股权

At the same time the author diagnoses the Hongdu Aviations strong partiality for equity capital financing and lack of debt capital financing, low capital profitability and efficiency of capital utilization, inadequateness in its corporate governing structure and unimproved revenues.

立足于我国航空工业上市公司资本融资结构改革的实践，借鉴现代企业资本融资结构理论以及财务管理理论等相关理论成果，采用规范与实证相结合的分析方法，对江西洪都航空上市公司股权资本融资结构与负债资本融资结构改革实践进行考察与分析，并认为该公司自上市以来企业资本融资结构改革取得了很大成效；但是目前仍存在股权资本融资偏好强烈、负债资本融资不足、资产盈利能力不强、资金使用效率不高、经营业绩尚未改善、法人治理结构不尽合理等问题。

Newly-rising means greater growth, and transiting means indeterminacy, which increases the difficulty of valuation and causes the inapplicability of some valuation methods. Yet, the stock market of China is getting more and more regularly, which increases the applicability of valuation methods.

但是，我国股市在开放和规范中成长，机构投资者的壮大、QFII的引入、股权分置改革、企业会计制度改革、更加严格的信息披露制度、以及对上市公司监管的加强和上市公司陆续推出的股权激励制度等一系列措施和现象都表明：我国股市的规范程度在提高，上市公司的质量在提高、财务透明度在提高，这都为扩大股票估值方法的适用范围提供了基础。

The irrationality of the stock right in the listed corporation of China has become an inarguable fact. Therefore there is a significant meaning both in theory and in practice to explore the ways on how to optimize our country's stock right.

我国上市公司股权结构不合理已是一个不争的事实，因此积极探索我国上市公司股权结构的优化方法，具有重要的理论和现实意义

This paper discussed the applicable area and computation method of long term equity investment, intelligibly explained the important and difficulty problems about long term equity investment. It is favorable for beginners to quickly master the new CAS, and helpful for accountants.

本文论述了新准则中长期股权投资的适用范围和计量等内容，通过实例深入浅出地解释了长期股权投资中的重点、难点问题，有利于初学者快速解读新准则，对会计的实务操作也具有一定的指导作用。

The rule for equity transfer of limited companies in the new Corporation Law (2006) is liable to limit the efficiency of the transfer and may lead to the unfairness of shareholders′ interests.

摘 要：2006年开始施行的新《公司法》在有限责任公司股权转让规则的设计上仍然存在逻辑上的缺憾，使得股权转让的效率受到限制，难以保证交易各方的利益公平。

Acquiring a majority shareholding is such an event. The same is true, to a lesser degree, for the acquisition of a blocking minority stake.

获得了大部分股权即属於这种情况，拥有否决权的少数股权也可归为此类。

The ratio of stock right calculated according to venture investment experiential principles is sound and easy to accept. It can give quantitative analysis support to the venture investment practice.(6)According to the theory of the real option, the author derived value formula of the real option fixed price and investment criterion. Based on above, the paper further research for optimal investment strategy of real option in monopolizing and competition under asymmetry information, and built the value model of real option for the investor and administrator by using the theory of the principle trust-agent Meanwhile, the solution of real option optimal investment and the shift value are derived applying the maximal principle .

针对高新技术企业发展的特点：研制周期长、投资费用高、每阶段风险水平特征差别大，运用实物期权理论与计算方法，通过研究建立嵌入期权现金流量图深入分析计算了企业发展中风险投资的最优策略、股权占有比例问题，对不确定性问题由于采用了有关实物期权计算公式，所以计算结果比基于传统的现金流量图的NPV方法更加客观、科学，同时按照风险投资经验法则计算出的股权占有比例合理易于接受，可为企业风险投资实践活动提供数量分析支持。

After mortgaging his or her stock right the mortgagees wants were the value of stock(the property right of the stock),but the owner of proprietary rights is mortgager.

出质人以其拥有的股权出质后，质权人在乎的是股票本身所具有的经济内容与价值，即股票的财产性权利，而股权的所有者仍然是出质人。

As a kind of security, the pledge of share right is different from that of movables and has its own legal characteristics.

股权不同于一般动产，所以，股权质押作为一种担保方式，也不同于一般动产质押，而具有自己的法律特征。

Ian? Mullin explained that Dehou A shares will not directly intervene in the secondary market, but mainly through a big deal, equity transfer agreement, such as equity investments in listed companies, We will not intervene in order to hype the way, we are in long-term investors.

伊恩？穆林解释说，德厚A股将不直接干预二级市场，而主要是通过一个大问题，股权转让协议，如上市公司的股权投资，我们不会进行干预，以宣传的方式，我们在长长期投资者。

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。