negotiable share造句

• This article gives a solution to calculate the value of nonnegotiable shares according to the cost - devoted and the price of negotiable shares
  摘要在分析现有解决股权分置主要方法的基础上，提出了一种新的投入成本法。
• In china , in the author ' s opinion , those drawbacks are the key reasons which cause serious problems existing in non - negotiable shares and the stock holding structure
  形成这种缺陷的深层次原因，在于我国目前股票市场的流通体制和上市公司股权结构存在的严重问题。
• Shares of listed companes in our country are classified into nonnegotiable shares and negotiable shares . nonnegotiable shares include sponsor legal person shares , private placement of legal person shares , staff shares and state shares that include state - owned shares and domestics legal person shares
  我国上市公司的股份分为非流通股和流通股，非流通股包括发起人股、募集法人股和内部职工股，国有股包括国家股和国有法人股。
• The analysis of the thesis points to the conclusion that the inevitable option is to pull the non - negotiable shares onto the same track of the negotiable shares . the thesis contributes some particular measures with a view to render the non - negotiable shares negotiable . ( 3 ) the share - right composition of china ' s listed companies is an extremely concentrated type , which inevitably leads to an absolute control by major shareholders
  根据本文的分析，非流通股向流通股并轨是必然的选择，本文并提出了非流通股流通的具体的对策措施； (三)上市公司的股权结构可以说是一种高度集中的股权结构，这种过度集中导致了大股东的绝对控股，缺少了控制权的竞争，从而导致公司效率的损失。
• Founded on previous argument , and on the premise of admission that the stock ownership of state - owned listed corporations in our country is " different share " , this paper put forward an assumption that the negotiable shares and non - negotiable shares are not par shares , and talked about , with this assumption , how to carry forward the movement of market oriented m & a between or among state - owned listed corporations so as to better the resource - distribution
  在此基础上，在承认我国国有上市公司股权为“异股”的前提下，提出了“国有上市公司流通股与非流通股非平价假设” ，并籍此来推动我国国有上市公司之间市场化并购活动的开展，优化其资源配置。
• The variable intercept fixed effect panel data model set up in this paper based on the financial data between 1997 and 2004 of 34 listed companies in electric power industry has proved that the theoretical analysis of this paper is well founded in that the maturity structure of debt financing has remarkable positive relation with enterprise value ; and that the size of enterprises , the ratio of negotiable share and the shareholding ratio of the first shareholder have significant influence on enterprise value
  本文利用34家电力行业上市公司1997 ~ 2004年的财务数据，通过建立变截距固定效应面板模型，证明企业价值与债权融资期限结构具有显著的正相关关系，这一结果支持了本文的理论分析；实证结果还表明企业规模、流通股比例、第一大股东持股比例对企业价值具有显著的影响。
• The focus of the thesis lies in an elaboration of the influences exerted upon a listed company ' s profit return by the monopolist position the state - owned shares occupy , by the degree to which share - right is concentrated , and by the division of non - negotiable shares and negotiable shares , as well as of the positive promotion to the company ' s profit return by the system of executives buying - back shares and employees " share - ownership . based on theoretical analysis and case study , the thesis proposes some measures for optimizing the share - right composition and enhancing the profit return of the listed companies . the conclusion can be summed up as follows : ( 1 ) owing to the absence of real trustor , the unduly long , hence low , efficiency of the agency chain , state - owned shares are prone to being controlled by insiders and to the problem of share - holders " interests being embezzled by insiders
  基本的分析结论可以概括为如下几点： (一)国有股由于真正的委托人缺位，代理链条过长，代理效率低下，容易产生内部人控制，并发生内部人侵占股东利益的问题，法人股在公司治理中的效率明显优于国有股，因此，如何完善国有资产管理体制是优化股权结构的关键，本文提出了完善国有资产管理体制的具体建议； (二)在非流通股与流通股并存的股权分割下，非流通股股东与流通股股东具有不同的目标函数，非流通股股东的目标函数是提高每股净资产，而流通股的目标函数是股票的二级市场价格，目标函数的不一致，导致股东之间行为的不一致，相互冲突的行为造成效率的损失。
• Starting from the definition of consideration , the paper states the theoretical and legal basis of consideration , and makes comparison between consideration and compensation . the content contains : ( 1 ) consideration is an important concept in the british and american law of contract ; ( 2 ) when nonnegotiable share turns to be negotiable , the price of negotiable share will decrease . therefore , if this action occurs , nonnegotiable shareholders should make promise to protect negotiable shareholders ’ benefits ; ( 3 ) shareholder structure premium is the basic theoretical basis of consideration payment ; ( 4 ) consideration is a reasonable compensation which contract beneficiary gives to sufferer , according to the fair principle of the civil law
  对价从法律上看是一种等价有偿的允诺关系,而从经济学的角度说,对价就是利益冲突的双方处于各自利益最优状况的要约而又互不被对方接受时,通过两个或两个以上平等主体之间的妥协关系来解决这一冲突; ( 2 )把对价运用于股权分置改革,其基本含义是未来非流通股转为可流通时,由于会导致流通股股价下跌,因此,流通股股东同意非流通股可流通的同时,非流通股股东也要对这一行为发生时将充分保护流通股股东的利益不受损作出相应承诺; ( 3 )股权分置溢价是支付对价的基
• Secondly , ownership control is an important way to restrain the act of plundering conducted by large shareholders while protecting the rights of minority shareholders . thirdly , compared to the inefficiency of state - owned shares and negotiable shares , the percentage of shares held by artificial persons is positively related with corporate performance . fourthly , interior shareholding has little stimulant effect on executive of corporate
  目前中国上市公司的股权结构具有以下特征： ( 1 )股权高度集中， “一股独大”现象严重； ( 2 )股份按照投资主体被划分为国家股、法人股、社会公众股，其中占总股本约2 3的国家股和法人股不可流通； ( 3 )内部人即公司高级管理人员持股数量少、持股比例低； ( 4 )机构投资者规模尚小，总体持股比例较低。
• But all of these were not accepted by investors . the paper has proposed to analysis the origin of state shares , the hanns may be caused by nonnegotiable shares and the conunanding position stated shares and put forward a practical project of reducing statc shares , which is reducing the nonnegotiable shares and increasing the negotiable shares of listed companies to realize reducing state share gradually by increasing issue to refund pallial capital to purchase state shares
  本文从国有股的产生根源进行分析，剖析非流通股及国有股一股独大产生的危害，提出一个具有可操作性的国有股减持方案，即通过增发新股筹集的部分资金来回购国有股份，使上市公司非流通的国有股份不断减少，流通股的数量不断增家，实现国有股的逐步减持，并逐步达到全流通。