股

Moreover, we examine how the agency cost between managers and liquid shareholders is affected by nonliquid shares and stateowned shares, which we believed to exist only in Chinese Market. Through the same method of event study, we find a symmetric effect regardless of the proportion of nonliquid shares, and this shows that the proportion of nonliquid shares is not a factor of conflicts between managers and liquid shareholders. As for the sub-sample with stateowned shares, there is a larger positive price impact for firms with high proportion of stateowned shares, which tells us that the stateowned shares do raise the problem of "absence of the owner", and it is a part of agency cost in China.

我们进一步检验了国内特殊存在的非流通股以及国有股对于管理层与流通股东之间代理成本的影响，通过同样的事件研究方法对上述样本进行市场宣告反应检验，结果发现非流通股比例不同的公司其市场反应并无显著差异，说明非流通股的存在对管理层与流通股东之间的代理问题没有影响；而国有股比例不同的公司其市场宣告反应存在显著差异，这说明国有股产生的&所有者缺位&问题成为国内代理成本的一部分，并确实影响了现金股利的发放。

In the last chapter of this paper, we compute and analyze different kinds of portfolio in Chinese "A share" market including low-profit, high-profit, seasonal and nonseasonal.

最后论文计算分析研究了中国a股市场中绩差股、绩优股、周期性股和非周期性股投资组合的在险价值。

The Second, Japan's big enterprise unique stock right structure is: shareholder of enterprise legal personization, legal person hold share load and higher than individual rate of holding share, company it has to be heavy legal person enterprises basically by big share holder, it is high to stabilize shareholder's rate; Legal person's enterprise holds share each other in group from, Above-mentioned unique stock right structures become the property right base of the Japan large enterprises.

第二，日本大企业独特的股权结构为：企业股东法人化，法人持股率高于个人持股率，公司大股东基本上都有是大法人企业；稳定股东比率高；法人企业以集团形式相互持股。

Methods There were to patients of diabetes and 35 patients of non-diabetes in this study. The diameter, inter median thickness, peak systolic velocity, end diastolic velocity, pulsatility index, and resistance index of bilateral common femoral artery, superficial femoral artery, profunda femoral artery, popliteal artery,and pedal artery,and whether there was arteriosclerotic plaque or occlusive diseases were examined with color Doppler ultrasonogh.

糖尿病组70例，非糖尿病组35例，分别应用彩色多普勒超声观察双侧股总动脉、股浅动脉、股深动脉、腘动脉、足背动脉的血管内径、内－中膜的厚度、收缩期最大峰值血流速度、舒张期末血流速度、搏动指数、阻力指数；观察血管内有无硬化斑块、有无完全性和不完全性动脉闭塞。

If, upon such liquidation, dissolution or winding up of the affairs of the Company, the assets of the Company distributable among the Holders of Series A Convertible Preferred Stock and any other series of Preferred Stock ranking on a parity therewith in respect thereto or any class or series of capital stock of the Company ranking on a parity therewith in respect thereto shall be insufficient to permit the payment in full to all such Holders of shares of the preferential amounts payable to them, then the entire assets of the Company available for distribution to such Holders of shares shall be distributed ratably among such Holders in proportion to the respective amounts that would be payable per share if such assets were sufficient to permit payment in full.

公司资产中有可用于在A系列可转换优先股，以及与A系列股等价的其他相关系列优先股或其他相关种类或系列的公司股本股东之间进行分配的部分，在公司事务清算、解散或停业时，如果这一部分资产不足以对上述持有优先可支付额的股东进行全额支付，那么公司应调用全部可用资产，如果这些资产足够进行全额支付，则应根据此类股东各自的每股派息额数量按比例分配。

Participation: After the payment of the Liquidation Preference to the holders of the Series A Preferred, the remaining assets shall be distributed ratably to the holders of the Common Stock and the Series A Preferred on a common equivalent basis; provided that the holders of Series A Preferred will stop participating once they have received a total liquidation amount per share equal to times the Original Purchase Price, plus any declared but unpaid dividends.

参与权：在支付给A系列优先股股东清算优先权回报之后，剩余资产由普通股股东与A系列优先股股东按相当于转换后股份比例进行分配；但A系列优先股股东一旦其获得的回报达到倍于原始购买价格以及宣布但尚未发放的股利，将停止参与分配。

APAC and Shougang Concord have agreed to underwrite a one-for-five renounceable rights issue at 60 Australian cents a share to raise A$96.5 million.

亚太资源和首长国际已经同意以每股0.6澳元的价格认购Mount Gibson 9，650万澳元的可放弃附加股，发行方式为每5股增发1股。

Methods 36 limbs of recurrent LEVI in 35 cases were enrolled in this study , superficial femoral vein、perforating vein incompetence were all applied with B ultrasound examination and intravenous antegrade angiography of deep vein of inferior member before operation ,8 limbs in 7 cases among them were only operated on superficial vein and the main great saphenous vein was remained ; 28 cases in which main great saphenous vein was drawn out were divided into 2 groups, in group B , operation on superficial vein and external valvuloplasty of superficial femoral vein valve were applied ; in group C ,operation on superficial vein and external valvuloplasty of superficial femoral vein valve combined with subfascial endoscopic perforator vein surgerywere applied.

35例36条肢体复发性LEVI，术前全部行股浅静脉、交通静脉B超及下肢深静脉顺行造影检查，其中7例8条肢体原大隐静脉主干未抽剥仅行浅静脉手术；28例大隐静脉主干已抽剥者随机分为B组和C组，各14例，B组行浅静脉手术+股浅静脉带戒术，C组行浅静脉手术+股浅静脉带戒术联合SEPS。

An elevation of the joint line primarily affected the patellofemoral joint with JCF increases of as much as 60% of the patient's body weight at 10-mm JLE and 90% BW at 15-mm JLE, while the largest increase in tibiofemoral JCF was only 14% BW.

关节线抬高后主要产生以下影响：关节线抬高10毫米时，膑股关节的接触力增加约体重的60%；关节线抬高15毫米时，膑股关节的接触力增加约体重的90%；而胫股关节接触力最大增加仅为14%。

On average, tradable shareholders receive about 30 free shares for every 100 shares they hold.

平均而言，流通股股东每持有100股股票可以获得约30股的股票。

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了