不可流通的英文
non-marketable
nonnegotiable
not negotiable
例句与用法
- Non - negotiable bill of lading
不可流通的提单 - The credit should not require awb to be issued “ to order ” and / or “ to be endorsed ”
二)航空运单是不可流通的单据信用证不应要求航空运单发致“空白抬头”及/或“予以背书” 。 - Compared with western countries , such kind of shares in china are unexchangeable , including state - owned shares and legal person - owned shares , and chinese stock market is not very mature . that will probably make difference between our conclusions and theirs . the aim of this paper is to find those differences by calculating and analyzing cumulative abnormal returns with event study
由于中国上市公司的股权结构的特殊性，股权转让的标的基本都是不可流通的国有股和法人股，加之股票市场还不成熟，可能使得中国股权转让的股价行为与西方的实证结论不完全一致，而带有一些中国特色。 - Secondly , ownership control is an important way to restrain the act of plundering conducted by large shareholders while protecting the rights of minority shareholders . thirdly , compared to the inefficiency of state - owned shares and negotiable shares , the percentage of shares held by artificial persons is positively related with corporate performance . fourthly , interior shareholding has little stimulant effect on executive of corporate
目前中国上市公司的股权结构具有以下特征： ( 1 )股权高度集中， “一股独大”现象严重； ( 2 )股份按照投资主体被划分为国家股、法人股、社会公众股，其中占总股本约2 3的国家股和法人股不可流通； ( 3 )内部人即公司高级管理人员持股数量少、持股比例低； ( 4 )机构投资者规模尚小，总体持股比例较低。 - The principal - agency problem does not only exist in western country , but also exists in developing countries , but the problem in our chinese listed enterprise is very serious , there is many reason to lead the principal - agency problem include the self malpractice of principle - agency problem , and also include unrational capital structure of chinese listed enterprise . though positive analysis , this paper point out that the capital structure influence the company ' s market value . the stocks issuing preference also lead to low - efficient management of listed company , middle and small shareholders lack protection , the in - holder in facts determines the administrative behavior pattern , which also make principal - agency problem of our listed companies seriously
论文首先分析了当前我国上市公司存在的委托代理问题的成因，资本结构与委托代理问题之间的关系，进而分析了我国上市公司目前的资本结构的现状，特点，影响因素，合理性，资本结构与企业绩效关系，从而指出我国目前上市公司资本结构的不合理是导致我国目前上市公司委托代理问题的一个重要原因，正是因为上市公司资本结构的不合理，特别是股权结构的不合理，主要表现为国有股独大，且不可流通，才导致了我国目前上市公司的所有者缺位，内部人控制现象，从而导致了我国上市公司治理效率低下，企业效益差。
