPO strategy and weak-IPO strategy. Take into account the procedure of Chinese IPO with over-allotment option, it presents how the underwriter determines the pricing strategy and what effect it brings to offering price and issue size through modeling and simulation. Therefore, it is instructive as a complement to existing literatures.

此外,对我国A股市场询价发行方式与固定价格发行方式下的IPO锁定期到期时持有收益率、以及我国A股市场与香港市场的询价发行价格区间进行了统计比较,为评价我国IPO市场的询价发行提供了比较全面的依据。2、相比已有文献仅考虑折价和分配中的一种激励措施,本论文在有自主配售权下的机制设计中并用了分配与折价两种激励措施,并且在价格区间的制定中引入发行底价,考察了价格区间与分配量之间的关系,得到最优的价格区间和分配策略,从中体现自主分配权的优点;在有自主分配权下的操纵行为研究中则体现了自主配售权的弊端,与已有文献不同的是,在模型中引入了累计投标询价机制,研究了承销商在混同均衡操纵中采取的分配策略,并对操纵存在的条件进行分析讨论,得出各个因素对混同均衡操纵存在的影响。3、在无自主分配权下的询价发行中,充分考虑了我国实际应用的背景,加入了与固定价格发售混合的条件,并将询价与固定价格混合发行分为序贯与同步两种方式,指出机构投资者在两种情况下申购策略的侧重点各有不同,通过对序贯混合发行方式下的网下累计投标策略以及同步混合发行方式下的资金分配策略的模型建立和数值仿真,考察了机构投资者申购策略对无自主分配权下的询价发行的影响,填补了相关研究文献的空白;在包含超额配售选择权的询价发行中,将发行定价策略分为热销策略和弱销策略,在考虑了我国含超额配售选择权的发行流程下,通过建模以及数值仿真得出承销商会对发行定价策略作出怎样的选取,进而会对新股发行价格、发售数量产生怎样的影响,对目前相关研究的缺乏做出了有益的补充。

Yet there is no accurate way of comparing the cost and impact of a television commercial with the cost and impact of a newspaper advertisement.

然而,还没有什么精确的方法能将电视广告的开支和影响与报纸广告的开支和影响相比。

Modern society, with the continuous development of the Internet, mass media, social life, Telford departure from the behavior of the samples in a state of convergence presented in front of people, its impact on moral education in schools mainly in the acceptance of moral schools subject - the students moral value judgments and moral behavior will impact.

现代社会,随着互联网等大众传媒的不断发展,社会生活中的的德福背离现象以一种汇聚性的样态呈现在人们面前,其对学校德育工作的影响主要表现在对学校道德的接受主体——学生的道德价值判断和道德行为意愿的影响上。

I think you can放宽心.1, your medication earlier in the previous two weeks after fertilization is not a sensitive period of fetal teratogenesis, during which drugs are generally two results, if the impact most likely will be automatically aborted fetus Another result is that there is no impact .2, you are using a foreign medication, drugs in the composition of it is very difficult to reach .3 fertilized eggs, and now very advanced means of inspection, whether the health of the fetus during pregnancy is easy to check out.

我觉得你可以放宽心。1,你用药时间早,在受精后前两周内不是胎儿的致畸敏感期,在这期间用药,一般是两个结果,如果有影响胎儿保不住会自动流产,另一个结果是一点影响也没有。2,你用的是外用药,药里的成份很难到达受精卵。3,现在的检查手段非常先进,胎儿是否健康在怀孕期间很容易检查出来的。

"In fact, the New Deal of the psychological impact on the market than the actual impact."

"实际上,新政对市场的心理影响大于实际影响。"

Beijing's successful bid for the Olympic Games is not a point of impact should be a piece of impact.

奥运会申办成功对北京不是一个点的影响,应该是一个片的影响。

Chinese and English-speaking countries, for example to take a look at their specific mode of thinking and its impact on the cultural differences in the impact.

以中国与讲英语国家为例来具体看看他们的思维模式的差异及其对文化交流的影响。

However, the Izod impact strength of PHB can not be improved in this way. 6. Adding plasticized PPC, a good toughener for PHB, into PHB can change its fracture behavior from brittle to ductile, and increases the Izod impact strength from 36J/m for PHB to 307J/m for 70PHB/30PPC/20PGC.

增塑后的PPC是PHB的良好增韧剂,使PHB由脆性断裂转变为韧性断裂,最佳增韧效果可使PHB的抗冲击强度由36J/m增加到70PHB/30PPC/20PGC的307J/m,增加8倍。

Studies were made of the calculation of fractal dimension of transverse impact fracture surface, and of the correlation between impact toughness of steel and parameters of free-cutting phase by means of the developed fractal geometry model of crack propagation.

通过建立裂纹扩展的分形几何模型,计算了冲击断口的分形维数,研究了冲击韧性与易切削相参数的相关性。

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相关中文对照歌词
Impact
Moment Of Impact
Impact
The Impact Of Reason
推荐网络例句

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应,而且减少跟风的可能性。

The new PS20 solar power tower collected sunlight through mirrors known as "heliostats" to produce steam that is converted into electricity by a turbine in Sanlucar la Mayor, Spain, Wednesday.

聚光:照片上是建在西班牙桑路卡拉马尤城的一座新型PS20塔式太阳能电站。被称为&日光反射装置&的镜子将太阳光反射到主塔,然后用聚集的热量产生蒸汽进而通过涡轮机转化为电力