杠杆作用

And thus I provide the evidence to undermine the commonly held opinion that China's public companies improved their performance by increasing financial leverage ratio. Seventhly, the international comparison reveals that the development of capital market has direct influence on the industry performance and the capital markets of developed countries are more effective than those of developing ones. Whether the finance system is bank-dominated or capital-market-dominated means little to the effectiveness of capital market and also the industry productivity. Eighthly, capital market, bank and FDI differ markedly in the mechanism of financing selection, supervisory effectiveness and industry characteristics. Averagely, capital market is the most appropriate mechanism among the three out-sourcing financing, considering the supervisory cost and effectiveness comprehensively. Certainly, some flaws remain in this study.

因此，我们认为，中国各产业上市公司产业绩效的提高不是通过提高财务杠杆比例来实现的；第七，基于资本市场自身的国际比较研究表明，资本市场发展程度直接影响其对产业绩效的改善和促进程度，成熟市场的资本配置效率显著高于新兴市场，而金融体系以银行为主导还是以资本市场为主导，并不影响资本市场功能的有效发挥，也不对产业绩效的影响产生效率上的差异，仅仅表现为在多大规模或范围内对产业绩效产生影响；第八，基于资本市场、银行贷款及外商投资3种外源融资方式对产业绩效影响的比较研究，三种方式在融资选择机制、监督力以及所影响的产业特征方面均存在显著差异，三者对不同产业绩效的影响呈现互补作用，而资本市场是监督成本与效力结合较好的融资方式。

Revenue is capable of bringing into play important stimulative and indemnificatory function for building of sxdying type society by way of one of the greatest economy lever and macro-control means that the govment control.

税收作为政府所掌控的最主要的经济杠杆和宏观调控手段之一，能够为节约型社会的建设发挥重要的促进、保障作用。

XX5{I'dc(C0 revenue is capable of bringing into play important stimulative and indemnificatory function for building of saving type society by way of one of the greatest economy lever and macro-control means that the govment control.

g6tr；Qfm0税收作为政府所掌控的最主要的经济杠杆和宏观调控手段之一，能够为节约型社会的建设发挥重要的促进、保障作用。

This marticle reflects the state of affairs concerning magnaement and competition in the highway transnsportation market after it has been invigorated, The article, using Plenty of research data, demonstrates the Positive role that a multilevel, multichannel and economially multiformed system Played in Promoting Circulation and Smoothing away the difficulties in the movement of freight and Passengers from one location to another, It also introduces the effective measures taken by State-run enterprises to fa...

本文反映公路运输市场搞活后，在经营竞争方面的情况。文章运用较多的调查数据，说明了公路运输多层次、多渠道、多种经济形式的体制对搞活流通，解决行路难、运货难所起的积极作用。文章介绍了国营运输业在竞争面前采取的有效对策，也提出了当前运输市场在竞争中存在的问题，以及产生这些问题的原因，针对在价格、税收、能源等方面的不等同竞争，作者从宏观的角度提出了一套解决的办法，即利用经济杠杆，保护合理竞争又杜绝运输市场一些不正之风，从而提高社会经济效益。

Economists and the public opinion is not always called upon the government to control the use of property prices? Market means that 10,000 people in the real interest rate with a lever, you also learn Luning like "raven beak" Wawa music, what He claims that "this limited role."

经济学家们及整个社会舆论不是一直呼吁政府多用市场手段调控楼市价格吗，咋就人家真用起了利率杠杆，你鲁宁之类又学&乌鸦嘴&哇哇乱叫，胡诌什么&此举作用有限&。

But the tax policy is the government adjusts between the different social class, between different area, the different profession the benefit relation of distribution, the promotion with the efficiency, promotes one of fairly city and countryside economic society coordinated development main release levers, is playing the important adjustment poising action in the national economy development.

而税收政策是政府调节不同社会阶层之间、不同地区之间、不同行业之间利益分配关系，促进公平与效率，促进城乡经济社会协调发展的主要杠杆之一，在国民经济发展中发挥着重要的调节平衡作用。

During the evolution of prosperity, there are three typical payment modes: Cash payment, once the earliest, soon was replaced by stock and debenture payment with the development of capital market. Because of the action of the bank and other financial agencies, deferred purchase and lever purchase have taken place of others above quickly.

在西方产权重组发展历史上，现金支付曾经是企业并购的一种最为普遍的支付方式，随着资本市场的日益发展，股票支付和债券支付对西方企业并购发展起了积极作用，之后鉴于银行和各种金融机构在企业收购中的影响愈来愈大，又出现了递延收购和杠杆收购等新的企业并购支付方式。

Directing at the weak point and negative effect of quantitativemanagement, Dagang District News Center arises new reasonable suggestions,tries to win policy support and creates positive official environment at one hand;optimizes digital target management system, emphasizes the coordinating role ofcontribution coefficient, management lever, begins to develop digital managementsoftware and fastens automation procedure of quantitative management at the otherhand.

针对量化管理的薄弱环节和负面影响，大港区新闻中心一方面提出新的合理化建议，争取宏观政策支持，营造有利于量化管理的政务环境；另一方面优化量化目标管理机制，突出贡献系数、管理杠杆的调节作用，着手开发应用计算机管理软件，加速量化管理的自动化进程。

The combination of excessive leverage and mortgage securitisation were at the epicentre of the US subprime crisis.

美国次贷危机的核心诱因是过高的杠杆率和抵押贷款证券化的共同作用。

Over the past five years, urban household incomes grew at a 13.2 per cent compound annual growth rate, compared with an 11.9 per cent CAGR in home prices.

美国次贷危机的核心诱因是过高的杠杆率和抵押贷款证券化的共同作用。

Plunder melds and run with this jewel!

掠夺melds和运行与此宝石！

My dream is to be a crazy growing tree and extend at the edge between the city and the forest.

此刻，也许正是在通往天国的路上，我体验着这白色的晕旋。