These activities are interactive and form the knowledge transfer cycle, which results in the dynamic evolution of firm knowledge stock and structure.
上述环节两两对应构成互动小循环，再进一步构成企业与市场边界交互知识作用的大循环，导致企业知识存量的优化和知识结构的动态演变。
Fourthly, The author points out that subject of civil liability includes four kinds of people:distributor and sponsor, director and supervisors taking responsibility in listed company, stock company and intermediary firm producing false evidence material.
再次，民事责任的责任主体包括四类：发行人与发起人、上市公司负有责任的董事、监事和经理、证券承销商及其负有责任的董事、监事和经理以及出具虚假证明文件的中介机构。
Bao Weilian expresses, soft Yin Zhongyin basically invests inchoate with metaphase project, of the capital stock that investment of its sheet pen holds the firm that be cast about 10% to 40%, still do not have the project that has quited at present.
包威廉表示，软银中印主要投资早期和中期项目，其单笔投资额约占被投公司的股本的10%至40%，现在还没有已经退出的项目。【以下内容为IT者网站提供英文翻译，未经授权请勿转载
In the firm order of this one price, relevant influencing factor includes company book value, State of characteristic of quantity of linage of hair of foreground of management outstanding achievement, development, stock, industry and market wave motion, And differ and appear what quantify a process to be able to choose a method as the person that fix a price of these elements very big difference.
正在这一价格的一订次序中，相干的影响要素包含母司帐外价值、运下过劳、开展先景、股票收止数质、止业特征及市场波静状态等，而这些要素的质化过程会随亡订价者选用方法的没有异而入隐很小好异。
In many cities and agricultural businesses to form equity firm, Employee Stock Ownership is a common phenomenon.
形成股权投资公司，员工持股是一个普遍的现象。
China Insurance Regulatory Commission yesterday issued a circular calling for China Life Insurance Group, China People`s Insurance Group, and other five state-owned insurance firm to prevent the group from the actual national conditions and the payment of exorbitant salaries, to suspend the implementation of equity incentive and employee stock ownership plan.
中国保险监督管理委员会昨天发布了中国人寿集团，中国人民保险集团通知，要求，和其他五家国有保险公司，以防止从实际国情组和高昂的工资支付，暂停执行的公平激励和员工持股计划。
The firm's website will list the goods that it certifies, their manufacturers and the retailers that stock them.
公司网站将会列出经过认证的产品，产品的生产商以及批购这些产品的零售商。
From a legal perspective, well into the nineteenth century most joint-stock companies were simply large partnerships with transferrable shares, and their members were in theory exposed to unlimited liability for the firm`s obligations.
从法律角度看，到19世纪最合股公司，只是大的合作伙伴转让的股票，他们的成员在理论上受到无限责任的公司的义务。
Secondly, the Securities Investment Funds monopolize the market. They make profits mainly depending on stock price premium and face redemption pressures. It's the characteristics of China's institutional investors that create the special market influence.2. While a stock's future return is unrelated to the firm's past accounting-based performance, it is strongly negatively related to the intangible information return. The BM effect results from investor overreaction to intangible information of past firm return.
本文的主要研究结论如下：第一，与国外发达市场的机构投资者相比，我国的机构投资者还面临着一些问题：规模小和实力不足使得我国机构投资者抵御系统性风险的能力普遍较差；市场结构不合理，证券投资基金占垄断地位，普遍面临市场赎回压力，易引发动量交易行为和羊群行为；机构投资者对中国资本市场而言仍是新兴事物，在发展过程中一定存在着不完善之处，但不能因为这些不足而否定机构投资者的专业化，因此机构投资者对市场的影响要具体问题具体分析。
The dairy firm, which collapsed under 14 billion euros of debt and re-listed in 2005, said in the statement that the settlement is in the best interest of its shareholders to avoid the distraction and expense of further litigation and diminishes uncertainty in the value of its stock.
乳品公司，其中倒塌14亿欧元的债务，重新上，在2005年，在声明中说，沉降是在最佳利益及其股东，以避免分心和费用，一步的诉讼和减少不确定的价值其股票。
Although hasten of near future of upriver cooking benzene is firm, but the range that the market rises is not big, each manufacturer is maintained more move smoothly, the amplitude modulation on shipment price is lesser, to suitable anhydride market prop up gradually firm, if crude benzole market goes high further, driving the possibility that cooking benzene rises is not to do not have, the crude benzole stock of manufacturer of each cooking benzene and benzene hydrogenation manufacturer is not at present much, the crop of cooking benzene is not big, market supply of goods is not much, do not eliminate small to walk along high probability.
