This paper considers the effects of strategic substitutability on performance and incentives in venture capital financing.
本文考察了受资企业的战略替代性对创业投资中创业企业家的业绩表现和激励的影响。
The regulation and optimization of capital structure is to make the capital structure of enterprises best mainly by changing the capital financing cost via the change of liability level.
资本结构的调整与优化，主要是通过负债水平的变动引致资本筹资成本变动，使企业的资本结构最佳。
The financing for this boom came largely from outside the country: there were giant inflows of capital from the rest of Europe, Germany in particular.
这场繁荣的资金大部分来自国外，从欧洲其他地区，特别是德国，流入了大量的资金。
The former financing arm of General Motors (GM) is in talks over a third injection of public capital.
这家被视为通用汽车前任经济支柱的公司，目前正在就第三次注入公共资金事宜进行会谈。
Nearly all of them require hefty financing, which is not easy to find in Washington or in any state capital these days.
几乎所有涉及的计划都需要大量资金，但是最近在华盛顿或任何首府都不容易得到这样的资助。
At the same time, due to capital constraints, many traditional lenders have retreated from commercial mortgage financing, even for highly credit-worthy properties.
同时，由于资本的约束，很多传统的借贷者已经从商业房贷中退出，目的是为了获得更高的信用。
Directly or indirectly, capital flowing into America from global investors ended up financing a housing-and-credit bubble that has now burst, with painful consequences.
那些直接或间接进入美国的全球投资者的资本，最终的结局就是为现在破裂的房地产和信贷泡沫提供的资金，结果是惨痛的。
Mr. Firestone, a 28-year-old software engineer, said he could try to get financing for a start-up from venture capital firms now, “but I feel like I’d be having a hard time. Here you get to learn.”
Firestone今年28虽，是一位软件工程师，他说他现在就会着手为创业寻求风险投资，但是我觉得不会很容易，所以需要学习。
According to a four-stage risk capital and debt maturity, determines the possible modes of financing and capital costs.
据四个阶段的风险资本和债务期限，确定了可能的方式，资金筹措和资本成本。
The JV Company shall be responsible for obtaining any loans or other financing that may be required by it to finance its operations and capital expenditures.
合资公司应负责获得任何贷款或其要求的其他资金，以便为其经营和资本支出提供资金。
Different from cost of financing, cost of capital reflects sound corporate governance mechanism and the respect for the reward of risk of capital.
与资金成本不同，资本成本体现的是健全的公司治理机制和对资本风险报酬的尊重。
This phenomena brings great pressure to the country and company's financing, and causes a capital waste.
对于国家、企业造成极大的资金压力，并且也造成了资金浪费。
The nature of the capital inflows financing a deficit also matters.
资本流动导致赤字的天性也是个麻烦。
As away of financing the long-term capital, the capital cost of the warrants should be thought over, But the traditional calculation methods can, t reflect it, true cost.
认股权证作为一种长期资金的筹资方式，其资本成本必须予以考虑。但是使用传统资本成本计算方法不能反映其真实成本。
Financing: the funds needed for construction projects Sioux Jinshan Group capital and bank loans.
资本张罗环境：工程树立所需资金为西乌金山团体资金金和银行贷款。
Because of different costs of capital, equity financing and debt financing must satisfy their own required levels of marginal capital output.
由于资本成本高低不同，权益筹资和债务筹资必须符合不同的边际资本产出水平条件。
Cost of capital is the basis of financing management of the business.
资金成本是企业筹资管理的主要依据。
Secondly, it compared and analyzed the different methods of deciding the best capital structure in the period of financing.
其次对企业筹资最佳资本结构的确定方法进行了比较分析。
It also analyzes the rationality of leverage financing with regard to the capital structure and profitability of the telecom industry.
通过分析行业内资本结构与赢利能力来考察电信行业资本结构的财务杠杆效应的合理性。
A positive rural financing and investing system might have effectively changed funds into productive capital so as to stimulate productivity.
良好的农村投融资体制能够将农村资金高效地转化为农村生产资本，进而促进农村产出的提高。
For venture capital, as an entirely new mechanism of investment and financing, besides the unique internal operation system, a sound external environment is indispensable.
风险投资作为一种全新的投融资体制，除了有其独特的内部运行机制外，良好的外部环境也不可缺少。
In terms of operating mechanism, venture capital can be seen as a continual financing cycle.
风险投资就其运作机理而言，可看作是一个连续不断的资金循环过程。
When making decisions in financing, the enterprise could attain the maximization of value by optimizing the capital structure gradually until the lowest costs is achieved.
企业在筹资决策中，要通过不断优化资本结构使其趋于合理，直至达到企业综合资本成本最低的资本结构，方能实现企业价值最大化这一目标。
Venture capital is a new pattern of financing system. It supplies new economic increase point and promotes high-tech achievement transformation.
风险投资作为一种新型的投融资制度，孕育了新的经济增长点，推动了高新科技成果的转化。
Since the MM theory was developed in the late 1950, the study on capital structure has become one of the hottest topics in the financing research field in the world.
自从二十世纪五十年代末MM理论提出以后，对公司资本结构问题的研究一直经久不衰，成为国外金融领域热门的课题之一。
In this paper, firstly, it USES the latest data of the financial statements of Pharmaceutical listed companies in China to study the characteristics of financing and capital structure.
本文首先采用最新财务报表数据分析了我国制药上市公司资本结构的现状。
In this paper, firstly, it USES the latest data of the financial statements of Pharmaceutical listed companies in China to study the characteristics of financing and capital structure.
本文首先采用最新财务报表数据分析了我国制药上市公司资本结构的现状。
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