查询词典 preference stock

The paper consists of five parts. Firstly I carry on a review to the domestic and foreign scholars" research on the stock price manipulation, in the second part, the paper takes an objective analysis of the way in which china"s stock market is manipulated and the cause of the manipulation. In the third chapter, firstly I find that auto-correlation of time series of stock return and persistency of the GARCH model could be an index for speculative price by comparing the characters between the speculative price and non-speculative price presented by GARCH modeling, and then stick out that low β coefficient is an important symbol of stock price manipulation through empirical study.

本文的研究分五个部分，首先对国内外学者对股价操纵方面的理论和研究成果进行了回顾，在第二部分中结合中国股市的实际情况对中国股票市场的操纵手法及形成的原因进行了客观的分析，第三章首先通过比较非操纵价格与被操纵价格的时间序列GARCH模型的特点，证明被操纵价格存在序列相关，时变条件方差不稳定的特点，然后通过实证研究表明低贝塔系数是市场操纵过程中股价异动的重要标志。

If the Final Stock Price on the Final Fixing Date is below the Reference Stock Price, where the Share Purchase Option is not exercised, a cash amount equal to the Final Stock Price multiplied by the Number of shares per ELI, less Cash Settlement Expenses. or, where the Share Purchase Option is exercised or is deemed to have been exercised, physical delivery of the Number of Shares per ELI (subject to payment of the Physical Settlement Expenses). If there is any Odd Lot Shares, instead of physical delivery of such Underlying Stock, ELI holders will be entitled to receive a cash amount calculated in accordance with the Condition 6.

倘最终股价於最终定价日低於参考股价，倘购股选择权并无被行使，指相等於最终股价乘以每份股票挂钩投资的股票数目的现金金额，再减现金结算费用。；或倘购股选择权被行使或被当作已被行使，指实物交付每份股票挂钩投资的股票数目如有任何不足一手股票，则股票挂钩投资持有人将有权就该等不足一手股票收取一个根据细则第6条计算的现金金额，而不会以实物交付该挂钩股票。

The first part consists of the introduction and basic theories, which remarks correlative literatures and disquisitions and puts forward the transmission mechanism of the stock market. It also analyzes the impacts of the monetary policy for stock market in our country to show the necessity of research on this mechanism. The second part is the microcosmic and macroscopic analysis; it mainly comprises the behaviors of the enterprise, the bank and the inhabitant as well as the stock market, money market and their joint condition. The third part studies the transmitting impacts with demonstration analysis from two aspects, and explains this course using the theories of the first part and the micro-and macro-foundation of the second part. The fourth part is the conclusion and policy recommendations; it includes the factors of effecting the transmission of monetary policy in the stock market, proposes some related suggestions, and points out the research direction in the future.

本文分为四部分：第一部分为导论及基本理论分析，对国内外股市传导机制研究理论文献进行述评，提出系统的股市传导机制，并分析我国股市发展对货币政策的影响来说明研究股票市场传导机制的必要性；第二部分为宏微观基础分析，主要包括企业、银行及居民行为以及股票市场、货币市场及其联结状况分析；第三部分分两个环节实证研究股市传导效果，并利用第一部分的理论与第二部分的宏微观基础进行解释；第四部分是结论及政策建议，归纳影响货币政策股票市场传导的因素，提出相关建议，指出未来研究方向。

Based on the information measurement of stock price published in authoritative economic journals and considering Tobin Q, cash flow, fundamentals, I choose the price-non-synchronicity in stock price as index of price informativeness in stock price and conduct the empirical analysis of the impact of stock market information content on corporate investment in china.

接下来，本文又针对这一模型，提出了可供检验的命题，借鉴国外权威经济学杂志对股票价格信息含量的度量方法，从股票市场信息含量的角度，对我国股票市场对上市公司投资的影响进行了实证分析。

E.g. This is common stock and that is preference stock.

这是普通股，那是优先股。

In the end, there is a brief conclusion . The conclusion of this passage mainly includes: The listed companies have obvious preference for stock right financing, and the financing order is stock right financing, the short-term debt, endogenous financing, the long-term debt, which differs from that of western countries; Financing structure is characterized by comparatively lower asset-liability rate, higher floating debt and lower long-term debt; The governance structure is irrational, and the shareholders" meeting perform practically no function. In the meanwhile, board of director structure is unreasonable, which is highly coincident with the manager layer. Board of supervisors" independent character is poor, while manager layer is lacking in restraints and supervision; The interdynamic

本文的结论：上市公司有明显的股权融资偏好，融资顺序为股权融资、短期负债、内源融资、长期负债，这与西方国家上市公司的融资顺序不同；融资结构具有资产负债率相对较低，流动负债偏高、长期负债偏低的特征；治理结构不合理，股东大会形同虚设、董事会结构不合理、董事会与经理层高度重合、监事会独立性不强、经理层缺乏约束与监督；治理结构与融资策略选择的互动关系不强；独立董事比例与资产负债率正相关，工业、公用事业与资产负债率负相关，商业与流动负债率正相关，第一大股东持股比例与流动负债率负相关，第一大股东持股比例与长期负债率正相关，执行董事比例、工业、商业与长期负债率负相关。

But if people in the industry, said the sale of preferred stock of different terms that there can be huge differences, some preferred liquidity preference shares is higher than the other, in addition, before preferred stock investment, not simply considering the rate of return.

但是，如果业内人士说，不同方面的首选股票出售，也可以有很大的差异，也有人主张流动优先股高于其他，此外，在优先股票投资，而不是仅仅考虑回报率。

Special stock share structure, insufficient market supervision, low proportion of managers holding shares and the weak restriction from outside are deep causes of unstable dividend distribution. Unreasonable finance agency conducts and preference for stock share collection money result in unstable dividend policy.

特殊的股权结构，市场监管力度不够，经营管理者持股比例低，外部制约因素薄弱四个方面是股利分配不稳定的深层次原因，财务代理行为不规范，股权融资偏好也导致了不稳定的股利政策。

He also stressed that even if such non-listed preference shares are trading market, and its liquidity may also be less than listed in the Stock Exchange trading common stock.

他还强调，即使这些非上市优先股的交易市场，其流动性也可能会低于在证券交易所上市交易的普通股。

But corporations' preference to stock makes stock market experiences a rapid developing period comparing to bond market.

但是公司制企业最初对股权融资的偏好使股票市场相对于债券市场而言经历了一个快速发展期。

Although translator has turned from being a crystal ball by which the original culture can unrestrainedly penetrate to another crystal ball by which the target culture can freely traverse, the translator's personal embodiment, in the process of cognitive act, are still absent in translation studies. Translators are still subjects without body or simply disembodied subjects.

译者虽然由原语文化可以自由穿透的玻璃球变成了译语文化可以自由穿越的玻璃球，但译者认知过程中的个体体验在翻译研究中依然缺席，译者依然仅仅是一个没有躯体体验的主体。

Chillingly, he claimed our technology is 'not nearly as sophisticated' as theirs and "had they been hostile", he warned 'we would be been gone by now'.

令人毛骨悚然的，他声称我们的技术是'并不那么复杂，像他们一样，和"如果他们敌意"，他警告说，'我们将现在已经过去了。