证券公司

The stock markets in our country is unadvanced. There are two structure of company management organization control and Owner Management . So the accounting target should be turned into Accounting control o...

我国证券市场不够发达，公司治理结构，既有机构控制型又有拥有者管理型，会计目标应在西方受托责任观基础上，转换成会计控制观；由于上市公司的特殊性，其会计目标应实行会计控制观和决策有用观并存。

Whether inside or outside, it is very popular that listed companies make use of earnings management unsuitably and the improper earnings management has many adverse impacts, resulting in accounting information distortion, baffling the healthy development of securities business, damaging investor's benefit and disturbing the social economy system. So, financial and economic scholars all over the world have paid more attention to how to govern earnings management.

无论国内还是国外，上市公司盈余管理不当导致会计信息失真、阻碍证券市场健康发展、损害投资者利益和扰乱社会经济秩序的现象都非常普遍，所以，如何有效地治理上市公司盈余管理，成为世界各国学者研究的重点和难点。

Fama and Jensen (1983) interpreted it as the right that determining corporate resource management, including employment right, dismissal right and the right to set up compens...

本文的研究发现将在一定程度上完善上市公司控制权转移理论，并有助于推动我国上市公司收购重组领域的证券监管理论发展。

A serious problem among them is that the controlling shareholders intervene the corporation's asser and management wantonly, which largely aggrieves the corporations and its common shareholders.

为了维护证券市场的顺利运做，完善上市公司治理结构，保护中小股东，防止控股股东操纵上市公司，我国引进了独立董事制度。

A serious problem among them is that the controlling shareholders intervene the corporations asser and management wantonly, which largely aggrieves the corporations and its common shareholders.

为了维护证券市场的顺利运做，完善上市公司治理结构，保护中小股东，防止控股股东操纵上市公司，我国引进了独立董事制度。

Article 56 The Company shall disclose the punishments received in the current year, including the punishments and public decries imposed by the CSRC, the Securities Association of China and securities exchanges on the Company and its directors, supervisors and senior managers, and gross punishments imposed by departments in charge of public finance, taxation, foreign exchange and auditing, etc.

第五十六条应披露公司本年度被处罚情况，包括公司和董事、监事和高级管理人员被证监会、证券业协会、证券交易所处罚或公开谴责，以及被财政、税务、外汇和审计等部门做出重大处罚的记录等。

The disclosure of drawing up false accounts, peculating funds , increasing the profits ,unclerance of property rights, the inside trades, which erupt one after another like thunders in our securities market, and the focus of problem is the financial report of the listed company.

近年来对不少上市公司编造假账、挪用资金、虚增利润、产权不分、内幕交易等问题的披露，像一个接一个的惊雷一样在我国证券市场爆发，而问题的焦点就是上市公司所披露的财务报告。

The causes are unreasonable ownership structure effects on corporate in completely changing system, too much attention paid to planned management rather than market mechanism, the unreasonably divided securities, shortage of the corporate seceding system, imperfect rules and immature market subject.

产生这些问题的根源是：公司股权结构不合理使其改制不彻底；政府在股票和企业债券发行制度、证券市场分割、上市公司退出制度等方面重行政手段管理、轻市场优化机制作用；直接融资市场规则不完善、市场主体不成熟。

Nomura, which two decades ago was the world's largest securities house, has its sights overseas: it is said to be once again on a hiring binge in New York, having already snaffled Lehman Brothers in Europe and Asia in September.

野村公司作为二十年前世界最大的证券经纪公司则有其海外眼光：继九月份在欧洲和亚洲轻易地控制了雷曼兄弟后在纽约它又开始新一轮的招人潮。

The product innovation strategy the company should be based on, the providing of professional designs and the needed services in assets management according to the different requirements of customers; in the aspect of the strategy of organizational innovation, it claims the establishment of the asset management subsidiaries which bear limited liability and civil liabilities stipulated by the civil law, the winkling of the existing asset management business; the consummating of its risk control mechanisms and the establishing of its competitive advantage.

再接着，对新时代证券有限责任公司资产管理业务的发展进行研究，公司应该立足于产品创新战略，根据客户的不同需求而提供专业化设计，为其提供资产管理所需要的各项服务；在组织创新战略方面设立具有独立承担有限责任，依法承担民事责任的资产管理子公司，将现有的资产管理业务分离出去；完善风险控制机制；确立自己的竞争优势。

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。