首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
下面你将听到一段关于股票与企业管理的介绍。// Attempts to increase the attention span of executives by using incentives have failed. Even "long-ter
下面你将听到一段关于股票与企业管理的介绍。// Attempts to increase the attention span of executives by using incentives have failed. Even "long-ter
admin
2018-08-31
93
问题
下面你将听到一段关于股票与企业管理的介绍。//
Attempts to increase the attention span of executives by using incentives have failed. Even "long-term" incentive plans tend to have a horizon of only three years, far too short to measure the success of corporate actions such as acquisitions. Performance measures such as earnings per share or return on equity may encourage excessive risk-taking. //
So why haven’t shareholders redressed the balance? One obvious way for shareholders to exercise influence is through their willingness to provide capital. But companies have barely turned to the equity market for new finance in recent years. Businesses prefer to raise money through debt or to be absorbed into bigger groups through acquisitions. // The number of companies on London’s main market has fallen by half over the past decade. Even new flotations on the market seem primarily concerned with allowing early-stage investors to cash in their stakes. //
Investors could show their displeasure with poor corporate strategy by selling their shares, driving the price down so the company is vulnerable to a takeover. But most shares are no longer owned by private investors or pension funds, but by professional fund managers. // Those managers are themselves judged on the basis of short-term measures and on their performance relative to a stock market index. That makes them reluctant to have a small stake in a company that is a large index component. And whereas 20 years ago lobby groups such as the Association of British Insurers exercised a lot of sway over management, the voting power of such groups has dwindled and that of foreign investors and hedge funds has risen. //
选项
答案
通过奖励措施来扩大高管们注意力长度的尝试并不成功。即使采用“长期”奖励计划,其注意力持续时间也常常仅为三年,太短了,远不足以衡量企业经营的成就,例如并购。每股收益、股权回报率等业绩衡量指标可能会鼓励过度冒险。 那么为何股东没有纠偏呢?股东实现其影响力的一种显著方式是自愿提供资金。但近几年来,企业几乎不会在股票市场中进行新的融资,而更愿通过借贷方式筹资,或通过并购方式被纳入更大的集团。伦敦证券交易所主板上的企业数量在过去几十年中已下降一半。即使在股市发行新股,也似乎主要是为了早期投资者兑现其股份。 投资者可以通过卖出股票的方式表达对企业不良战略的不满,这样会拖低股价,使得企业易被收购接管。但大部分股票不再属于私人投资者或养老基金,而是掌握在职业基金经理手中。人们会以短期指标以及相对于股价指数的业绩对这些经理进行评判,这使得他们不愿意在一个占很大指数比重的企业中只拥有少量股份。二十年前,诸如英国保险协会的利益团体对管理层有很大的影响,而这类团体的表决权现在已经减弱,外国投资者以及对冲基金的表决权则有所增强。
解析
转载请注明原文地址:https://kaotiyun.com/show/PwuO777K
本试题收录于:
CATTI三级口译实务题库翻译专业资格(CATTI)分类
0
CATTI三级口译实务
翻译专业资格(CATTI)
相关试题推荐
MEXICANMURALART(1)ThefirstmajormodernartmovementinLatinAmericawasMexicanmuralism,whichfeaturedlarge-scale
Thetourists’favouritevisitingplacesvaryfrompersontoperson,somewanttovisitbeautifulmountainsandrivers,othersli
农业加工业帮助提升中国农业发展过去二十年,农产品加工业始终是中国农业发展的引擎,它使农民的腰包鼓了起来。在改革开放的年代中,尤其是在20世纪最后五年,农业加工在国民经济中的重要性一直在稳步上升。国家统计局数字显示,农产品加工业已成为
要实施两项关键政策:一是经济结构的战略性调整,一是继续扩大对外开放。
China’sWTOentrymakesitimperativeforenterprisestoincreasetheircompetitivepower,andforindustriestoestablishtheir
就业是民生之本,是人们赖以生存和发展的基本经济资源。由于人口众多,劳动力资源丰富和经济结构调整等原因,中国目前面临巨大的就业压力。中国政府始终将促进就业作为国民经济和社会发展的战略任务,将控制失业率列入国民经济宏观调控的主要目标,合理调整就业结构,建立市场
Withlittleornovisualfeedbacktoreinforcethementalmap,avisuallyimpairedpersonmustrelyonmemoryforkeylandmarks
Areyouhavingdifficultyfollowingdiets?Ourlivesarewaymorecomplexthanthosewhichallowustosticktoamonotonousres
Theargumentabouttheinterpretationofthesentence______onthemeaningofoneword.
随机试题
从2001年起,为特别提款权定值的“一篮子”货币构成包括()
超声造影剂常用哪种物质作为造影剂的基质
下列不属于小儿重症肺炎的表现的是
【背景资料】某安装公司承接了商场(地上5层,地下2层,每层垂直净高5.0m)的自动扶梯安装工程,工程有自动扶梯36台,规格:0.65m/s,梯级宽1000mm,驱动功率10kW。合同签订后,安装公司编制了自动扶梯施工组织与技术方案、作业进度计划等
关于行政处罚,下列表述正确的是()。
在“互联网﹢”时代,通过教育信息化建设,可以突破______障碍,逐步缩小区域、城乡数字差距,扩大优质教育资源覆盖面,把优秀的教育资源送到农村去,送到最需要的地方去,让更多的孩子同在蓝天下共享优质教育。填入画横线部分最恰当的一项是:
在进入青春期以后,小莉与父母的关系发生了微妙的变化。这种变化表现在()。
________________、________________、________________可以说是基本词汇的主要特点。
设已知一汉字的国标码是5E48H,则其内码应该是
Readapassageaboutmoderndance.Matchthetopics(61to65)tooneofthestatements(AtoG)givenbelow.Markyouranswer
最新回复
(
0
)