风险资本

What venture corporations need is not only capital but also the experience of stock and capital management.

风险企业需要的不仅仅是资金，而更多的是股权运作、资本运作的经验，了解其他同类企业的管理和行业特征。

The first and oldest rule of capitalism is "caveat emptor," which is Latin for "buyer beware."

资本最初和最成熟的规则就是"买主当心"，即拉丁文所说"请买方当心及自行承担风险"

It has been widely-used in enterprise management, enterprise property transaction, risk investment, circulating necessary funds in capital market, etc.

随着我国改革开放的深入和产权市场的兴起，企业价值理论也逐渐引入我国，并在企业经营管理、企业产权交易、风险投资、资本市场融资等方面广为应用。

At present, China's capital market risks and opportunities coexist.

目前，中国资本市场的风险和机遇并存。

The credit risk management is the core of management and operation of modern commercial bank.

因此，本文选择在巴塞尔新资本协议的框架下研究我国商业银行的信用风险管理具有重要的理论和现实意义。

One of the effective ways to prevent risk contagion is to set up firewalls between banking and capital markets.

防止风险蔓延的有效方式之一，就是在银行业和资本市场之间建立防火墙。

This paper carries out study on corporate governance based on system theory, advances concept of corporate governance, analyzes and abstracts system core of corporate governance from the point of mechanism by means of study on environment energy-rank principle, running mechanism and model of corporate governance. This paper analyzes mechanism of stimulation and restraint by using game theory, verifies effect of stock right structure on efficiency of corporate governance in view of connection between capital and corporate governance, gives method of resolving optimum stock right limit of collection and deconcentration and adventure share model of blending capital, and discusses problem of entrance of stakeholders to corporate governance etc.

本论文以系统理论为基础对公司治理结构进行了研究，提出了公司治理结构系统的概念，分析提炼出了公司治理结构系统核，并通过对公司治理结构系统环境、系统能级原理和系统运行机制与模式的研究，从机制的角度分析了公司治理结构系统运行模式；运用博弈论对公司治理过程中的激励约束机制进行了分析；针对资本结构与公司治理结构的关系，运用模型验证了股权结构对公司治理效率的影响，给出了求解最佳股权集散度的方法和融资风险分担模型；探讨了利益相关者介入公司治理结构的问题等等。

The researchers focus on three questions: How companies estimate capital costs, how they choose the discount factor for an investment project and how they judge the risk elements.

研究人员关心的三大问题是：公司如何评估资本成本？如何为投资项目选择贴现率？如何衡量风险因素？

Nevertheless, China's commercial banks face challenges of their own, including an over extended branch network and related overhead costs, impending additional deregulation in China, potential disintermediation of the banks as China's domestic capital markets develop, a slowing Chinese economy, and foreign competition. In the international marketplace, they lack experience and management skills.

不过，中国的商业银行同样面临挑战，其中包括过度扩张的分支机构网以及相关的营业间称本、中国境内外资管制的即将撤销、随中国资本市场发展而产生的银行脱媒风险、中国经济发展趋缓以及海外竞争压力增大；而从国际化市场的角度看，中资金融机构不仅缺乏经验，还缺乏管理技能。

If we wish to estimate the cost of capital for a particular project, it is project risk that counts.

如果我们希望估计一个特定项目的资本成本，真正作数的是项目风险。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。