A generation ago, the Japanese keiretsu system of cross ownership of corporate shares-which insulated corporate managements from share price pressure-was seen as a strength.

The calculation results show that the overall performance of China Merchants Energy Shipping Co. Ltd is best. Even so, there is still large room for its perfection especially in the aspect of corporate alliances, market share, company brand and fleet capacity.

计算结果显示，虽然招商能源在六大油运企业中整体表现最佳，但在联盟程度、市场占有率、企业品牌、船队规模等方面仍需进一步改善。

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The globalisation of production has been associated with a dramatic increase in corporate profits as a share of US national income, exceeding 12 per cent in the first quarter of 2006 – higher than any quarter since 1966.

生产的全球化，一直伴随着企业利润占美国国民收入百分比的戏剧性增长，2006年第一季度超过12%&高于1966年以来的任何一个季度。

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It reveals the principle of assets price about macro factor ( discount rate) and micro factor ( corporate net return per share, bonus share, current capital), and depicts the weightings of the factors.

此模型揭示了证券价格与宏观因素（利率）、微观因素（收益、股本、分红）的规律，刻划了它们影响证券价格的具体权重；

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In America corporate profits as a share of GDP have been at record levels in recent years, but the corporate tax take as a proportion of federal revenues has been near historic lows.

美国也是，其公司利润占gdp的比重近年来维持在历史最高点，可是联邦总收入中公司税额却处于历史最低点附近。

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In view of state-owned enterprises and private enterprise development course of different, so think, for comparative analysis of two kinds of enterprises with corporate performance and the share concentration ratio is a certain theoretical and practical significance.

鉴于国有企业和民营企业的发展历程的不同，因此认为，对于对比分析两类企业的股权集中度与公司绩效是具有一定理论和实践意义的。

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The author presents that share structure has direct effect on corporate governance and whether share structure is rational or not is directly related to whether effective corporate governance can be formed or not.

系统研究了股权结构与公司治理的关系，认为股权结构是公司治理的基础，股权结构合理与否直接关系到有效公司治理机制能否形成；

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Results show that there exists a significantly negative relationship between the state structure ratio and corporate performance; corporation share ratio and the company's performance are positively related;

本文在提出股权结构与公司经营绩效关系的若干假定的基础上，采用实证研究的方法得出我国上市公司股权结构与经营绩效的关系结论为：国家股比例与经营绩效之间呈负相关关系；

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Corporate debt as a share of gross domestic product has surged 15 percentage points during that time, while corporate deposits have hardly changed.

过去两年，企业债务与国内生产总值（GDP）之比大幅升高15个百分点，而企业存款几乎没有变化。

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Afterwards, it poses some measures of improving the management efficiency so as to perfect the corporate governance structure of share cooperation system.

提出解决股份合作制企业法人治理低效的几点措施，完善股份合作制法人治理机制。

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Analysis of relationship between corporate value and state-owned share in listed companies

上市公司国家股与企业价值关系的实证研究

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In this part, the author starts with the theory on corporate governance of share decentralization, firstly reviews briefly the benefit shifting theory under the condition of decentralized and concentrated corporate governance related to the thesis of this paper.

在这一章，作者首先从股权分散型公司治理理论入手，对与本文论题相关的分散型公司治理和集中型公司治理条件下的利益转移理论作了详细的理论回顾。

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Both the auditing commission and corporate finance governance share the same service subject and target. The power allocation and performance of the agent of finance governance is part of the supervision content of the auditing commission.

审计委员会制度与公司财务治理二者之间的关系表现为服务主体和实现目标的手段，而且财务治理行为主体的权力配置与行使是审计委员会监督的内容之一。

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Regarding the impact of corporate bankruptcy on share pledge, the author mainly explains the relationship between the priority of compensation and exemption rights under the share pledge.

公司破产对股权质押权的影响问题分析，笔者主要介绍了股权质权的优先受偿权与别除权的关系。

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Recent scholarship emphasizes the divergence among European, American and Japanese corporate governance, share ownership, capital market and business culture.

最近，学术界经常强调，在公司治理，股权所有，资本市场，商业文化方面，欧洲、美国，日本公司法之间存在分歧。

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As a way of corporate restructuring, share repurchase has strategic value for our listed corporations.

股份回购作为一种公司所有权结构和控制权结构变更类型的公司重组形式，对我国上市公司具有战略性的运用价值。

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The employee stock ownership was explored initially in sharing corporations in the mid of 1980s, which experienced several stages: the internal worker share, the corporate worker share, the employee stock ownership that their shares are mainly held by employee share holding councils.

职工持股在股份制企业中的最初探索始于20世纪80年代中期，先后经历了内部职工股、公司职工股和以职工持股会建设为主要内容的职工持股制度等发展阶段。

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As a part of society, corporate should share the costs of social responsibility. It is of great importance for enterprise's long-term development to do some theoretical and practical research on costs of social responsibility.

企业是社会的企业，将企业的社会责任成本与企业的可持续发展结合起来，进行社会责任成本相关理论与实务研究，对于企业的长期发展具有重要的现实意义。

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And country's and state-run corporate's share not merely occupy absolute proportion in all shareholding equity of listed company, and can't circulate on the market.

这种特殊的股权结构导致了我国上市公司在治理结构等方面的许多问题。

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These modules may be stored locally, on a corporate file share, or served up by a web site.

这些模块可能会存储在本地、协作文件共享服务器，或者提供服务的站点上。

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According to the basic principle and system in corporate law share reform in essence is the readjustment of stockholders' relationship.

股权分置改革，实质是对股东关系的再次调适，具体推进应当符合公司法的基本原理与制度。

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