兼并

As for the study of the cause of company administration, the author points out the spring-up of the institution investors, the enhanced sense of participation among the stockholders, the unprecedented large-scale company frauds and bankruptcies, the dissatisfaction of the stockholders and society as a whole caused by the big income rise of the managerial staffs, the problem of "being controlled by the inner-circle" propped up in the economic shift-over and the losses suffered by those with interests connected to company annexations as economic internationalization and liberalization develops. It is the abovementioned phenomena that give rise to the study of company administration theory.

在公司治理的起因研究中，指出机构投资者的兴起、股东参与意识的提高、前所未有的大规模的公司欺诈和公司倒闭案件的增多、经理人员的报酬的大幅上升引起了股东和社会的不满、转型经济国家出现了严重的&内部人控制&问题、随着经济全球化和经济自由化的发展兼并收购对利益相关者的损害，以上诸多方面引起对公司治理理论的研究。

The Germans demanded the "independence" of Poland and Lithuania, which they already occupied, while the Bolsheviks demanded "peace without annexations or indemnities"— in other words, a settlement under which the revolutionary government that succeeded the Russian Empire would give neither territory nor money.

德国人，要求&独立&的波兰和立陶宛队，而他们已经占领的，而布尔什维克要求的&和平兼并或偿&-换言之，解决下，革命政府成功地在俄罗斯帝国将给予既不领土，也没有钱。

The productive enterprise such as the forms of jointventures,cooperative ventures, annexations, contract,leasing, share-holder of technology, from the year whenthey start production and approved by the Tax Bureau,can get back totally the increment of income tax in 2years,and from the 3rd to the 5th year can get back 50％of annual income tax.

合资、合营、兼并、承包、租赁、技术入股等形式的生产企业，从投产年度起，经财税部门审定，2 年内新增的所得税，全部返还给企业，从第 3年到第 5年上缴的所得税的50％返还给企业。

It is true that, in practice, Chinese enterprises seldom adopt the method of mergers to conduct consolidations but prefer to "acquire" the target.

在实践中，中国企业并购中确实很少采用兼并的方式，而多采用&收购&的方式进行。

Large shares for the merging parties or relatively large cross-price elasticities between them tend to result in large price effects.

高份额的兼并双方，或者相对高交叉价格弹性的双方，倾向于产生高的价格效应。

Pending events can include mergers, acquisitions, liquidations, capital collateral, and refinancing.

改善贷款状况的待决因素包括：合并或兼并计划、清算收益、资本注入和再融资。

Thereafter, under the dual role of government and market, Chinese enterprises went through horizontal economic union, reform and reorganization, comprising large groups and acquisition and mergers.

此后，在政府和市场的双重作用下，企业经历了横向经济联合、改制重组、组建企业集团以及收购兼并。

ABSTRACT With the development of market-oriented economy and capital market in China, companies expect to get more stronger competition through group reconstructions, e.g.

伴随我国市场经济改革的不断深入和资本市场的逐渐完善，公司期望通过收购兼并等公司重组形式以达到做强做大的目标。

As Morgan combined more and more industries and railroads after 1901 his power grew almost by geometric ratio.

1901年以后，随着摩根兼并越来越多的工业和铁路，他的力量几乎按照几何比率增长。

Due to the alteration of stock pricing model, the incentive effect of stock ownership, the circulation of the founders' shares, the institutional investors' taking the lead in stock market and the changes in the aspects of merger of corporations, such changes of behavior will result in evolution of the choice of accounting policies, earmings management accounting fraud and disclosure of accounting information, etc.

由于股票定价模式的转变、股权激励和发起人股份流通、以及机构投资者将主导市场、还有收购兼并等方面的变化，就有可能引起会计政策选择、盈余管理以及会计欺诈、会计信息披露等行为的演变。

I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""

客人们在卡罗利娜·埃凯家里，举止就文雅一些，因为卡罗利娜的母亲治家很严厉。

Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.

由著名品牌 Herm è s 设计，这件高贵的制服是香港本土制造，是我们第一套不配帽子的制服。