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In 1958, Franco Modigliani and Merton Miller established two propositions for the relation between a firm's capital structure, its market value and cost of capital.

在1958年,佛朗哥莫迪利亚尼和默顿米勒设立了两个主张之间的关系一个公司的资本结构,其市场价值和资本成本。

Since 1958 Modigliani and Miller theory published his hypothesis on capital structure, many different scholars have proposed different theories and have conducted numerous studies on this topic.

资本结构是现代企业财务管理的重要的核心内容之一,自从1958年的MM理论提出后,国内外不同学者、教授对资本结构提出了不同的理论、实证研究。

Based on the existing research and the analysis of organizational form evolution, from household factory to corporation organization, and to modular organization, we figure out that capital increment, technology progress, market factors, transaction cost and new economic elements (information technology, worldwide net, knowledge capital) are the factors which impulse the evolution of organization, and technology progress is the key point.

本文基于现有研究,分析了组织形态从家庭作坊到工厂组织,再到公司制组织,并最终进化为模块化组织的演进历程,认为资本增值性、技术进步、市场因素、交易费用和新经济元素(信息技术、互联网络、知识资本)等因素影响并推进着组织形态变迁,并最终催生了模块化组织。

Type of real estate as a financial professional strong media "Capital Real Estate Securities Journal" joint "Mongo'mongo Bashang villa tidal animal husbandry held a large-scale lottery —" Look,"Journal of capital real estate securities" free smoke free house , to attract in this show all exhibitors, investors and a number of curious people, becoming the most popular show in the landscape.

类型的房地产作为一个金融专业的强大的媒体"资本房地产证券报"联合" Mongo'mongo坝上别墅潮汐畜牧业举行了大规模的彩票—"你看,"资本杂志房地产证券"免费无烟家,以吸引在此查看所有参展商,投资者和一些好奇的人,成为最流行的显示的景观。

The first one is capital barrier, which means a large amount of initial capital for the perfect monopolizer. This prevents the common enterprise from entrance. The second is the technical barrier, i.e. the monopolizer is in control of certain technology and knack while other enterprises not, and then the market naturally become a monopoly market. Scale economy is the most studied technical barrier. The third one is law barrier, i.e. some exclusive patent rights are protected by the law. For example, patent and copyright are the monopolizations protected by the law. The fourth one is tactic barrier, even without any of the above mentioned barriers; it can also set up barriers through other ways, such as huge amount of advertisement investment.

首先是资本壁垒,即完全垄断企业的起始资本量很大,因此一般的企业难以进入;其次是技术性壁垒,即垄断者掌握了某种生产技术和诀窍,其他企业则没有,这个市场也就自然成了垄断市场,规模经济是一种被研究得最多的技术性壁垒;第三是法律壁垒,有些独家经营的特权是由法律所规定并受到法律保护的,专利和版权就是法律特许的垄断;第四是策略性壁垒,企业即使没有上述三种壁垒,也可以通过其他方式高筑壁垒,例如巨额广告投入。

With that on re-conceptualisations of poverty to identify four main types of strategies: strategies to increase resources, strategies to change the quantity of human capital, strategies involving drawing on stocks of social capital, and strategies to mitigate or limit a decline in consumption also Moser,1998

与上重新conceptualisations贫穷确定的四个主要类型的战略:战略,以增加资源,战略,改变的数量,人力资本,战略制定,涉及对股市的社会资本,和战略,以减轻或限制下降,在消费(也莫塞尔, 1998年

The author thinks that human resources can maximize its value and function. At the same time, it can speed up the increment of physical capital. He defines it as"motile"and"positive"increment. 5. The author agrees that there is absolute deficiency in Chinese education investment.

四是提出人力资本不但能在其周转循环中实现价值的增值和效用的更大化,而且还能够带动相应的物质资本价值增值的加速,这是一种"能动的"、"主动的"增殖能力。

Bourdieu indicates that social is multidimensional space, people's status in multidimensional space depends on a quantity of whose capital. The amounts of all kinds of capital he or she possesses are standard of judging their class.

布迪厄表示,社会可视为多面向的空间,人们在社会空间的位置取决於其所拥有的资本数量;一个人所拥有以及运用的全部资本总量,就是阶级的判断标准。

Finance is the core of modern economy. In this paper, the discussion of capital market narrowly focuses on the stock market .

金融是现代经济的核心,本文在讨论资本市场时,着重讨论狭义的资本市场,即证券市场。

Although China's capital market has not fully open the existence of "firewall" of protection but the financial crisis on China's financial markets the negative impact of capital markets can not be avoided.

尽管中国资本市场并没有完全开放,存在"防火墙"的保护,但是金融危机对中国的金融市场、资本市场的负面影响不可回避。

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