How did this happen on the heels of a 2011 legislative session that doled out enormous budget cuts to everything from education to the Texas film incentive fund?
这是如何紧随2011年议会会议实行对包括从教育到德克·萨斯电影奖励基金等所有项目的巨大预算削减之后发生的？
Max Baucus, a powerful senator from Montana, wants to keep a $5 billion permanent disaster fund, a proposal that would enhance the incentive farmers have to plant on unfavourable land.
来自蒙大纳州大权在握的参议员Max Baucus想要留住一个五十亿的永久性灾难基金，这个方案进一步激励那些耕种在不适宜种植的土地的农民的积极性。
The SEC argues that these derivatives gave the hedge fund an incentive to select mortgage securities that would bomb.
证交会表明这些衍生品给了这个对冲基金激励去挑选会出问题的抵押担保证券。
The SEC argues that these derivatives gave the hedge fund an incentive to select mortgage securities that would bomb. And bomb they did.
证交会表明这些衍生品给了这个对冲基金激励去挑选会出问题的抵押担保证券。
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。
But in this paper, the empirical study based on panel data model shows that China's existing fund management fees collection method can not play an incentive role.
但是本文利用面板数据模型的实证研究却发现我国现行的基金管理费计提方法没有起到应有的激励作用。
This paper aims to optimize China's fund manager explicit incentive scheme.
本文试图优化适用于中国基金管理人显性激励方案。
This paper researches the optimal incentive contract based on overconfidence of investment fund manager from the behavioral finance view point.
从行为金融角度出发，对基金经理过度自信情形下的最优激励契约进行研究。
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.
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.
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。
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