无形的

Kent Daniel and Sheridan Titman (2006) find that while a future return is unrelated to the firm's tangible information which is defined as information related to firm's past accounting-based performance, it is strongly negatively related to the intangible information which is orthogonal to the firm's past performance through decomposition of book-to-market ratio.

Kent Daniel和Sheridan Titman（2006）通过对净资产比市值的分解发现股票收益与有形信息（定义为与账面变化有关的信息）无关，而与无形信息（定义为与账面变化无关的信息）负相关。

Based on Kent Daniel and Sheridan Titman (2006) model, the paper imports bull, bear, bull to bear and bear to bull market conditions as regulated variable and makes an empirical test on relations between expected information, tangible information, intangible information and future stock returns in Chinese stock market.

本文是在Kent Daniel和Sheridan Titman（2006）研究的基础上，进行理论拓展，来研究中国A股股票市场市净率分解得到的预期信息、有形信息和无形信息对股票收益的影响，并引入牛市、熊市、牛市转向熊市、熊市转向牛市四种市场状态作为调节变量。

The finished product in per cent, the innermost pages of the book will be around 2 mm-trim, the page quality impact too obvious, but when posts to 4 in a manner worthy of books and periodicals, back-office will normally be the accumulation of width to 3 ~ 5 mm, and innermost invisible folded edge is for form at trapeziform.

在裁成成品时，最里面的书页就会被裁去2mm左右，这对页面质量产生的影响还不算太明显，可当帖数增至4帖时，书刊的书脊处积累宽度一般会增至3～5mm，最里帖无形地被挤出，裁口处就形成梯形边。

Second, during this day Nvidia will unnoticeably present the new version geForce 8800 GTS with 640 mb GDDR- 3memory and increased from 96 to 112 pieces quantitiesof shaderprocessors.

其次，在这一天nvidia将无形目前新版本的geforce 8800电信640甲基溴的gddr -3记忆增加到96至112枚的数量着色处理器。

We discover, on one hand, the conclusion photograph of Brander and Lewis is compared, the aggression sex trend of the company is weaker; on the other hand, more to intangible assets company, trend of its aggression sex is stronger.

我们发现，一方面，Brander与Lewis的结论相比较，公司的进攻性倾向较弱；另一方面，对无形资产较多的公司而言，其进攻性倾向较强。

Therefore, this thesis is to focus on defaming behavior and its regulation based on the review of goodwill and the right of goodwill.

主体共分为三个部分：第一部分是对商誉和商誉权的一般考察。商誉作为经营者一项重要的无形财产，是商誉诋毁行为侵害的客体。

The value of this additional material is not visible presence, more of the performance of the invisible.

这一额外的物质价值是不可见的存在，对无形效果的详情。

Quantifying the value of an intangible asset is a difficult, but not impossible task.

衡量无形资产的价值是困难的，但不是不可能的事情。

Fourthly,the paper rethinks the axiology of some western economists.

本文认为，经济学说史中各种形式的价值理论，其存在的主要问题是在由没有把有形价值和无形价值的概念区分开来。

Human shape is also given to the inanimate phenomena of nature, such as wind and moon, as well as intangible human experiences such as sleep and death.

人的形状也给没有生命的自然现象，例如风和月球，以及人类的无形经验，例如睡眠和死亡。

It has been put forward that there exists single Ball point and double Ball points on the symmetrical connecting-rod curves of equilateral mechanisms.

从鲍尔点的形成原理出发，分析对称连杆曲线上鲍尔点的产生条件，提出等边机构的对称连杆曲线上有单鲍尔点和双鲍尔点。

The factory affiliated to the Group primarily manufactures multiple-purpose pincers, baking kits, knives, scissors, kitchenware, gardening tools and beauty care kits as well as other hardware tools, the annual production value of which reaches US$ 30 million dollars.

集团所属工厂主要生产多用钳、烤具、刀具、剪刀、厨具、花园工具、美容套等五金产品，年生产总值3000万美元，产品价廉物美、选料上乘、质量保证，深受国内外客户的青睐