税盾的英文

• tax shield

• "税"英文翻译    tax; duty; tallage; due
• "盾"英文翻译    shield guilder; dong; rupiah
• "税额" 英文翻译 :    the amount of tax to be paid
• "税的种类表格" 英文翻译 :    tax categories form
• "税额计算" 英文翻译 :    computation of tax amount
• "税的种类" 英文翻译 :    tax category
• "税额减免" 英文翻译 :    tax credit
• "税的减免" 英文翻译 :    tax bite
• "税额扣减纳税扣除" 英文翻译 :    tax deduction
• "税的基本值" 英文翻译 :    tax base
• "税额评定表" 英文翻译 :    tax assessment rolls
• "税的百分比" 英文翻译 :    tax percentage

• No matter is looked from the short - term or for a long time , capital structure is strongly related to non - debt tax shield and profitability
  不论是从短期还是长期来看,公司的资本结构都相关于非负债类税盾和盈利能力。
• This concept implies that an enterprise needs to be concerned with its cash flow , its level of risk and the continuity of its development . it is the phylosophy of this concept that makes it popular and accepted by more and more global avanced companies
  企业基本财务决策中，决定未来生产经营活动现金流量的唯一因素是投资决策，融资决策可能产生的税盾效应也会对这一现金流量起部分修正作用。
• Due to qingdao haier ' s preference for raising fund by issuing new stocks , its capital structure is not reasonable , if it raise fund by convertible bond , it will increase value through tax shield , it will also reduce the agency cost brought about by debt
  采用可转换债券融资可以利用债务的税盾作用为公司创造价值，还可以减少债务带来的代理成本。青岛海尔发行可转换债券必须切实加强管理，使可转换债券顺利转换。
• They are firm size , profitability , non - debt tax shield , growth , tangibility , ownership structure and firm governess structure which are based on the issues of empirical study . the results suggest that the capital structures of our listed corporations are different comply from those of the empirical analysis in developed countries ,
  公司的盈利能力、公司规模、成长性、非债务税盾和所有权结构对上市公司资本结构影响显著,并且在各年的影响程度不同。
• The results show that the industry factor , the company size and the proportion of non - debt tax shields have a remarkable effect on the choice of capital structure , while the multiple of interest safeguard and the proportion of asset collateral value do not have an obvious effect on the asset - liability ratio
  结果表明：行业因素、公司规模和非负债税盾比例对资本结构的选择有显著的作用，而利息保障倍数和资产担保价值比例对资产负债率没有明显的影响。
• There are a lot of conclusions yet in debt financing and stock financing : for example debt financing is superior to stock financing because of the existence of tax shield and risk premium , but obviously many this kind of conclusions are overthrown during our country ' s economical operation
  债权与股权融资本来已经有许多结论：如由于税盾与风险贴水，债务融资优于股票融资；融资顺序理论等。但显然在我国经济运行中许多这种结论被否定，好像是出现了无效率。
• Taking non - finance chinese listed companies in a share securities market as the example , the paper applies statistical and metric method , rational analysis and empirical evidence to study the existing situation of the debt maturity structure and its impact factors and determinants . with the help of spss , the paper analyzes 656 sample companies ’ financial data from 1998 to 2004 to describes the debt maturity structure ’ s existing situation , while applies their financial data from 2001 to 2004 to analyze the determinants of debt maturity structure . in order to analyze the impact of trade and economic developing level , the paper employs 1164 non - finance companies ’ finance data of 2003 and the data of china statistical yearbook ( 2004 ) . the paper also uses one - way anova and stepwise regression to help the empirical evidence
  其中,分析中国沪深a股市场中上市公司债务期限结构现状时,选取了656家样本公司在1998 - 2004年这七年间的财务数据;在综合分析公司成长机会、公司规模、资产期限、公司质量、实际税率和非债务税盾等因素对中国a股市场中上市公司债务期限结构的决定性时,仅选取了上述样本公司在2001 - 2004年这四年间的相关数据;分析行业特征和经济发展水平对我国债务期限结构的影响时,采用了2003年沪、深a股市场中1164家分布于12个行业门类的非金融上市公司为研究对象,同时,还运用了《中国统计年鉴2004 》中相关数据。
• Part 3 is the empirical analysis to the influencing factor of listed company ' s capital structure in china , specifically with spss software and main composition analysis method , it correlated dividend policy , income tax , equity structure , non liability tax shield and income variation level of company , company growth , company ' s profit ability , asset structure , company ' s scale with capital structure ( the contents embrace btdr , bldr , bsdr ) , we make the conclusion as follows : comparing with the research result of influencing factor of the company ' s capital structure of the developed country , the influencing factors of the listed company ' s capital structure in china have partial similarnesses
  第三部分中国上市公司资本结构的影响因素分析这部分是本文的重点之一，具体是采用spss11 . 5软件，用主成分分析法与多元回归分析，对公司的股利政策、所得税、股权结构、非负债税盾、收入变异程度、公司的成长性、公司盈利能力、资产结构、公司规模与代表资本结构的变量( btdr ， bldr ， bsdr )作相关研究，结果是：和发达国家公司资本结构的影响因素研究结果相比较，我国上市公司资本结构的影响因素存在部分相似性。
• Thirdly , based on correlation and multiple regression analysis , the thesis employs 165 listed companies in service industry , studies empirically inner influential factors of capital structure . it ' s concluded that leverage increases with rate of sales growth ; decreases with profitability , tobin ' q and non - debt tax shields ; and there is no significant correlation between firms " size , real tax , assets collateral value , ownership structure and leverage
  对我国服务业165家上市公司2001 - 2002年末财务数据进行相关性和多元回归分析，得出，企业杠杆和主营业务收入增长率显著正相关；和托宾指数、盈利能力、非负债税盾显著负相关；和企业规模、实际税率、资产担保价值、股权结构没有显著影响。
• We must think of three factors to make a best capital structure . first factor is margin tax shield , namely , the ratio of firm value ' s increment for liability and the increment of liability blow . second factor is finance crisis net lost that is bought in future . thirdly . we must make much of the market action and adjust capital structure
  确定一个最优的资本结构主要考虑以下三个要素：第一，边际税盾，即由于负债导致企业价值增量与负债额的增量的比值，以边际税盾为零作为界点；第二，估计未来可能招致的财务危成本；第三，密切关注市场的反应，不断调整资本结构。