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The headquarters of conglomerates using of tunneling of internal capital market seize and plunder resources of listed companies because of the Government's restrictions on market allocation, low liquidity of capital markets, and the problem of "adverse selection" causing by serious information asymmetry and so on.

因为政府对市场配置限制,资本市场低流动性以及严重的信息不对称导致的"逆向选择"等问题使得许多的集团公司总部利用内部资本市场利益输出行为侵占、掠夺上市公司资源。

Empirical evidence on the relationship between "tunneling" and earnings management suggests that,"tunneling" would decrease the transparency of the whole economy, and then decrease the capital allocation efficiency of capital markets, finally delay the economic growth. Under the conditions that investor protection is very poor and ownership is concentrated, listed companies in Chinese stock market are always agencies of controllers to get private benefits at the expense of minority shareholders.

正出于此,本论文以我国股票市场特殊的制度背景为出发点,在参考Bebchuk(1999)模型的基础上,发展了一个理论模型来证明,在投资者保护薄弱和所有权集中的制度背景下,控股股东具有充分动机来侵占少数股东利益获取控制权私利。

CHAPTER I Chinese IN THE OCTOBER OF 1805 the Russian troops were occupying the towns and villages of the Austrian archduchy, and fresh regiments kept arriving from Russia and encamping about the fortress of Braunau, burdening the inhabitants on whom they were billeted.

第一章 英文一八○五年十月间,俄国军队侵占了奥国大公管辖的几个大村庄和城市,一些新兵团又从俄国开来,驻扎在布劳瑙要塞附近的地方,因而加重了居民的负担。

Book 2 第二部 CHAPTER I 第一章 IN THE OCTOBER OF 1805 the Russian troops were occupying the towns and villages of the Austrian archduchy, and fresh regiments kept arriving from Russia and encamping about the fortress of Braunau, burdening the inhabitants on whom they were billeted.

一八○五年十月间,俄国军队侵占了奥国大公管辖的几个大村庄和城市,一些新兵团又从俄国开来,驻扎在布劳瑙要塞附近的地方,因而加重了居民的负担。

Of the same age on May 9,"China abstruse beauty " the press conference holds to allege in Beijing:"Grand square online "" tort behavior long-standing ", its parent company is royal network company " become aggravated more wild executive tort action "," we add up to barefaced embezzlement the robber act of right beneficial and blackguardly countenance ".

同年5月9日,"神州奥美"在京召开新闻发布会宣称:"浩方在线"的"侵权行为由来已久",其母公司盛大网络公司"变本加厉更加疯狂的实施侵权行为"、"公然侵占我方合法权益的强盗行径与无赖嘴脸"。

The author considered that the range in commendam include the property held in trust immediately by another person and the property held by the owner himself while illegal action of keeping is an exception.

笔者认为,作为侵占罪的犯罪对象,代为保管物范围包括经他人主动委托保管的财物和行为人自行保管的他人财物,但非法保管除外。

The study examines the relationship between earnings informativeness, which is measured by the earnings-return relation, and the ownership structure of the 1495 companies.

研究发现,利益侵占效应在我国企业中确实存在,并且在前十大股东持股比例大于 40%的区间,股权集中程度对会计信息含量的作用尤为显著。

At an early period the Semites must have invaded the mountainous territory to the east of Babylonia.

在较早的时期,闪米特人必须有侵占多山地区向东部的巴比伦王国。

Exposes the textbook correct "Eight-Power Allied Forces occupied Beijing, the burning, killing, looting, stop at no evil"; in the Eight-Power Allied Forces when attacking Tianjin ...... created a shocking Massacre Blagoveshchensk.

教科书正确揭露了&八国联军侵占北京以后,烧杀抢掠,无恶不作&;在八国联军进攻天津的时候……制造了骇人听闻的海兰泡大屠杀惨案。

After seizing the northern provinces of that country in 1931 and organizing them into the puppet state of Manchukuo, Japan had tried to protect its rich loot and to expand its influence in China by a series of interventions, particularly in the rest of northern China.

在1939年侵占了东三省并建立了伪满洲国之后,为了确保累累战果,日本试图通过一系列的干预活动来扩大其在中国,尤其是华北地区的影响力。

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Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时,他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了

The enrich the peopling of Deng Xiaoping of century great person thought, it is the main component in system of theory of Deng Xiaoping economy, it is a when our country economy builds basic task important facet.

世纪伟人邓小平的富民思想,是邓小平经济理论体系中的重要组成部分,是我国经济建设根本任务的一个重要方面。