The performance of markets during the first half of 2010 is a tale of two quarters as equities and commodities enjoyed a strong start to the year, only to falter sharply in April when the debt problems in the eurozone erupted. 市场在今年二季度的表现,与一季度截然不同。股市和大宗商品市场在年初表现强劲,不料却在4月份因欧元区债务问题爆发而大幅下滑。
Performance obligations He was relieved of the obligation to pay his debt. 履行偿付债务的义务他免除支付债款的义务。
The strong performance of Treasury debt this year, with gains of 30 per cent for owners of long-term bonds alone, has left plenty of smart investors with egg on their faces. 今年美国国债表现强劲,单是长期国债的持有者,就获得了30%的收益,这让很多自诩精明的投资者受尽了挤兑。
Mortgage: a temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt. 给予债权人的临时的、有条件的财产抵押,以此作为履行责任或偿还债务的保证。
Private equity groups will soon have more financial information disclosed publicly about the performance of the European companies they invest in if they want to gain a credit rating from Standard& Poor's for debt on large buy-outs. 如果私人股本集团用于大额收购的债务想要获得标准普尔(Standard&Poor's)的信用评级,它们很快就需要公开披露更多有关所投资欧洲公司业绩的财务信息。
Its decisions could emerge as an important factor determining the performance of markets as diverse as New Zealand debt, American equities and Singapore property. 它的决策将成为一个重要因素,决定着诸多市场的表现&从新西兰的债券市场、美国的股市,直到新加坡的房地产市场。
Such a performance would be an indictment of the industry, suggesting that its fabled high returns were largely due to the benign influence of overly accommodating debt markets. 这种表现将使人们对该行业提出质疑,表明其传说中的高回报在很大程度上应归功于债务市场环境过度宽松的积极影响。
For the three international credit rating companies in the United States in the performance of Subordinated Debt crisis, the Ministry of Finance Assistant Minister Zhu Guangyao made criticism. 针对三大国际信用评级公司在美国次级债危机中的表现,财政部部长助理朱光耀做出了批评。
With the governance effect debt has a very important influence on corporate performance. The theory of agency cost and control right both consider debt in some range will favor corporate performance. 关于债权的治理效应,代理成本理论和控制权理论都认为,企业资本结构中一定的负债有利于公司治理效率的提高。
The article studies the ideas about developing indicator system for evaluating performance of medical institutional operation, especially discusses the financial management and the capacity for paying debt, and it outlines the formula to calculation for operation and usage. 文章对医疗机构绩效评价体系进行了研究构想,特别对财务管理、偿债能力等项目进行了较细致的剖析讨论,并就操作应用提出了计算公式。
The basic reason for most enterprises 'poor performance is not because of the high Debt to Total Assets ratio, but because of the low capital utilizing efficiency. 大部分企业经济效益不佳的根本原因并不是因为其负债过高,而是资产利用效率低下。
This paper investigates the long run performance of shares of listed companies after offering convertible debt, and the empirical result show the long run performance is not as underperformance as after righting and SEO, but good performance. 实证检验了我国上市公司可转债融资后的股价长期表现,结果发现,可转债融资后的公司股价并未如配股和增发再融资后的长期表现欠佳,而是有一定的优越表现。
Empirical Study on the Long Run Performance of Share of Listed Company after Offering Convertible Debt 可转债融资与公司股价长期表现实证研究
Problems needed to face in the performance of debt-to-equity 债转股实施中还需面对的问题
Enterprise performance evaluation consists qualitative evaluation, quantitative evaluation and etc. Among them, the evaluation of enterprises 'debt-payment capability and income capability with financial ratios is the key field. And the debt paying ability is foundation and guarantee of the ability of an income. 企业业绩评价包括定性与定量等多个方面的内容,其中以财务指标评价企业的偿债能力和收益能力是业绩评价的两个重点,偿债能力是收益能力的基础与保障。
