明显特征

The level of free cash flows and the shareholding ratio of major external shareholders have no significant effects on the start-ups' leverage. However, in order to avoid the firm going bankrupt, the entrepreneur has the stronger motivation to reduce the leverage when he holds more shares, and the levels of the long-term debts and the bank loans decrease significantly with the increase of the entrepreneur's shareholdings.

进一步，受创业者与股东间代理冲突不及成熟企业严重的微观经济特征的影响，自由现金流和外部大股东持股比例对创业企业资本结构无显著影响，而高持股比例使得创业者倾向于选择低的债务水平，且创业者持股对长期负债和银行货款的负向影响较其对短期负债和商业信用的负向影响更为明显。

Furthermore, this article argues that conservatism in this period had been deeply influenced and coined by the time, and the activism and extremeness aspects of conservatism seem quite contradictory to its logic.

不过，本文更想强调的是，60年代的保守主义也带有鲜明的时代特征，具有与其自身逻辑明显不符的极端性和激进性。

Creative industry zones in centre of Shanghai are more than exurban, but the scale is smaller. There are a lot of creative industry zones around universities and scientific research institutions.

上海创意产业集聚区的区位特征表现在，集聚区集中分布在市中心区域，内紧外松、内小外大行业集聚的空间分异明显，高校创意产业集聚群已显现。

Their feature on histology not is apparently, well differentiated liposarcoma with well fattiness tumor as well as dedifferentiated liposarcoma with malignant shuttle shape / much shape do not break up tumor distinguish is still a baffling problem.

它们在组织学士特征不是很明显，高分化与良性脂肪性肿瘤以及去分化与恶性梭形／多形未分化肿瘤的鉴别仍是一个难题。

Mercury frequently rules herbs that are tall, slender and have a feathery foliage.

这些植物的构造通常有明确的轻的特征，完全与那些更加坚实的植物像紫草科植物毛蕊花属的植物有着明显的不同。

In the end, there is a brief conclusion . The conclusion of this passage mainly includes: The listed companies have obvious preference for stock right financing, and the financing order is stock right financing, the short-term debt, endogenous financing, the long-term debt, which differs from that of western countries; Financing structure is characterized by comparatively lower asset-liability rate, higher floating debt and lower long-term debt; The governance structure is irrational, and the shareholders" meeting perform practically no function. In the meanwhile, board of director structure is unreasonable, which is highly coincident with the manager layer. Board of supervisors" independent character is poor, while manager layer is lacking in restraints and supervision; The interdynamic

本文的结论：上市公司有明显的股权融资偏好，融资顺序为股权融资、短期负债、内源融资、长期负债，这与西方国家上市公司的融资顺序不同；融资结构具有资产负债率相对较低，流动负债偏高、长期负债偏低的特征；治理结构不合理，股东大会形同虚设、董事会结构不合理、董事会与经理层高度重合、监事会独立性不强、经理层缺乏约束与监督；治理结构与融资策略选择的互动关系不强；独立董事比例与资产负债率正相关，工业、公用事业与资产负债率负相关，商业与流动负债率正相关，第一大股东持股比例与流动负债率负相关，第一大股东持股比例与长期负债率正相关，执行董事比例、工业、商业与长期负债率负相关。

The results indicate that the most of the tourmaline samples have the filling phenomenon, where the fillings are yellow and white flocculus, with the characteristics of the blue flash and flow structure. Meanwhile, the organics and Pb also could be found by the IR and XRF in the samples which have unnoticeable filling phenomenon.

结果表明，绝大多数碧玺样品都存在充填处理的现象，其内部充填物为黄色与白色絮状物，并具有蓝色闪光、流动构造等特征；其中，充填现象不明显的碧玺样品在红外吸收光谱仪和荧光能谱仪下也可检测到有机物及Pb。

But due to its late starting and imperfect development, our real estate market presents some typical basic-level market characteristics, just as some obvious fluxion undulations.

但由于起步晚，加之发展不完善，我国的房地产市场呈现出较为明显的起伏性波动和其他一些较为典型的初级市场特征。

The Zhusileng-Hangwula belt is between the Yagan fault and the Engger Us fault. Early Palaeozoic non-volcanic flysch shows that it is a pa...

上述各构造单元在沉积建造、岩浆岩组合、变质作用以及地球化学特征等方面都有明显的差异，单元之间以断裂作为界线。

Forest types had significant influences on the nutrient characteristics of plant foliage, litter quality and most of the soil properties, showing significant difference between the deciduous forests and the conifer forests, the two types of conifer forests dominated by pine and larch, respectively.

林型对植物叶片养分特征、叶片凋落物品质指标、土壤的大多数理化特性都有显著影响，其中，落叶阔叶林与针叶林之间的差异最为明显，优势种不同的针叶林之间也不同程度地存在差异。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。