企业

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。

This enterprise-to-enterprise, business and individuals, between the individual and the individual provides a good channel of communication.

这为企业与企业，企业与个人，个人与个人之间提供了一个良好的沟通渠道。

In recent years, our enterprises" benefit decrease, and the scale shrinks, so they can"t offer all-directions and low cost logistics service in a long time and also need to improve their logistics condition by themselves. For the special of the logistics enterprises, even social logistics develops to a certain extent, its function can no overlay all the parts of the enterprises logistics. Enterprises logistics have not commutability.

近年来，我国企业效益滑坡，经营萎缩，在相当长的时间内还不能为企业提供全方位低成本的物流服务；同时，第三方物流的兴起，社会物流的蓬勃发展，将极大地改善企业的物流状况。

To achieve these goals, and at the same time to enhance China's influence in international world, CEC became the first national employer organization in the world to support "Global Compact", and plays an key role in promoting "Global Compact" in China and launched a lot of campaigns. On December 8 of 2001, CEC co-organized "Chinese Business in the New World" seminar with UN in Beijing.

为达成这一目标，也为扩大中国企业在国际上的影响力，中国企业联合会、中国企业家协会成为全球第一个参与"全球契约"的国家级雇主组织，并积极参与"全球契约"在中国的推广，与联合国一起于2001年12月8日在北京首次举办了题为"新世界的中国企业"的研讨会。

Registrated in Xiamen Software Center, Taonew Software Company Ltd. has many partners in areas including Shanghai and Shenzhen. Based on the in-depth understanding of the business environment for Chinese enterprises, the company is dedicated in combining world class management philosophy with advanced information technology and helping enterprises to set up a customer-oriented, quick and effective business process for higher comparativeness.

道新软件公司注册在厦门软件园区，并在上海、深圳等区域有广泛的合作伙伴，立足于对中国企业经营环境的深度把握，致力于将世界领先的管理思想和先进的信息技术结合起来，帮助企业建立以客户为中心、快速、高效、敏捷的商务流程，提升企业竞争力。

For adapt to the develpnent after China's join to the WTO of the local market internationalize,the international market domestic turn of current,extend an international competieion further,strengthen business of existence ability,the movenent way of thinking of our company is:Enhance the management to continually raise the movement mode from domestic and intenational markets,enhance the management in the enterprisemperfect investigate a mechanism.

为适应中国加入WTO后国内市场国际化、国际市场国内化的发展潮流，进一步扩大国际竞争优质，增强企业的生存发展能力，本公司的发展思路为：强化管理，继续提高企业经济运行质量，学习掌握国内外先进生产技术、经营管理方法，进一步强化企业内部管理，完善考核机制。

With the economical globalization and the rapid development of E-commerce, CRM centered composes of the critical point of completive capability of enterprise CRM makes the logistical enterprise better in managing customers, but also the competitive capability of enterprise.

摘 要：在经济全球化和电子商务飞速发展的今天，以客户为中心的客户关系管理是构成企业核心竞争力的关键因素，CRM不仅使物流企业在管理客户方面表现更佳，而且可以全力打造企业的核心竞争力。

In a complex and variable economic and social environment, the enterprise strategy is the integrity strategy that the enterprise fits the long-term environment change and realizes the long-term development, which is the key to the enterprise's success or failure.

在一个复杂多变的经济与社会环境中，企业战略是企业适应环境变化和实现长期发展而进行的整体性谋略，是企业兴衰成败的关键。

Based on 5% of statistics, business capital structures are apparently in direct ratio with business scale and to the state and growth of mobile capital composition, and in negative ratio with enterprises' profitability.

在5％统计学水平上，企业资本结构与企业规模、流动性资产构成状况和成长性之间均呈明显的正相关；与企业的盈利能力呈显著负相关。

PDM is the abbreviation of Product Data Management. It is a valid method that relies on the IT technology to realize the optimization of enterprise management, which comes from the combination of the scientific management framework and the realistic enterprise problem, the computer technology and the enterprise culture.

PDM是Product Data Management的缩写，它是依托IT技术实现企业最优化管理的有效方法，是科学的管理框架与企业现实问题相结合的产物，是计算机技术与企业文化相结合的一种产品。

With Death guitarist Schuldiner adopting vocal duties, the band made a major impact on the scene.

随着死亡的吉他手Schuldiner接受主唱的职务，乐队在现实中树立了重要的影响。

But he could still end up breakfasting on Swiss-government issue muesli because all six are accused of nicking around 45 million pounds they should have paid to FIFA.

不过他最后仍有可能沦为瑞士政府&议事餐桌&上的一道早餐，因为这所有六个人都被指控把本应支付给国际足联的大约4500万英镑骗了个精光。