The use of equity financing for mergers and acquisitions M A performance is less than the use of other means. M A debt financing and M A performance is positive correlation. The Internal cash financing capacity and M A performance is negative correlation. 使用股权融资进行并购的并购绩效要小于使用其他融资方式的并购绩效,并且并购债务融资与并购绩效正相关,内部现金融资能力与并购绩效负相关。
Chapter Two: Performance of Contract Debt. 第二章,契约的履行。
Enterprises to improve their environmental performance, can reduce the environmental risks, lower cost of debt, which always reduce the cost of capital, internships value added. 企业改善环境绩效,可以降低企业的环境风险,获得较低的债务成本,从而降低企业的综合资本成本,实现价值增值。
Different debt structures have different impacts on the behavior of corporate managers. The study of the impact of different debt structure on firm performance will help the listed companies to make better use of debt financing, and then improve business performance. 不同的债务融资结构对企业管理层的行为会有不同影响,研究不同的债务融资结构对企业绩效的影响,有助于上市公司更好地利用债务融资,进而提高企业绩效具有重要的现实意义。
Even the increase of debt financing rate restrains the growth of firm performance, there is still an interval of debt financing ratio in which the firm performance presents a positive correlation with the rate of debt financing. 表明即使从总体来说债务融资率的增加抑制了公司业绩的增长,但是其中还是存在一个能够促进公司业绩增长的债务融资比例。
Thus poor environmental performance of enterprises to obtain loans from financial institutions to increase the difficulty of these enterprises to obtain loans from financial institutions had to increase the cost of debt financing. 从而环境绩效差的企业获得金融机构贷款的难度增加,这些企业为获得金融机构贷款不得不增加债务筹资费用。
The empirical research showed a significant negative correlation between financing structure and corporate performance of listed companies in China. Debt financing can not promote improvement of corporate performance. 实证研究发现,我国上市公司融资结构与公司绩效之间呈现明显的负相关关系,债权融资未起到提高公司绩效的作用。
In the previous literature studied on the impact of debt financing on the performance of the company, generally there is no specific distinction between the types of debt, but from a practical angle, the different types of debt affect the performance of the company differently. 在以往研究债务融资对公司业绩影响的文献中,一般都没有具体区分债务的种类,但从现实来看,不同类型的债务对公司业绩的影响是不一样的。
The conclusion of empirical research of this paper indicates: Solvency, debt maturity, debt levels and firm characteristics have an impact on the performance of debt financing governance. 实证的结果指出:偿债能力、债务期限、债务水平与企业特征均对债权治理绩效产生影响。
In the paper, we will divide into three parts to analyze the relationship of debt financing and performance of the company, including the overall size of the debt, the length of the duration of the debt, the source of the debt. 本文从债务的总体规模、债务的期限长短、债务的来源三个部分研究债务融资与公司业绩的关系。
In short, the proportion of debt financing cannot be too high nor too low, we should determine a moderate level in order to achieve maximum performance of the company on the impact of debt financing in both directions. 总之,企业的债务融资比例,既不能过高,也不能过低,在债务融资双向作用的影响下,确定一个适度的水平,才能使公司业绩达到最大。
At the same time from the empirical results found that the performance of bond funds than in equity and hybrid funds better, which can be debt hedge funds have better features to explain. 同时可以从实证结果中发现,债券型基金的表现比股票型和混合型基金更好,这可以用债权型基金具有更好的避险特性来解释。
The negative relationship between capital structure and performance indicates that the agency issues may lead the firms to use higher than appropriate levels of debt in their capital structure. 公司资本结构和绩效的负相关说明代理冲突导致公司过度的使用负债。
For the listed companies: improve business performance, reduce asset-liability ratio; Select a wide range of funding sources, optimization of the debt structure; deepen the state-owned assets management system, reducing the proportion of state-controlled. 房地产上市公司的对策有:提高公司经营绩效,降低资产负债率;选择多元化的资金来源,优化负债结构;深化国有资产管理体制改革,降低国有控股的比例。