资本

Based on the theory of agency, the theory of property rights and the theory of the ownership structure of the firm, Michael C. Jensen developed a hypothesis of free cash flow. He points out "Conflicts of interest between shareholders and managers over payout policies are especially severe when the organization generates substantial free cash flow. The problem is how to motivate managers to disgorge the cash rather than investing it at below the cost of capital or wasting it on organization inefficiencies."

在借鉴资本结构论、公司控制权市场论、契约论等研究成果的基础上，詹森提出了自由现金流量理论，该理论主要讨论了股东与管理者之间存在的代理成本问题，认为股东应该"促使管理者吐出这些现金，而不是将剩余现金以低于资本成本的收益率进行投资，或者在低效率的组织中耗费"。

The structure of state-owned capital refers to distribution and relation of ratio among differentindustries,enterprises,districts and so on.

国有资本结构是指国有资本在不同产业之间、不同规模的企业之间、不同地区之间等方面的分布状况和比例关系。

However, there is a large divergence between the capital market in reality and assumed perfect capital market.

然而，现实世界中的资本市场与假想中的完美资本市场存在较大背离。

One, the concept of capital and connotation are in our country, the devil that capital is a dreariness be regardinged as by us, evasive old idea.

一、资本的概念和内涵在我国，资本是一个被我们当成可怕的魔鬼、回避了多年的概念。

Among them, have the contradiction of the droit of state-owned capital and right of administration already, also have the contradiction of the droit of collective capital and right of administration.

其中，既有国有资本的所有权与经营权的矛盾，也有集体资本的所有权与经营权的矛盾。

As the value and labor of Marx, the conception of capital is also dualist. Beyond its natural properties, its social properties are the institutional condition of the accumulation of economic surplus.

如同劳动、价值等概念一样，马克思的资本概念也有两重性：它的社会属性是剩余价值不断增殖和资本化的社会条件。

Strong human capital is the a real basis for the country's economic take-off, is more important than physical capital.

雄厚的人力资本是一个国家经济起飞的真正基础，比物质资本更为重要。

If the ratio of the amount of capital input to labor input used increases more than 1%, the elasticity of substitution is elastic, which implies that it is relatively easy to substitute capital for labor.

如资本投入量相对于劳动投入量增加了1%以上，那么这种替代弹性是有弹性的，这就意味着以资本来替代劳动相对比较容易。

The direct causes of education field of education field are the external structuresand the actors\' habitus in the field,in which the interspatial and tiered school systemis its static education structure cause,and the mechanism of the competitive capitalobtaining with the eleven-plus system as its technical selection is its dynamiceducation structure cause.The habitus of the State,the habitus of the educationadministration service,the habitus of the school,and the habitus of teachers are thecauses of the habitus of the problem of elite-role-training of school education.

其中层级化等级化的学校系统是学校教育角色化问题的静态教育结构根源，而考试制度与技术选择的竞争性资本获取机制则是学校教育角色化的动态教育结构根源；而教育场域中国家、教育行政部门、学校和教师对资本搏取与利益追求的欲求是导致学校教育角色化问题的生存心态根源。

Monopoly brought collection in product and capital, and enlarged production scale, big emprise have advantaged status, which favor the development of capitalist produce.

垄断带来生产和资本的集中，也使生产规模扩大，大企业在资本、市场、技术、管理和竞争等方面都占据有利地位，从而有利于资本主义生产的进一步发展。。

This one mode pays close attention to network credence foundation of the businessman very much.

这一模式非常关注商人的网络信用基础。

Cell morphology of bacterial ghost of Pasteurella multocida was observed by scanning electron microscopy and inactivation ratio was estimated by CFU analysi.

扫描电镜观察多杀性巴氏杆菌细菌幽灵和菌落形成单位评价遗传灭活率。