财务公司

Under the guidance of ecology, stakeholder theory and finance environment theory, this paper made an analogy between natural ecosystem and financial ecosystem, firstly define the connotation of financial ecosystem, analyze its ecological characteristics, and then from the aspect of financial information flow, construct a financial ecosystem model which is made up of producer, consumer, decomposer and environment, and the function of each part is also analyzed.

该文以上市公司财务生态系统的构建为主题，界定了财务生态系统的内涵，分析了财务生态系统的生态特征，并建立了财务生态系统的结构模型，但文章存在以下主要问题：（1）财务的生态特性与其经济特性和管理特性是难以分割的，特别是企业的财务决策反映了不同利益主体的经济行为和管理行为之间的利益博弈，而该文在讨论中并没有涉及这些重要问题。

Sometimes the administrator could just glace it with careless or put a varnish on financial statement by changing the accounting process. Once the company financial be realized under degeneration condition which also implied the company had occurred an irretrievable crisis on financial for a while. Therefore, it is very important to study non-financial information such as overlapping to hold stocks and equity capital structure. Those could be supplementary reference materials after traditional financial statement.

这类公司的问题，皆无法单独从财务报表予以诊断，因为管理者可以藉由会计程序的变更或者窗饰企业的财务报表等手法来掩饰，因此在财务出现恶化现象时，企业早已发生无法挽救之严重财务危机，此时除了传统财务指标外，非财务资讯即成为重要的辅助工具。

In sample data, we use the database of Taiwan Finance Database of Taiwan Economic Journal and collect 14,125 company's' finance data which include 153 default company's' data to study. We use these financial data to make Variance Inflation Factor test, and use the result of credit scoring model to make Kolmogorov–Smirnov test and Receiver Operating Characteristic check. Finally, the conclusions are listed as following

在样本资料中，主要是用台湾经济新报中，上市上柜与曾经上市上柜公司资料库，其最后，整理出来的资料结果，共有14125笔公司财务资料可以进行完整的实证分析，违约公司资料有153笔；并将这此公司的财务变数进行线性相关变异数影响因子检定，并将评分模型所得出的结果进行K–S检定与ROC验证，最后再将评分结果进行集区分析以及评等稳定度的检定，其结果所得出的结果包括下列几点

This paper sums up the characteristics, causes and portents of a listed company's financial crisis on the basis of other scholars'studying both in domestic and abroad, which is helpful to building up a more pragma

本文针对上市公司财务危机预警问题，在国内外学者研究的基础上，分析了上市公司财务危机的特征、成因和征兆，有助于建立更为实用、合理、科学的财务危机预警模型。

Under the supervision of Chief Financial Officer of head office and general manager, in accordance with Shama Group's policy and procedures and related requirements of the local government, responsible for the company and all the related financial work, including but not limited to: the establishment of a suitable hotel Apartments operation of the financial system and procedures with leasing, prospects and the financial sector and all the work; to the general manager and other departments in charge of providing advice and support; tax, audit and insurance matters, and to coordinate with the local government maintain good communication with integrity, respect for team spirit and positive attitude in collaboration with departmental of the financial work to ensure that the financial operations and improve efficiency.

在总经理及总公司财务总监的监督下，按照莎玛集团的政策和工作程序以及当地政府相关要求下，负责公司内与财务相关的所有工作，包括但不仅限于：负责建立一套适合酒店式公寓的财务运作系统及流程；配合租赁、前台及各部门一切与财务有关的工作；给总经理及其他部门主管提供建议及支持；处理税务、审计和保险等事宜，协调并能与当地政府机构保持良好的沟通；以正直、尊重团队精神和积极的服务态度配合各部门的有关财务的工作，确保财务运作的完善及高效率。

This thesis analyzes the listed companies' current financial standing,taking into consideration the external social economic factors,enterprises' internal economic state,the authenticity of financial data, as well as the rationality of analysis methods,and works out a financial analysis indicator system for listed companies,which,with concrete indicator figures,reveals the listed companies' debt paying ability,operating ability,profit-making ability and the ability to ensure sustainable development in addit...

