进行商业、特别是投资决策时，将商业风险和未来现金流折扣(即资金的时间价值)考虑在内。
It takes into account commercial risk and discounts future cash flows (that is, it takes into account the time value of money) when making commercial, and particularly investment, decisions.
不考虑你是否风险投资，资金的有效性和引导指令具有决定性的价值。
Regardless of whether you have taken venture capital or not, capital efficiency and bootstrapping are critical values.
到目前为止，我们还只是开始在这种风险投资要求之下，对价值创造和组织创造过程的研究可能性进行探索。
To date, we have but begun to mine the potential in this setting to study the value cre-ation and organization creation processes.
理性的投资者选择更多的价值，且比起较多风险更喜欢较少的风险。
A rational investor chooses more value over less, and prefers less risk to more risk.
关于技术社区，风险投资商是很有价值的信息渠道。
Venture capitalists can be valuable sources of information about the tech community.
对商业天使投资者方面的研究特别适合于探究风险和价值创造的过程。
Research in the business angel domain would be especially suited to exploration of the processes of venture and value creation.
随着英国房地产投资者恍然大悟以及不再接受更低的收益率：房产的收益率曾一度低于无风险的国债的收益率(见图表)，商业地产的价值开始下降。
Values lurched downward as investors in British property woke up and stopped accepting ever lower yields: at one stage these had dropped below even yields on risk-free government bonds (see chart).
对于魄力稍逊的投资者，找到价值更高房产显而易见的办法是逐步承担风险。
For less ambitious investors, the obvious way to find better-value properties will be to take on risk gradually.
因此，当一家公司的价值达到最高时，它将给投资者带来最大的风险。
As a result, investors will end up having their biggest exposure to a company when its value has reached its peak.
一家英国投资银行，巴克莱资本公司巧妙地说：“债券这整个的资产种类都表现为价值高估和没有意识到风险的自满状态。”
As Barclays Capital, a British investment bank, neatly puts it: "The entire asset class of bonds is characterised by symptoms of overvaluation and complacency."
对于价值投资者来说最困难的问题之一是承担多大的风险。
One of the most difficult questions for value investors is how much risk to incur.
可以说，在某种意义上，本文对我们国家的风险投资公司的运作有借鉴价值。
So in certain degree, it will have some valuation to the operating of our country's VC firm.
企业并购、重组、股权交易、风险投资等产权交易活动的蓬勃开展，为企业价值评估提供了广泛的应用空间。
The vigorous development of enterprises merge and acquisition, recombine, transactions of stock right and risk investment offers an extensive application space for business valuation.
与主权债务价值有关的资产投资者还是可以通过购买主权CDS来规避承受风险，但是这种免税权适用于哪种财产尚不明确。
Investors in assets that are correlated with the value of sovereign debt will still be allowed to hedge their exposure by buying sovereign CDSs but it is unclear to what assets that exemption applies.
本文的研究对金融风险管理和投资决策具有重要的参考价值。
The researches have important reference value for financial risk management and investment decision.
研究发现，公允价值变动损益对上市公司盈利波动的确具有显著影响，并且投资者会对公允价值变动损益带来的公司盈利额外波动要求风险溢价。
The results show that earnings became more volatile under fair value accounting, and investors require risk premium on the extra earnings volatility in which fair value accounting results.
合约乘数与标的指数点位决定了股指期货的合约价值，对投资者的交易风险起到关键性的作用。
Contract multiplier and the underlying index point determine the value of stock index futures contracts, and play a key role on transaction risk to investors.
价值评估机制是风险投资战略联盟的重要机制，传统现金流分析法难以准确评估高新技术企业的价值，但期权定价理论却可弥补传统定价方法的不足。
The traditional cash flow analysis method hardly assess the value of high tech enterprise correctly, while the option pricing theory can compensate the traditional pricing method shortage.
在我国创业市场即将开盘之际，研究风险投资业的风险及其控制具有较高理论价值和现实意义。
As China's exploration market is about to open quotation, it is of great theoretical value and practical significance to study the risk and control of adventure investment.
这种偏差包括投资者对于股票价格波动的认知偏差、投资者对股票价值的估计偏差、投资者对风险和收益的管理偏差和投资者在股票交易过程中的操作偏差。
These investment biases consist of investor cognition bias of price fluctuation, the estimation bias of stock value, the management bias of risk and return, the operation bias of stock trading.
传统的投资决策方法是一种广泛应用的以货币的时间价值为基础的投资决策方法，它已越来越不能适应当今充满风险和不确定性的市场需要。
The traditional method of investment decision-making, widely adopted on the basis of the time value of currency, can hardly meet the needs of today's markets characterized by risks and uncertainties.
风险投资面对的企业是多样化的，不同的企业应该有其独特的价值评估方法。
The business enterprise that VC faced to is diverse, and the different business enterprise should have the valuation method of its special value.
实际上风险投资家、风险企业家或者其他投资者对企业价值的考虑是不同的，他们所选用的定价方法也可能存在着一定的差异。
In fact, venture investor, venture enterprisers and other investors have different thought about enterprise's value, and pricing methods that they choice may be different.
本文的研究对金融风险管理和投资决策具有一定的参考价值。
This study has some important reference value to financial risk management and investment decisions.
在本模型中综合考虑了证券组合的收益，风险，交易费用等因素，对投资者选择有效证券组合有一定的实用价值。
The profit rate, investment risk and transaction cost are synthetically considered in this new model, which is very useful in the portfolio selection.
投资者需要获得企业的环境信息，对企业潜在的盈利能力和企业价值做出判断，以避开环境风险。
Investors want to gain the environmental information of the corporate so that they can judge the enterprises 'potential profitability and businesses value and avoid environmental risks.
风险投资的过程中存在着很高的不确定性，同时对不确定性的客观评估困难又很大，对于此类企业的价值评估很难用传统的方法进行衡量。
It is very difficult to assess with the traditional method for those kinds of corporations because there are pretty high uncertainties during the venture capital process.
风险投资的过程中存在着很高的不确定性，同时对不确定性的客观评估困难又很大，对于此类企业的价值评估很难用传统的方法进行衡量。
It is very difficult to assess with the traditional method for those kinds of corporations because there are pretty high uncertainties during the venture capital process.
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