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In their celebrated papers,Modigliani and Miller (1958,1963) argued that the capital structure decision and dividend policy is a matter of irrelevance,affecting neither the value of corporation nor it's cost of capital.

Modigliani和Miller(1958,1961)的经典论文指出公司的资本结构政策和股利政策均与公司的价值无关。

Since Modigliani and Miller (1958) in his groundbreaking thesis,"the capital structure and corporate value"said that in under ideal conditions the corporate value has nothing to do with corporate capital structure.

自从Modigliani and Miller(1958)在其开创性论文《资本结构与企业价值》中给出了理想条件下企业价值与资本结构无关的命题以来,公司资本结构一直是企业界、管理界和财务理论界研究的一个重要问题。

Based on the existing research and the analysis of organizational form evolution, from household factory to corporation organization, and to modular organization, we figure out that capital increment, technology progress, market factors, transaction cost and new economic elements (information technology, worldwide net, knowledge capital) are the factors which impulse the evolution of organization, and technology progress is the key point.

本文基于现有研究,分析了组织形态从家庭作坊到工厂组织,再到公司制组织,并最终进化为模块化组织的演进历程,认为资本增值性、技术进步、市场因素、交易费用和新经济元素(信息技术、互联网络、知识资本)等因素影响并推进着组织形态变迁,并最终催生了模块化组织。

But instead of relapsing into the global imbalances that prevailed before the crisis, a new modus vivendi is possible: America could offset the inflow of capital from foreign central banks with an outflow of capital of its own.

但是不必重蹈危机前"唱主流"的贸易失衡的覆辙,一出崭新的权益之计是可能的:美国可以利用本国的资本外流来抵消掉外国央行的资金流入。

Not should the capital regard as invest in market a fixed number, also cannot regard investment to do poineering work board the person of the market is from advocate board on those who mog, should see however more increment capital enter the market.

不应该把投资于市场的资金看做一个不变的数,也不能看作投资创业板市场的人都是从主板上撤走的,而是应该看到有更多的增量资金进入市场。

Mohammedan fort built the capital 1961, it is one of the youngest capital on the world.

首都伊斯兰堡建于1961年,是世界上最年轻的都城之一。

Type of real estate as a financial professional strong media "Capital Real Estate Securities Journal" joint "Mongo'mongo Bashang villa tidal animal husbandry held a large-scale lottery —" Look,"Journal of capital real estate securities" free smoke free house , to attract in this show all exhibitors, investors and a number of curious people, becoming the most popular show in the landscape.

类型的房地产作为一个金融专业的强大的媒体"资本房地产证券报"联合" Mongo'mongo坝上别墅潮汐畜牧业举行了大规模的彩票—"你看,"资本杂志房地产证券"免费无烟家,以吸引在此查看所有参展商,投资者和一些好奇的人,成为最流行的显示的景观。

The first one is capital barrier, which means a large amount of initial capital for the perfect monopolizer. This prevents the common enterprise from entrance. The second is the technical barrier, i.e. the monopolizer is in control of certain technology and knack while other enterprises not, and then the market naturally become a monopoly market. Scale economy is the most studied technical barrier. The third one is law barrier, i.e. some exclusive patent rights are protected by the law. For example, patent and copyright are the monopolizations protected by the law. The fourth one is tactic barrier, even without any of the above mentioned barriers; it can also set up barriers through other ways, such as huge amount of advertisement investment.

首先是资本壁垒,即完全垄断企业的起始资本量很大,因此一般的企业难以进入;其次是技术性壁垒,即垄断者掌握了某种生产技术和诀窍,其他企业则没有,这个市场也就自然成了垄断市场,规模经济是一种被研究得最多的技术性壁垒;第三是法律壁垒,有些独家经营的特权是由法律所规定并受到法律保护的,专利和版权就是法律特许的垄断;第四是策略性壁垒,企业即使没有上述三种壁垒,也可以通过其他方式高筑壁垒,例如巨额广告投入。

Montpelier may be the capital of Vermont, but it also goes by another moniker: the Rotten Sneaker Capital of the World.

蒙彼利埃是佛蒙特州的首府,但它另有一个绰号:世界臭球鞋之都。

With that on re-conceptualisations of poverty to identify four main types of strategies: strategies to increase resources, strategies to change the quantity of human capital, strategies involving drawing on stocks of social capital, and strategies to mitigate or limit a decline in consumption also Moser,1998

与上重新conceptualisations贫穷确定的四个主要类型的战略:战略,以增加资源,战略,改变的数量,人力资本,战略制定,涉及对股市的社会资本,和战略,以减轻或限制下降,在消费(也莫塞尔, 1998年

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推荐网络例句

You can snipe the second and third union leaders from this position.

您可以鹬第二和第三工会领袖从这一立场出发。

Aiming at the currently shortage of XML streams quality detecting, this paper proposes a new forecasting method of XML streams quality by least squares support vector machines, which is used the method of XML keys' vector matrix as windows, and vector product wavelet transform to multilevel decompose and refactor the XML streams series, that can fulfill real-time checking demand of XML quality, and ensure constraint, consist- ency and integrality. For even more adapting net load, it proposes a control strategy by weight and adaptive adjustment to ensure XML streams quality.

针对当前XML数据流质量检测存在的不足,提出构建XML键的矢量矩阵作为窗口,利用矢量积小波变换多级分解与重构XML数据流,再结合最小二乘支持向量机对XML数据流质量进行预测的一种方法,满足XML数据流质量重构时实时检测的要求,保证XML数据的约束性、一致性与完整性;为了更好的适应网络负载,采取加权与自适应窗口调整等调度策略充分保证XML数据流的质量检测。

This is a very big challenge to developers especially that Ajax is constantly changing.

这对开发者来说是一个非常大的挑战,尤其是需要不断变化的Ajax。