资金变更的英文
variation of capital
例句与用法
- A study on the market conductibility of the alteration of financing capital ' s use by china ' s listed companies
我国上市公司募集资金变更投向的市场反应研究 - The subject of the paper is on the investment of raised fund by public offering of china ' s listed companies
文章首次对上市公司募集资金运用进行了系统地实证分析。分析表明， 76的上市公司进行了募集资金变更。 - Through the review of theories about capital structures of foreign countries , the paper compares developed with developing countries in the capital structures and analyzes the character of chinese listed company . based on ample data , the proportion of equity financing is much more than that of credit financing in the capital structure of listed company . it indicates that listed company ' s choice of financing approach has an intensive predilection of equity financing , which is far from “ pecking order ” of financing approach in matured market . at the same time , the efficiency of equity finacing is not hight , so is debt finacing . the funds raised from equity finacing changes high frequency and lacks restrict , and the efficiency of debt finacing from bank is not hight because of “ soft restriction ” . despite the debenture has a preferable restrict , it grows lentitudily in china
大量数据说明中国上市公司融资结构中股权融资的比重远远超过债权融资,与成熟市场条件下公司融资方式的“啄食顺序”不同,有着强烈的股权融资偏好。同时,中国上市公司的融资效率是低下的,不管是股权融资还是债权融资。股权融资募集资金变更频繁,缺乏约束,资金使用效率不高;银行债权融资存在软约束,使用效率同样不高;公司债券融资具有较高的约束力,但在我国发展受到限制。
