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- At last, Entrenchment effect and Tunneling effect are strengthen.In sum, management buy-out makes a negative impact on corporate governance. 管理层收购实施后管理层通过挖壕自守效应和掘隧效应来获取自身的利益,而不是通过现金分红来获取收益。
- Because of incentive effect of and entrenchment effect, the relationship between large shareholder and the value of corporate is not sure. 由于同时存在激励效应与侵占效应,大股东对于公司价值的影响不确定。
- When shares of controlling stockholders are below 45.9%, the evidence shows entrenchment effect, while shares of controlling stockholders are over 45.9%, the evidence shows alignment effect. 反之,当第一大股东持股比例>45.;9%25时,证据支持利益趋同效应,它会选择较多的负债,充分利用负债的财务杠杆和税盾作用,用心经营公司。
- The new opinions of my thesis are as follows: (1)There is only Alignment Effect rather than Entrenchment Effect when the controlling holders transfer interest through connected guarantee. 本文的新见解在于:(1)控股股东在通过关联担保进行利益转移时,只存在利益协同效应,不存在壕沟防御效应。
- Thirdly, second largest shareholders will induce large shareholders' incentive effect and control their entrenchment effect, especially when large shareholders' share is relatively small. (3)次大股东的存在有利于发挥大股东的激励效应,抑制大股东的防御效应,特别是当大股东不处于控股地位时。
- In the analytical process, mentioning the existence of "the Government Leading Entrenchment Effects" and "the Controlling Shareholder's Agent Entrenchment Effects". 文章在分析过程中,提出“政府主导的壕沟效应”和“控股股东代理人的壕沟效应”的存在。
- When the proportion of the first largest shareholder is more than 50%, the private listed companies perform alignment effects, and the state-owned listed companies perform entrenchment effects. 当第一大股东持股比例大于50%25时,民营上市公司表现为协同效应,而国有上市公司表现为壕沟效应。
- Punishment had very little effect on him. 惩罚对他没有什么效果。
- It's certain that every effect must have a cause. 无疑,每个结果必定有其原因。
- That measure will be carried into effect very soon. 这项措施将在最近付诸实施。
- My plan has not been carried out with effect. 我的计划未被有效地执行。
- The room shows off her paintings to good effect. 这个房间把她绘画的优点充分显示出来。
- Her words had a soothing effect. 她的话起了安慰的作用。
- Arguments that only entrench you more firmly in error. 那些只能使你更加坚持错误的争辩
- It's the music to heighten the dramatic effect. 那是用于提高戏剧效果的配乐。
- I felt comfortable on narcotic effect. 在麻醉剂的作用下我感到舒服些。
- The general effect of the painting is overwhelming. 这幅画给人总的印象是很有气势。
- The Largest Shareholding and Corporate Valuation: Incentive Effect and Entrenchment Effect 第一大股东持股和公司价值:激励效应和防御效应
- Her reply is in effect an apology. 她的答复实际上是一种道歉。
- Alcohol has a very bad effect on drivers. 酒精对司机的影响很大。