股东

There lies the informational asymmetry between principals and agents, which put forward two kinds of adverse results: one is moral hazards, two is an antidromic selection.

如何降低代理成本，保证代理人的行为完全符合股东意志，从委托人的角度来进行经营和决策，做最大努力实现委托人的利益，这给企业经营和管理提出了新的挑战。

Dividends are payments by the corporation to equity shareholders based on an apportionment of earnings.

股利是公司基于利润的分配而支付给资产股东的价款。

To get a better appraisal on its capital market value, company A may need to change its stock-holder's structure.

甲公司若欲提高市场对其股票的评价，则必需对股东结构进行改变。

Be in China, although Yang Zhiyuan's Yahoo and Chinese Yahoo had done not have appurtenant relation, dan Yahu company remains company of electronic business affairs one of large stockholder of Alibaba, once Microsoft buys Yahoo successfully, these cooperative relations also extend help Microsoft quickly.

在中国，虽然杨致远的雅虎和中国雅虎已经没有从属关系，但雅虎公司仍然是电子商务企业阿里巴巴的大股东之一，一旦微软成功收购雅虎，这些合作关系也将帮助微软加速拓展。

Their participation enables otherwise impossible take atteempts to become successful; The involvement of the arbitrager explains very well the widely observed stock market movement during the process of the takeover, including the dramatic rise in share price and in transaction volume. It predicts that in most case, a high transaction volume is associated with a high success rate, as well as with a high post-announcement trading price. Also, the higher the bidding price, the higher the success rate and the bigger the jump in share price; The existence of the arbitrager implies that in the tender offer, the shareholder can always expect to get a fixed portion of the total value improvement by the raider. This surprisingly simple division rule of the takeover surplus may have great implications for related empirical research and indicates that the market for corporate control may be efficient.

其次，我们构建了一个股权收购模型，研究套利者在接管过程中的重要作用，并论证了：套利者在公司接管过程中能发挥重要作用，他们的参与能设法使其他方面不可能的接管变得成功；套利者的卷入很好地解释了在接管过程中广泛观察到的股市活动，包括股价和交易量的暴涨，并指出了在大多数情况下，更高的交易量导致更高的接管成功率和接管宣告后更高的交易价，同样，更高的竞价必然导致更高的接管成功率和更大的股价涨幅；套利者的存在指出了在发盘收购中，股东总是期望从袭击者带来的价值增加总量中获得一个固定部分，接管盈余的划分规则对相关经验研究有很大的关系，指出公司控制权市场是有效的。

At BTG Pactual, the big Brazilian investment bank, which was owned by UBS from 2006 to 2009, Mr Arida says the "ambivalent commitment" of foreign investment banks to the country has been their downfall.

巴西最大的投资银行——巴西百达，06至09年间归瑞士联合银行持有。百达股东Arida说外来投资银行"互相对立的承诺"导致了他们自身的衰退。

The private shareholders of The ARION Group have a collective net worth in excess of US$ 100 million.

ARION集团的私有股东们持有集体的财产超过一亿美元。

As a result of the transaction, Asahi will become Tsingtao's second largest shareholder.

此次交易完成后，朝日啤酒集团将成为青岛啤酒的第二大股东。

There was, also, Dad's famously unpopular view of the ascendance of the managers over the shareholders.

还有就是家父对管理阶层超越公司股东取得支配权的现象所持的蜚声闻名却不受欢迎的观点。

Common-sized balance sheets are much like their income statement counterpart with the only difference being that each asset, liability and shareholders' equity dollar item is shown as a percentage of the company's total assets.

通常的-按规定尺寸制作平衡床单多像有着作为那一个每个资产，责任和项目被显示为公司的总资产的百分比的股东的公正元的唯一的不同的他们的收入陈述类似版本。

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。