上市

This paper quantitates financial risk by constituting the model of measurement financial risk. And the samples are from the public companies'merger and acquisition from 2002 to 2005, this paper demonstrates perfectly the influence of financial risk of acquisition companies from different payment methods. The result of test analysis shows: in one side, the theory of risk-return is unfit in China (by being educed conclusions by other students: different payment methods bring different return, then the author detrusions different payment methods bringing different financial risk, and being tested direct proportion each other); in the other side, this paper answers different payment methods bringing different degree financial risk of acquisition companies: the smallest financial risk from cash payment method, the mean from commingle payment method, the biggest from stock payment method, which can supply reference in the choice of rational companies between payment methods and financial risk .

通过建立企业财务风险度量模型，将企业财务风险量化，并以中国上市公司2002年—2005年间的并购案中所采用的支付方式为样本，对我国上市公司并购中不同支付方式对并购方财务风险的影响做一个较系统、完善的实证检验，一方面从理论上验证了风险-收益理论的在我国的不具有适用性（通过对前人研究结论：不同支付方式带来不同收益，进而反推不同支付方式带来不同的财务风险，验证得出二者成正比关系）；另一方面回答在我国目前市场条件下并购中的不同支付方式引起收购公司不同程度的财务风险，其中现金支付方式下给收购公司带来的财务风险最小；混合支付次之，股票支付方式下财务风险最大，能给企业在并购时选择支付方式与财务风险的最佳组合提供参考。

Chapter three is about the common points and difference points on the choice of listed company.

第三章通过对我国上市公司会计政策选择进行统计分析，来研究我国上市公司会计政策选择的共同点和不同点。

NASDAQ has become known as the home of new technology companies, particularly computer and computer-related businesses.

与纽约证券交易所和美国证券交易所的多数上市公司相比，在纳斯达克上市的大多数公司规模较小。

In methods and so on debt reorganization cannot solve in the serious loss company's question situation, these companies draw back the city finally, will be the development necessity, will consummate our country To be listed's withdrawal mechanism to be advantageous to the optimization stock market resources deployment; Is advantageous in the introduction superior win and the inferior wash out competitive system, the inferior company sets up the crisis to realize, guarantee To be listed's overall quality; Is helpful in suppresses the Stock market excessively congenially, cultivation mature, rational investor.

在债务重组等手段不能解决严重亏损公司的问题的情况下，这些公司的最终退市，将是发展的必然，完善我国上市公司的退出机制将有利于优化证券市场的资源配置；有利于引入优胜劣汰的竞争机制，劣质公司树立危机意识，保证上市公司的总体质量；有助于抑制股票市场的过度投机，培育成熟、理性的投资者。

If have a good swim to appear on the market smoothly, zhang Chaoyang also will become home to own portal business and network game business at the same time two United States appear on the market the " of " capital cosset of the company.

如果畅游顺利上市，张朝阳也将成为国内同时拥有门户业务和网络游戏业务两个美国上市公司的"资本宠儿"。

Dr Michael Zhuang introduction of listed companies and real estate investment trust in the management differs in some listed companies are a lot of decision-making power is subject to his Council and the Board of Trustees of the control; and real estate management of the Trust is subject to the national laws and corporate charter, as well as some of the rules of trust and investment restrictions.

迈克尔庄博士介绍，上市公司和房地产投资信托基金的管理不同的一些上市公司有很多的决策权是受他的理事会和董事会的控制和管理的房地产信托是受国家法律和公司章程，以及一些规则的信任和投资的限制。

After the IPO of The Industrial and Commercial Bank of China, its market value is about US$87 billion, This is almost one and half times of the collective market capitalization of all listed Indian banks - for the 37 listed Indian banks, this is about $ 62.76 billion (Rs 2,86,859 crore).

后工商银行首次公开发行的中国，其市场价值大约为870亿美元，这是近一年对所有上市的印度银行集体市值的1.5倍，使37个上市的印度银行-，这是约627.60亿（2，86，859亿卢比）。

Where the expiration date of the grace period precedes the statutory time limit for disclosing the annual financial statement of 2001 and if the company fails to disclose its 2001 annual financial statement prior to the expiration of the grace period, or it has disclosed the 2001 annual financial statement prior to the expiration of the grace period but fails to file an application within 5 working days after the expiration of the grace period, the stock exchange shall decide to terminate the listing of the stocks of the company within 10 working days after the expiration of the grace period.

宽限期结束日早于2001年度报告法定披露期限的公司，如果未在宽限期结束日之前披露2001年度报告，或者虽然在宽限期结束日之前披露了2001年度报告，但未在宽限期结束日后五个工作日内提出恢复上市申请的，证券交易所应当在公司宽限期结束日后十个工作日内做出公司股票终止上市的决定。

As an important restrictive term for a listed company to provide more stocks,the upper limit of debt ratio makes many listed companies try to have debt disposition.

一、我国上市公司的债务处置及其债务现状目前，债务比率上限是我国公司上市以及配股的重要约束条件之一。

In existing literature, there are lot researches of the decision function for the corporate financing structure to the corporate governance structure.

本部分以具体国家的上市公司为例，分析了在不同的公司治理结构模式下，公司所采用的股权结构和融资结构。同时提出了优化我国上市公司融资结构的一些建议。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。