上市

This paper sums up the characteristics, causes and portents of a listed company's financial crisis on the basis of other scholars'studying both in domestic and abroad, which is helpful to building up a more pragma

本文针对上市公司财务危机预警问题，在国内外学者研究的基础上，分析了上市公司财务危机的特征、成因和征兆，有助于建立更为实用、合理、科学的财务危机预警模型。

Guo Jinlong expresses, in its the office accepts precatory ten plan to appear on the market in the enterprise, had finished those who change, can declare appear on the market have 2 only, 3, among them one is company of Shenzhen this locality, additionally one is in Yunnan.

郭晋龙表示，在其事务所接受委托的十几家拟上市企业中，已经完成股改的，可以申报上市的只有2、3家，其中一家为深圳本地公司，另有一家在云南。

Based on the preceding theoretical analysis, this article studies the efficacy of board of director in China.

在理论分析的基础上，本文对中国上市公司董事会的基本情况进行了统计分析，并分析了目前中国上市公司董事会的效用问题。

And then the paper analyses the influence of the preference of share financing about the Chinese listed companies. The paper sets up the mode of the debt financing-internal cash flow sensitivity by analyzing Has financing constraints theories. And it selects the listed non-financial companies of Shanghai and Shenzhen stock markets to do the demonstration. Two conclusions can be reached from the empirical study:(1) There is a remarkable negative relativity existing between china's listed companies' debt financing and internal cash flow. As the increase of the internal cash flow, the company's debt will decrease. The sensitivity between the two inclines to strengthen with the lapse of time.

通过对融资约束的理论分析，本文建立了债务融资与内部现金流量敏感性分析模型，并以沪市和深市的非金融类上市公司作为样本进行线性回归分析，得出以下结论：(1)中国上市公司债务融资与内部现金流量之间存在着显著的负相关性，即随着内部现金流量的增加，企业的债务融资额将会减少，且随着时间的推移，二者的敏感性有增强的趋势。

At present, there is strong preference towards stock ownership in financing method existing in our agricultural listed companies, which seriously impedes their virtuous development.

当前我国农业类上市公司存在着强烈的股权偏好，严重的阻碍了我国农业类上市公司的健康发展。

Because of stock market's low efficiency,listed companies'internal control,stock financing's low cost and capital market's structural flaw,the listed companies of our country show strong stock financing preference on the choosing of refinancing method.

摘 要：由于股票市场的低效率、上市公司严重的内部人控制、股权融资的低成本以及资本市场的结构性缺陷等原因，我国上市公司在再融资方式的选择上，呈现出强烈的股权融资偏好。

This paper attempts to analyse the financing behavior of the listed company with the behavioral financing theory, and make research on the behavioral factors which result in the preference for stock financing in conjuction with the financing practices of Chinese listed companies.

本文尝试用行为融资理论来分析上市公司的融资行为，同时结合中国上市公司的融资实践来考察导致股权融资偏好的行为因素。

The conclusions are as follows:(1) The mispricing in the stock market is the extrinsic motivation of Chinese listed companies stock financing preference. There are two considerations of stock financing preference.

本文在综合借鉴并吸收了国内外相关研究文献精华的基础上，结合行为金融理论，在非有效市场假设下，建立不同模型，对我国上市公司偏好股权融资的内外部动因进行了实证研究，并得到了如下结论：(1)股票市场的错误定价是造成上市公司股权融资偏好的外部原因。

Then, based on prevenient study, we built the analytic system of the earnings quality of domestic listed compa

本文根据盈余质量的内容并结合钢铁行业的特点，在前人研究的基础上，以盈余的信息质量特征和经济质量特征为原则，全面地选取分析指标，选用能够客观赋权的因子分析法，构建了钢铁行业上市公司盈余质量分析体系，并用此分析体系对2003-2005年钢铁行业上市公司的盈余质量进行了分析，并用分析结果与单一指标分析结果做了对比。

Accounting earnings can provide value relevant information to investors in China′s stock market.We choose the persistence of earnings, one of the factors that contribute to the quality of accounting earnings, as the start point of our research and use the profit from principal operations as the proxy variable of permanent earnings to examine whether the market can differentiate the accounting earnings of different persistence.

在其他研究证明了中国上市公司的会计盈余具有信息含量的基础上，本文选择了影响会计盈余质量诸因素中的一个方面———会计盈余的持续性作为研究的出发点，以在上海证券交易所上市的股票为研究对象，用主营业务利润作为公司永久性盈余的表征变量，检验市场能否区分持续性不同的会计盈余。

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。