控制权私有收益问题一直是公司财务领域的重要研究课题之一,可谓成果累累。
Private benefits of control have always been one of the most important research topics in the area of corporate finance. It had got brilliant achievements.
对公司资源的控制权所带来的控制权转移私有收益已成为现代公司治理研究的核心内容。
Private benefits of control transfer brought out from the control over corporate resources has become a core content in modern governance.
根据信息不对称理论,大股东具有利用控制权侵害中小股东的利益、获取控制权私有收益的动机。
According to the information asymmetry theory, major shareholders have the motivation to against the interests of small and medium-sized shareholders and obtain earnings by using control.
获取控制权转移私有收益不仅导致控股股东侵害小股东利益,而且导致公司价值和成长潜力的降低。
Obtaining private benefits of control transfer not only harms the benefits of minority shareholders, but also decreases corporate value and growth potentiality.
正常现金股利发放只是大股东获取公共收益的一种手段,不能缓解大小股东之间的利益冲突,降低大股东的私有收益。
Natural cash dividend policy is just approach to gain public income by larger shareholder, but not to reduce the private benefit of larger shareholder. Natural cash dividend policy also do…
本文比较分析了度量控制权私有收益的不同方法,构建了控制权发生转移的数据库,计算了中国上市公司的控制权私有收益。
This paper evaluates the private benefits of control with the help of transfer price difference between the controlling block and the non-controlling block of a company within same year.
通过对于2004年到2006年间上市公司控制权转移私有收益的实证研究发现,控制权转移私有收益水平约占上市公司所有者权益的34.5%。
The empirical results in Chinese listing companies from 2004 to 2006 show that, on average, private benefits of control transfer contributes 34.5% of owner's equity.
该计划将包括希腊大胆的新的让步,如将私有化收益作为抵押而获得新的救助资金。
That could include bold new concessions from the Greeks, such as pledging privatisation proceeds as collateral for new rescue funds.
夸张的增长预测和虚增私有化收益项目讲需要额外的调整。
Exaggerated growth forecasts and inflated privatization revenue projections will require additional adjustments going forward.
对冲基金是只受到轻度监管的私有聚集资本,通常通过借贷来增强其收益,所获得的回报部分取决于其业绩。
Hedge funds are private pools of capital that are lightly regulated, often borrow to enhance returns and are partly paid on the basis of performance.
爱尔兰纾困后债券收益率上升,引发了更多的私有化承诺和小企业的减税风潮。
Bond yields rose after Ireland's bail-out, triggering new promises of more privatisations and tax breaks for small business.
由80年代撒切尔夫人治下的英国所开创的大型国企私有化所带来的简单、而一次性的收益,今天也不复存在了。
Nor are there the easy, one-off gains to be made through privatisation of big industries pioneered in Britain in the 1980s under Margaret Thatcher.
私有企业通过合法手段“寻租”,其实质是追逐类似于级差地租的级差收益。
Private enterprises seek rents by legal means. In fact they are chasing the differential incomes similar to differential rents.
在不对称信息的金融市场模型里,价格反映了交易者持有的私有信息,知情交易者为了获取高额收益会操纵市场价格信息。
In asymmetric information models of financial markets, prices reveal private information held by traders. The insiders will manipulate the information of the market prices for private profit.
想要证明这一点,我们只需回顾一下我们在大萧条时期的反应便可知道。当时我们将损失社会化,但收益还是私有化的。
For proof of this go back to our response to the Great Recession, where we socialized losses, even as we privatized gains. 2015.6.
三类级差收益的大量存在,为许多私有企业迅速积累财富创造了条件。
The high differential rents create conditions for private enterprises to accumulate wealth quickly.
然而,在现实的金融市场上,由于未来收益的不确定性、私有信息以及先验异质等原因,投资者的收益预测存在分歧。
However, in the real financial world, investors differ in valuations as a result of the uncertainty of future returns, private information and heterogeneous priors etc.
然而,在现实的金融市场上,由于未来收益的不确定性、私有信息以及先验异质等原因,投资者的收益预测存在分歧。
However, in the real financial world, investors differ in valuations as a result of the uncertainty of future returns, private information and heterogeneous priors etc.
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