我国《公司法》中禁止股票折价发行，而世界上许多国家则允许股票折价发行。
While many countries in the world allow discount shares to be issued, they are banned from being issued in accordance with the Company Law of the Peoples Republic of China.
风险摧毁了对美好未来的承诺，大多数药品大公司的股票如今在市场上折价交易。
The shares of most big drug firms now trade at a discount to the market, as promises of bright times ahead are marred by risk.
随着投资者将资金注入小型、单一业务公司（专注于单一行业），大型石油公司的股票交易就开始折价。
As they put more money in the smaller, pure-play companies that focused on one industry vertical, Big Oil began to trade at a discount.
存在折价率问题的原因是双重投票权股票(dual - classshares)的使用。
The reason for the discount is the use of dual-class shares.
提供折价股票，在他们退休时送给他们股票。
Offer discounted stock, and grant them stock for their retirement.
股票其实是一个有折价券的债券。
资本维持原则普遍采取“票面金额”制和禁止折价发行等股票发行制度。
The doctrine of capital maintenance generally implements the par-value stock and forbid-discounting stock.
本文针对中国股票市场1992- 1997年度的A股和B股的市场分割问题进行研究，并讨论了B股大幅度折价的原因。
This paper studies the issue of market segmentation of a shares and B shares in the Chinese stock market during the years of 1992-1997, and discusses the reasons for the deep discount of B shares.
本文尝试对我国非公开发行股票发行价格与市场价格进行比较，探索增发折价的成因。
This paper tries to compare offer price per share with the market price and to find out the cause of discount.
在此理论基础上，平价期权比折价、溢价期权更能体现期权的激励效果，而且在股票市场大幅低于执行价格时，再定价对双方都是有利的。
On the base of this theory, at the money option is better than premium and discounted options; if the stock price below the exercise price, option price is benefit for company and executive.
对有面值的股票来说，这些差额分别称为溢价和折价，但股份很少折价发行。
These differences are called premium and discount, respectively, for par value stock. However, shares are rarely issued at a discount.
新上市公司股票之发行折价-代理成本与公司控制之研究。
The Underpricing of Initial Public Offerings with Respect to Agency Cost and Corporate...
新上市公司股票之发行折价-代理成本与公司控制之研究。
The Underpricing of Initial Public Offerings with Respect to Agency Cost and Corporate...
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