虽然上游焦化苯近期趋稳，但市场上涨的幅度不大，各厂家多维持平稳运行，出货价格上调幅度较小，对偏苯三酸酐市场的支撑渐稳，若粗苯市场进一步走高，推动焦化苯上涨的可能性不是没有，目前各焦化苯厂家和苯加氢厂家的粗苯库存并不多，焦化苯的产量不大，市场货源不多，不排除小幅走高的可能。
B. The government document that approves the firm as a joint-stock company limited or the firms certificate of registration
政府批准为股份有限公司的文件或公司注册登记的证明
We are a securities trading firm trading the world's major stock markets.
我们是一间即时交易公司，主要业务是买卖全球交易所的股票。
Where any shareholder and actual holder of a securities firm force, incite, assist or accept the securities firm to provide financing or warranty with assets of stock brokerage clients or stock-asset management clients
证券公司股东、实际控制人强令、指使、协助、接受证券公司以证券经纪客户或者证券资产管理客户的资产提供融资或者担保
Boss complexion changes, say a little grouchily: Chan? you how so firm, be hit to stock price.
老板脸色一变，有些不兴奋地说：大哥，你咋这么狠，一下就打到进货价上了。
Therefore, this article have put forward ways to improve the market operating quality and to reduce the risk premium in Chinese Stock Market from varied aspects, given as follows:(1) Strengthen the corporate governance mechanism for listed companies and improve their operating qualities; (2) Set higher entry criteria for new listings so as to enhance the overall quality of all listed companies by increasing the number of good quality companies; (3) Strengthen the market dropout mechanism and take a firm hand in eliminating those companies that do not satisfy the listing criteria; (4) Further enhance the supervision on information disclosing of the listed companies and take control of the stock price manipulation and insider trading to protect trading orders and market regulations; (5) Gradually carry out the hedging mechanism in the market, such as stock index futures, short sales system etc., to help those stocks with low earning capacity but high P/V ratio to return to their inner values.
因此本文认为，要切实提高我国股市的运行质量，降低我国股市的风险溢价，有必要从以下几个方面多管齐下：（1）强化上市公司治理机制，提高上市公司运作质量；（2）提高上市门槛，从增量上提高上市公司整体素质；（3）强化市场退出机制，对不符合上市要求的上市公司坚决摘牌：（4）进一步加大上市公司信息披露监管，加大对股价操纵行为和内幕交易行为的监管，规范市场交易秩序；（5）逐步推出市场对冲机制，如股指期货、引入卖空机制等，促使盈利能力低下且P/V比率过高的股票有一个股价对内在价值的回归过程。
The results show that, from the measurement perspective, deductible temporary differences and loss carryforwards are regarded as assets and thus have a significant positive impact on stock price. Secondly, from the information perspective, value-relevance of abnormal earnings is smaller for firms with tax carryforwards, indicating that tax carryforwards can create future tax savings effects but it also leads to a higher likelihood of losses in the future. Thirdly, smaller value-relevance of abnormal earnings for firms with valuation allowance indicates that valuation allowance is a useful means for earnings management, but it is perceived as an unrealized portion of deferred tax assets in the future. Fourthly, loss carryforwards are more value-relevant for firms with more loss offset restrictions. Finally, the implementation of the integrated taxes system has not significant effect on tax reduction effect of loss carryforwards, and in turn firm values.
实证分析结果发现：(1)从衡量观点来看，「可减除暂时性差异所得税影响数」与「亏损扣抵」具有财产权性质，与股价成正向关系；(2)从资讯观点来看，有「租税后抵」公司其异常盈余较无「租税后抵」公司不具价值攸关性，间接证实租税后抵虽具有未来租税节省效果，但也传递出公司未来会有较高损失的可能性；(3)从评价观点来看，有「递延所得税资产备抵评价」的公司其异常盈余较无「递延所得税资产备抵评价」公司不具价值攸关性，间接证实递延所得税资产备抵评价虽是管理当局进行盈余管理的有利工具，但也代表公司递延所得税资产於未来无法实现的部分，会对公司股价反应造成不利影响；(4)从来源观点来看，企业在进行盈亏互抵时，若损失后抵项目受到的限制愈多，其价值攸关性会愈小；(5)从租税观点来看，亏损扣抵在两税合一实施后租税减免效果并未改变，其对公司价值的增加与两税合一前没有显著差异。
The value of stock option is executives sharing of claim to firm's residue.
股票期权的价值在于管理层对企业剩余索取权，进而对企业剩余的分享。
You, as a stock owner, sharing in the profits and losses of the firm, can lose your entire investment in the firm's shares.
我多么渴望那种温暖的话语，尽管我自己也不善于表达，但是现在我愿努力去做。
To create, Tianjin benefits consulting firm, and other state-owned units, belonging to the company`s Exchange system, in the near future, Property Rights Exchange Center, Hebei, the German Stock Exchange and other markets also will serve as a shareholder to join.
从股权结构上看，天交所的主要股东包括天津产权交易中心、天津开创投资有限公司、天津开益咨询公司等国有单位，属于公司制的交易所，不久之后，河北产权交易中心、德意志交易所等市场机构也将作为股东加入。