施国柱；上海电视大学金融与会计系上海；文章通过分析我国上市公司现时的财务状况，并充分考虑外部社会经济因素、内部企业经济因素、会计信息的真实性因素以及分析方法的合理性因素等问题，设置出一套完整的上市公司财务分析指标体系，用具体的指标数值来全面揭示上市公司的偿债能力、营运能力、盈利能力和可持续发展能力，以真实反映上市公司的经营绩效，并客观地做出科学评价。

SEC Advisery Group Mulls Improvements to U.S. AccountingSEC Advisery Group Mulls Improvements to U.S. AccountingAug. 3, 2007 — WASHINGTON - A 17-member advisery committee began work Thursday on improving U.S. corporate financial reporting, focusing on ways to make it less complex and more useful to both retail and institutional investors.

美联社讯：8月2日，由17名成员组成的SEC咨询委员会开始了其工作，工作的内容主要是改善美国上市公司财务报告的质量，重点放在了降低上市公司财务报告的复杂性及提高实用性上，以便使得财务报告能更好地满足个人投资者和机构投资者的需要。

SEC Advisery Group Mulls Improvements to U.S. AccountingSEC Advisery Group Mulls Improvements to U.S. AccountingAug. 3, 2007 — WASHINGTON - A 17-member advisery committee began work Thursday on improving U.S. corporate financial reporting, focusing on ways to make it less complex and more useful to both retail and institutional investors.

视野据美联社讯：8月2日，由17名成员组成的 SEC 咨询委员会开始了其工作，工作的内容主要是改善美国上市公司财务报告的质量，重点放在了降低上市公司财务报告的复杂性及提高实用性上，以便使得财务报告能更好地满足个人投资者和机构投资者的需要。

The empirical study discovers that:(1) The information technology companies in Taiwan that invest in China shows better financial performance, growth opportunities and company assets than those that don't. It indicates that the companies investing in China have better performance, higher growth in the future, and the tendency to expand;(2) In terms of the relationship between the scale of investment and the performance of the parent companies, the information technology companies listed in Taiwan show an S curve while the top 100 information technology companies in 2005 lead to a U curve, which indicate that information technology companies adopt different management methods at different stages. The enterprises with better sales don't exceed the optimal degree of investment;(3) The growth opportunities of the information technology companies listed in Taiwan investing in China have positive

实证结果发现：（1）台湾资讯电子业赴大陆投资在财务绩效、成长机会与母公司规模皆高於未赴大陆投资者，显示出赴大陆投资者绩效较好、未来具有较高的成长、有大型化的趋势；（2）台湾上市柜资讯电子公司与2005年前百大排名电子公司大陆投资程度与母公司绩效关系分别呈现S型与U型，显示资讯电子业在不同阶段有不同的经营模式，营收较佳的企业未超过最适的投资程度；（3）台湾上市柜资讯电子业赴大陆投资之成长机会对财务绩效具正向影响，显示出大陆投资之成长机会愈高，则有较佳的财务绩效；（4）台湾上市柜资讯电子业之大陆投资程度会影响母公司成长机会，显示随著大陆投资程度的变动，明显牵动母公司的成长机会。

With this background, the paper is trying to make an empirical study on the information content of interim finance reports our listed company disclosed In the process of research, firstly, an analysis of cumulative average abnormal return is carried out Through testing the degree of deviation from zero of cumulative average abnormal return statistically in the certain test window in the days around the disclosure of interim surplus, the paper analyses whether the interim surplus our listed company disclosed has information content Secondly, an analysis of earning response coefficient is made.

在研究过程中，首先对我国上市公司中期财务报告会计盈余信息含量进行了累计平均超额报酬率分析，通过考察中期财务报告会计盈余公告日前后的某个特定研究窗口的累计平均超额报酬率偏离零的程度，对我国上市公司中期财务报告会计盈余是否具有信息含量进行初步的定性分析。

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。