运用博弈论中委托-代理理论对股权-债权的风险投资激励机制进行了研究。
The paper analyses systemically incentive scheme of venture capital under equity-debt by applying principal-agent theory in the game theory.
我们也将讨论公司在不同国家应如何组织架构，以合理地激励公司管理和外部投资者的控制范围。
We also discuss how companies in different countries are structured to provide the right incentives for management and the right degree of control by outside investors.
这却激励了用借来的钱进行更大的赌博投机行为，尽管每位经验的投资者知道当麻烦袭来时流动资金将是第一个消失的。
This has encouraged ever bigger bets with borrowed money, even though every seasoned investor knows that liquidity is the first thing to disappear when trouble strikes.
然而除非债券利差的扩大对投资者而言无任何激励。
Yet unless yields widen there is little incentive for investors to hold its debt.
受到这些激励方案以及涌现出的“石油峰值”理论的刺激，像壳牌、埃克森石油公司以及阿莫科公司成为在太阳能技术上最大的投资者。
Motivated by these incentives and the emergence of "peak oil" theory, companies like Shell, Exxon, and Amoco became some of the largest investors in solar technology.
它们扭曲了激励机制，恐吓其他行业的投资人，他们害怕会成为下一个刀下之魂。
They distort incentives, and scare investors in other industries who fear they may be next.
一位正在寻求风险投资的创业者，恰如一名策马奔腾的武士，在远方VC之城的激励下，满怀渴望地穿越城壕。
An entrepreneur seeking venture capital can feel like a knight on horseback, looking longingly across the moat at the gleaming spires of the VC's "castle" beyond.
这两处变化在本质上与汉密尔顿理论截然相反，因为汉密尔顿认为我们应该采取合理的激励措施，然后放手让私人投资者自主经营。
The two changes are essentially the reverse of Hamilton’s theory that we should get theincentives right and then rely on private management.
与我国传统的业绩评价指标——财务指标相比，EVA能把企业的投资决策、业绩评价和奖金激励统一起来。
With our country's traditional performance evaluation index -the financial index is compared; Eva can appraise and encourage uniting with the bonus the investment decision, performance of enterprises.
与此同时，为激励经理如实报告其事前的私人信息，提高企业的决策效率，就要让经理分享项目的投资收益，并适当给予其期权激励。
Meanwhile, to encourage the manager to report true information and promote decision-making efficiency, the owner should share investment profit with the manager and give appropriate option incentive.
如果它被延伸到24月期的贷款上，那么私人投资者也会受激励在那段时期向银行放贷。
If it extended 24-month loans, then private investors would be encouraged to lend to Banks for periods up to that duration as well.
欧洲领导人就增加该地区债务危机援救资金达成协议的消息激励了投资者，星期四，全球股市大幅上扬。
News that European leaders made a deal to expand a bailout fund in the region's debt crisis encouraged investors, and stocks soared around the world Thursday.
他表示：“由于无人监管，投资银行管理层的激励性措施得以真正实施，即将雇员薪酬提升至最高水平。”
With no one watching, the managements of the investment banks did exactly what they were incentivized to do: maximize employee compensation, he said.
“希望这部电影能够激励中国的青少年热爱足球，同时培养他们努力拼搏的体育精神”，作为投资方之一的赵军说道。
"The film is expected to inspire Chinese teenagers to love football, as well as to cultivate their sports spirit of hard work," said Zhao Jun, one of the investors.
第六条信托公司应建立与私人股权投资信托业务相适应的员工约束与激励机制。
Article 6: a trust company shall establish an employee constraint and incentive mechanism appropriate for the private equity investment trust business.
分析家称，国外投资者是受不断增长的信心的激励。大家相信，全球经济复苏会受到印度和中国这样的国家的推动。
Analysts say foreign investors are motivated by growing confidence that the global recovery will be driven by countries like India and China.
激励机制一直是风险投资研究的热点之一，并且提出了很多定性的研究结果。
Incentive mechanism in venture capital has drawn much attention, and many qualitative, empirical and quantitative analysis and discussions have been proposed.
在分散所有权结构下，代理冲突的实质是管理者激励与投资者保护间的权衡取舍。
Agency conflict is essentially the tradeoff between the manager incentive and investor protect in a dispersed corporate structure.
提高企业的培训投资收益，形成企业的人才优势；有效留住和激励员工。
Increasing company's training investment benefit, forming company's talent advantage, keeping and motivating staff effectively.
首先动态分析了激励费用结构对经理人风险选择的影响，分析结果表明激励费用必然会导致经理人过度的风险投资行为。
The influence of incentive fee structure on the risk taking of manager is analyzed dynamically and the conclusion indicates that it induces the excessive risk choice by manager by all means.
信息生产成本，私利影响的净效果决定了项目投资决策过程中信息生产的分工与激励。
The delegation of information acquisition and incentive depend on the cost of information acquisition cost and the net effect of private (benefits) on the …
因此，如何建立一个有效的机制，来激励约束基金公司和基金经理，使他们更好地为广大投资者服务，就成为一个引人注目的问题。
So, how to construct a efficient mechanism to motivate and to constraint fund managers so that they can work hard for the funds investors is an important question.
另外，讨论了基准组合写入合同的作用，发现把基准组合写进合同可以起到激励的作用并增加投资者对基金经理的了解。
Additionally, the paper discusses the function of benchmark writing into contract and finds that this way can play a role of incentive and enhance the understanding of investor to manager.
机构投资者应在公司董事选任、经营者激励与监督、重大事项决策等方面发挥作用。
Institutional investors shall play a role in the appointment of company directors, the compensation and supervision of management and major decision-making processes.
通过对模型的研究可以看出，相对业绩标准的引入不仅可以提高基金管理者的激励强度，降低基金投资者的风险，同时也可以降低成本。
By researching the model, we find that the introduction of the relative performance can raise the fund managers' incentive efficiency, reduce the fund investors' risk, and also reduce the agency cost.
委托代理理论认为合适的管理费设计将激励基金管理人努力工作从而使自己和基金投资人的利益最大化。
Principal-agent theory argues that the appropriate management fees structure can encourage fund managers to work hard to maximize their and fund investors'benefits.
由于基金投资者对产品差异不敏感，核心资源、核心能力和激励机制欠缺，导致基金业在初始成长阶段产品实质性差异不足。
Besides the fund products do not differ at large, because the managers disfavor differentiation strategy, due to the lack of core resources and competences, and the absence of incentive mechanism.
由于现今国内对基金缺乏有效的管理费激励机制，使基金经理有可能做出有损投资者利益的行为。
Since the lack of an effective management fee mechanism, the fond manager in China take the action that damage investor benefits probably.
由于现今国内对基金缺乏有效的管理费激励机制，使基金经理有可能做出有损投资者利益的行为。
Since the lack of an effective management fee mechanism, the fond manager in China take the action that damage investor benefits probably.
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