Keywords: information Asymmetry; Internal Transaction; Interests conflicts; Agency Problems
中文关键词：信息不对称；内部交易；利益冲突；代理问题
According to Shanghai Centaline Property Agency Ltd. Department of Research and Consulting to provide the latest statistical data shows that: in July 2003, the city in high-end rental and sale of second-hand housing transaction cycle of songs in June than a small margin decline, although the Jing`an, Xuhui and Changning of average turnover remained at 1 million yuan per square meter, but the overall second-hand housing transactions in June from the average price of 9364 yuan per square meter, down from July of 8357 yuan per square meter, a drop of more than 10%.
据上海中原地产代理有限公司研究部和咨询，提供最新的统计数据表明：在2003年7月，该市在高端租赁和买卖二手房交易周期的歌曲在6月比小幅下降，但静安，徐汇和长宁的日均成交额仍保持在百点〇万元每平方米，但总体二手房交易6月的平均价格九千三百六十四元每平方米，低于7月的八千三百五十七元每平方米下降了10 ％以上。
The conflicts of interest transactions may be divided into three types:principal transaction, joint transaction and agency transaction.
本部分着重对这三种利益冲突交易的法律规制予以阐述，并分析了在我国明确基金管理人忠实义务的必要性。第五部分：对证券投资基金管理人信赖义务的监控。
In accordance with the demands of improving the system and further diminishing the transaction cost, it is necessary to identify the qualification of agent as a subject, the nature of right of agency, and a relevant liability system.
但代理活动和实践在进一步降低交易费用和制度完善上提出制度变迁的要求，即确认代理人的主体资格，代理权的权利属性和相应的责任制度
The relationship between securities agency and investor is the most commonly seen relationship in this kind of transaction.
英美法系国家普遍认为是代理关系，大陆法系国家则主张把这种经纪关系界定为行纪关系。
In some instances, however, the transaction or the point of law involved may be sufficiently important that either the agency or the private party will want a more formal statement of policy from a higher level of the bureaucracy.
但在有些情况下，具体事务或所涉及的法律问题相当重要，机关或私人当事人可能都希望获得机关高层官员对政策作出的较为正式的陈述。
Currently, individual funds earmarked for gold products transaction are directly transferred to the accounts of corporate investor members or agency institutions, rather than the separately managed funds trust similar to securities and futures trade.
其中主要原因是个人投资者的帐户资金管理存在不确定性的理论信用风险，目前个人参与金交所品种交易的资金是直接划转到会员机构或代理机构的公司帐户上，而没有实行类似证券、期货交易的独立资金托管。
Several intermediary bodies have set up their businesses in the zone, providing such services as investment consultancy, technology transfer, assets appraisal, information service, legal service, property rights transaction, foreign trade agency and talent exchange.
一些中介机构建立了业务在该地区，提供这种服务，投资咨询，技术转让，资产评估，信息服务，法律服务，产权交易，外贸代理和人才交流。
The classic enterprise theory, the agency by agreement theory, the transaction costs theory, property right, the contract theory and the specialization coordination theory contribute partly to the enterprise theory, but not to the enterprise as a whole.
古典企业理论、委托代理理论、交易成本理论、产权理论、合约理论和专业化协作理论等各自解释了企业的一个部分而没看到整体。
The absence of ownership of Chinese state-owned enterprises, coupled with the misalignment of the values and objective of the owner and those of the management, has for a long time been causing the increase of real transaction cost of the agency contract.
长期以来，中国国有企业的所有者缺位，所有者和经营者的价值取向和经营目标存在不一致，导致企业契约的实际交易成本增加。
Relationship finance also benefits to reduce agency cost and transaction cost, helps corporations in finical difficulty.
关系型融资能减少代理成本，降低交易费用，救助陷入财务困境的企业。
Transaction costs associated with bond issues can be reduced by issuing bonds with longer terms to maturity. However, the longer the term to maturity, the higher the agency costs associated with the issue.
发行长期债券可以降低交易成本，但债券期限越长，代理成本就越高。
Limited partnership suits the characteristics of incomplete contract of the venture capital transaction. Its governance structure solves the problems of agency costs, incentive and restriction between investors and venture capitalists.
有限合伙制适合风险投资交易的不完备契约特点，其治理结构解决了风险投资者&风险资本家之间代理成本、激励约束等问题。
If the issuing agency ratifies the transaction by supplying a licence for import, the Customs may, exercising discretion in light of the circumstances, give clearance to the goods after imposing a fine.
经发证机关核准补证进口的，海关可以酌情处以罚款后放行。
In Chapter 6, the thesis introduces the transaction mechanism of return, and indicates that the appropriate price of return can make supply and sales agency be satisfied.
第六章介绍了允许退货的交易机制，并指出，适当的退货价格能使得供销双方皆大欢喜。
As a member of the HKU SPACE ALUMNI, you can enjoy a special comission discount for every successful property sales or leasing transaction through MTR Property Agency Company Limited.
本会会员现凡透过地铁物业代理有限公司成功买卖或租用物业，均可享特别佣金折扣。
But in the incomplete capital market, there exists information asymmetry, transaction cost and agency problem. No matter in the cost or in the numbers, corporations external funds are restricted greatly.
而在不完善的资本市场中，公司的外部融资无论在成本和数量上都会受到不同程度的约束。
Based on the analysis about the tradition function of the internal control system, the author specially analyzed economic function of the internal control system on saving internal transaction cost, decreasing agency cost and making up incompleteness of the enterprise contract, and so on.
在对内部控制制度传统功能分析的基础上，重点剖析了内部控制制度在节约企业内部交易成本，弥补企业契约的不完备性和降低代理成本方面的经济学功能；
This paper analyses the influence of pluralistic strategy on capital structure from the aspects of internal capital market effect, agency cost effect, transaction cost effect and multi-market contact effect. It also discusses how to consider pluralistic strategy in capital structure decision making.
从内部资本市场效应、代理成本效应、交易成本效应和多市场联系效应等四个角度分析多元战略对资本结构的影响，并探讨企业在资本结构决策中如何考虑多元化战略因素。
In conclusion, the results accept the hypothesis based on the theories of coinsurance effect and transaction costs, rejecting the hypothesis of agency costs.
总之，研究结果支持了基于分散风险理论和交易成本理论的假设，拒绝了基于代理成本理论的假设。