And this causes the capital cost by issuing stocks and other means . if the listed companies ’ goal is the maximization of the market value of the company , they will not be interested in issuing new equities . there is some weakness in the previous researches of this field , so we have to start to analyze the problem in a new perspective with some new methodology 按理说在2001年下半年之前股市不断高涨,股票供不应求,此时因为处于一种卖方市场,上市公司选择股权融资还情有可原的话,那么在这之后股市急转直下,政府对股权融资的条件和要求日趋严格,企业股权融资难度大增,这必然导致企业成本的上升,收益的下降,如果上市公司是以公司价值最大化为目标的话,在此时就不会继续偏好于股权融资了。
Jinggangshan boasts a large area of mountains with rich vegetation . the streams enjoy a strong flow and a great drop ; therefore , within the scenic zone there are over 100 waterfalls , grand and marvelous . the landscape of the eighteen giant waterfalls of five large pools , attracts thousands of visitors from home and abroad . located in subtropical monsoon climate zone , jinggangshan is abundant in precipitation 在两级地形分界处，相咫尺之地往往相对高差达四五百米，地势急转直下，一落千丈，著名的五大哨口就屹立在地势转折地带的险山要隘上，旧时进出井冈山中心- -茨坪的五条主要山道即在此险道之中。
