This paper presents evidents that cash-flow volatility is negatively related to firm value using a large sample consisting of 2724 firm-year observations from 1998-2008.
本文通过1998-2008年间2724例公司年样本观察值证明现金流波动率与公司价值显著负相关。
Both John and Sue joined the staff of a successful public relations firm in New York during the same year.
同年，约翰和苏都加入了纽约一家成功的公关公司。
The largest firms in America and Britain together spend more that 15 billion a year on CSR, according to an estimate by EPG, a consulting firm.
根据咨询公司EPG 的评估，美英两国最大型的公司每年在企业社会责任层面上投入共计超过150亿美元。
In an interview last year with The Economist, George Whitesides, chief executive of space-tourism firm Virgin Galactic, was placing his company in the latter category.
在去年接受《经济学人》采访时，太空旅游公司维珍银河的首席执行官乔治·怀特赛兹将他的公司归为后一类。
If 106-year-old investor Irving Kahn, head of his own family firm, wants to keep coming to work every day, who's going to stop him?
如果现年106岁的投资者、家族企业的掌门人欧文·卡恩想每天都来上班，谁会阻止他？
EVERY year, Sophie de Menthon, a French entrepreneur, holds an event called J’aime ma boîte (I love my firm) in Paris.
每年，法国企业家索菲·德·芒通都会在巴黎举办一场活动，名为“我爱公司（J’aime ma boîte）”。
Barely a month has gone by over the past year without the firm announcing some new initiative or other.
过去的一年结束才仅仅一个月，公司一直也没有宣布过新的大动作。
To the side sit the rusting pumps of MPPE, the state firm that this year lost its monopoly on fuel sales and distribution.
不远的一旁躺着国有公司MPPE生产的油管，锈迹斑斑，这家公司于今年丧失了其在燃油出售和经销领域的垄断地位。
While it has been firm so far this year, he argues it will fall noticeably later this year as residual seasonal factors recede.
尽管今年到现在为止，通货膨胀率并无动摇，他认为今年晚些时候？当季节因素退去，通货膨胀率会显著下降。
Over the past year, our firm moved to Google apps. We now run our mail, calendaring, and contacts on the Google apps platform.
在过去的几年中，我们公司逐渐的转移到了googleapps平台，这个月，我又从gmail转移到了USC google apps服务上去。
Acciona made a hefty profit by selling on to Enel, an Italian energy firm, last year.
去年Acciona通过变卖股份给一个意大利能源公司Enel而获利颇丰。
LawShucks reports, "2009 will go down as the worst year ever for law-firm layoffs."
LawShucks报道“2009会成为律所裁员最严重的一年。”
Rosenthal is chief executive of Communispond, a 32-year-old coaching firm that teaches communications skills to executives.
罗森塔尔目前担任知言管理咨询公司（Communispond）首席执行官。 这是一家拥有32年历史的培训公司，主要业务是对高级管理人员进行沟通技巧培训。
Last year the firm published detailed figures on sales, profits, assets and liabilities for the first time ever.
去年公司有史以来首次向外界公布了销售、利润、资产和负债等方面的数据。
The firm predicts an even sharper rise this year, not only in east Africa but also in west and southern Africa, too.
尊尼获加公司估计，今年销售量还会激增，不仅是在非洲东部，西部南部的销量都会增加。
Later this year the firm will test a scheme for putting programmes online that it calls TV Everywhere.
今年后半年，公司将启动一个叫做“电视-无所不在”的方案，即将电视节目放到网上。
Current liabilities are obligations the firm must pay within a year.
流动债务是指企业一年内必须偿清的债务。
Segway Inc, the company established to commercialise the technology, was sold to a British firm earlier this year.
赛格威公司建立商业化的技术，在今年早些时候被出售给一家英国公司。
This year the firm entered the Balkans and Mongolia.
今年，该公司进驻巴尔干半岛各国和蒙古国。
Feeling the pain from the initial credit squeeze last year and fearing worse to come, the firm cut its workforce by 30% this year and reduced its cash burn rate by half.
去年它就受到信贷紧缩的困扰，现在麻烦可能越来越大，该公司今年已经裁员30%，将它的现金净支出量减少了一半。
These unwanted excitements drew attention away from what the firm hoped would be the year-end’s main event.
年终的这些主要事件虽然够刺激，引来很多关注，但显然远远背离了公司的初衷。
"We should have been way ahead," the 12-year veteran of the firm said in the interview.
“我们应该走在前面，”这位从业12年的金融人士在接受采访时说。
Esterkin has now returned for a final year of legal study, having secured a training contract with a City firm next year.
艾斯特金即将返回学校进行最后一年的研究生法律学习，他已经到手了一家城市公司明年的培训合同。
Now Boeing is fighting back, winning 265 firm orders so far this year, compared with Airbus's 145.
今年波音卷土重来，和空客的145架相比，波音到现在为止已取得了265家公司的订单。
The KPMG scheme begins at Durham and Exeter this autumn, and will be extended to Birmingham University next year. The firm ultimately expects to offer more than 400 places.
毕马威的资助计划将于今年秋季学季开始在杜伦大学和埃克塞特实行，伯明翰大学将于明年加入这一行列。毕马威预计最终将资助400多个名额。
This year things look brighter: the firm hopes to achieve double-digit sales growth.
今年的情况看起来就好一些了：公司希望在营业额上有一个两位数的增长。
And the market share of each firm varies from year to year, a sign of healthy competition.
何况，投资银行的市场占有率年年都在变化，这是良性竞争的标志。
And the market share of each firm varies from year to year, a sign of healthy competition.
何况，投资银行的市场占有率年年都在变化，这是良性竞争的标志。
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