证券公司

The two features result in the disjoint of the chain of "earnings-intrinsic value- stock price".

但国外普遍认同的"被遗忘效应"和"纳税效应"都无法对我国证券市场的"小公司效应"进行解释。

This paper is to study thelegal system of the disclosure of information in the view of the dissymmetry ofinformation between the shareholder and the corporate.

本文的出发点是从如何解决股东与公司之间的信息不对称问题的角度展开对证券市场信息披露制度的法律研究。

The divestiture also gradually is becoming one kind of important tool to manipulate capitals for the listed companies.

而随着我国证券市场的建立和发展，资产剥离正逐步成为上市公司资产操作的一种重要工具。

Also known as a "dog and pony show", a road show is when the management of a company issuing securities or doing an IPO travels around the country giving presentations to analysts, fund managers, or potential investors.

也称为"狗和马展"巡回展览是当公司的管理做发行证券或上市前往全国各地演讲的分析师，基金经理，或潜在的投资者。

From the beginning of this year, Ping An of China "hundreds of billions of refinancing," the beginning of almost every true or false or refinancing of listed companies news, the market will lead to a new round of the drop to such an extent that the Securities and Futures Commission to carry out refinancing in the face Norms.

从今年以来，中国平安的"数十亿美元的再融资，"几乎每一个或真或假的消息上市公司再融资，市场将导致对这种下降在一定程度上开始新一轮的证券及期货事务监察委员会进行规范的脸再融资。

Secondly, we choose the proportion of shares held by institutions as dependent variable, and we use log of the total asset, volatility, beta, Jensen Index, debt-to-asset ratio, dividend yield, turnover ratio, years listed in exchange and HS300 Index dummy as explanatory variables. Then we set up a multiple regression model. Finally, we use the cross-sectional data from the end of 2006 to the end of 2007Q3 to test the relationship between the explanatory variables and the proportion held by institutions.

具体方法如下：首先，在已有研究成果的基础上，对我国机构投资者的审慎性持股偏好提出了两个假设；其次，以机构持股占个股流通盘的比例为因变量，以公司的总资产对数值、波动率、贝塔值、Jensen指标、资产负债率、股息率、年度换手率、上市年限为解释变量，并在引入沪深300虚拟变量后，建立了多元线性回归模型；最后，采用我国证券市场迎来历史性大牛市、机构投资者发展最为迅猛的2006年末-2007年3季末的四个横截面数据，对各解释变量与机构持股比例之间的关系进行了实证检验。

In China, earnings management has become more and more universal in listed companies with development of securities market.

在我国，盈余管理是伴随着证券市场的发展而产生的，现已广泛存在于我国的上市公司中。

With securities market development of our country, earnings management of listed companies becomes more and more common.

随着我国证券市场的发展，我国上市公司进行盈余管理的情况越来越普遍。

Eldorado Gold Corporation is listed on the Toronto, New York, and Sydney Stock Exchanges with a market capitalization of about 6 billion dollars.

埃尔乐多黄金公司在纽约、多伦多和悉尼证券交易所上市，市值约为六十亿美元。

In addition to the current products sold by the company to provide after-sales support, but also bear the Shanghai Stock Exchange business outlets VSAT satellite station of the operation and maintenance work, the formation of a stable contingent of engineering services and improve after-sales service management system, and in 2000 Passed the ISO9001 international quality system certification.

目前除对公司所售产品的售后提供支持外，还承担了上海证券交易所营业网点VSAT卫星站的运行维护工作，形成了一支稳定的工程服务队伍及完善的售后服务管理体制，并于2000年通过了ISO9001国际质量体系认证。

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。