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Large shareholder's preference for cash dividend can be explained by Free cash flow theory or tunneling theory.

同时,随着持股比例的提高,大股东对上市公司的控制能力也不断加强。

Swire and CITIC both reduced their holdings in Cathay and Air China bought 17.5% of it .

太古和中信都降低了对国泰的持股比例,而中国国际航空公司却购买了国泰17.5%的股份。

We find that there is high negative correlation between assets-liability ratio and holding stock proportion of the biggest shareholder's.

结果发现,资产负债率与第一大股东持股比例显著负相关,即大股东控制的上市公司会更多地选择权益资本融资而不是负债融资。

Mr David said the Aim market had provided CREO with a loyal shareholder base, which would transfer holdings into shares in the new Singaporean vehicle.

大卫表示,AIM曾为CREO提供了一个忠实的股东基础,这些股东的持股将转换为在新加坡上市的新公司股份。

So, how to reduce dual agent cost has become focal point. The paper pointed out that the dual agent relation besides include traditional proxy theory refers conflict, but also the conflict between minority shareholder and major stockholder. It seemed that the major stockholder can effect the election of directors and supervisors, but minority shareholder often abandon supervising because of their low share hold.

双重委托代理关系除了包含传统代理理论所指的所有者与经营者之间的代理关系外,还包含了中小股东与大股东之间的事实代理关系,即在股权结构集中甚至高度集中的情况下,大股东对董事会和监事会都会产生极大的影响,而中小股东由于持股比例较低往往放弃直接参与公司治理转向依赖大股东的监督。

The plan would further enmesh the federal government in a private U.S. company and raise questions about how much a management role the government would take and how long it would own the GM shares.

这一计划将使得美国政府进一步身陷一家私营美国公司,也带来了政府会承担多少管理职责以及会持股通用汽车多久的问题。

The sense of ownership is so important that many progressive companies have ESOP to reward employees.

企业主人翁意识是非常重要的,许多公司都用员工持股方案来奖励员工。

DW: Does it help that you're an ESOP company?

伟福:你们的公司有员工持股计划,这有帮助吗?

Overseas Chinese town of overseas Chinese town Holdings Group Holdings Ltd., as overseas Chinese town a (000,069), its 2004 annual report, company profits meritorious 2004 "launched Fino" tourism property projects (with the remaining 40% of the overseas Chinese town of Shenzhen real estate development cooperation).

华侨城集团控股的华侨城控股股份有限公司,简称华侨城A(000069),其2004年年报显示,公司2004年的利润功臣是"波托菲诺"旅游地产项目(与持股40%的深圳华侨城房地产合作开发)。

On either side, the brambles clambered over heather and gorse, UMBRELLA with clusters of fruit, ripe for picking; a riot of Ultrasound Diagnostic Device , purple and yellow.

高管持股情况也很明了,树莓攀附在石南花和金雀花之上,挂满了串串果实,果子已经熟透,就待采摘了;股价和绿色,股价和黄色,编织成一篇公司融资史。

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