净资产

净资产的确增长了，但这与政府无关。

It is no thanks to the Government that net assets did rise .

第5章，首先评价了以净资产为依据和竞标方式的MBO定价的不足，证明构建新的定价思路的重要性；

In chapter 5 first , I appraise the deficiency of taking net assets as the basis and competitive bidding .

他有价值1千万元的个人净资产。

He has a personal net worth of $ 10 million .

财务绩效选用净资产收益率、营业利润率、每股收益为会计指标和托宾Q值为市场指标进行衡量。

Accounting indicators , such as ROE , profit margin , earnings per share , and Tobin Q value as market indicator were selected to measure Financial performance .

据商业杂志《福布斯》（Forbes）称，他拥有45亿美元的净资产。

He has a net worth of $ 4.5bn , according to Forbes , the business magazine .

q值是某只股票（或整个股市）的价值与净资产重置成本的比率。

Q is the ratio of the value of an individual stock ( or of the stock market as a whole ) to net assets , at replacement cost .

内含价值是寿险公司有效业务价值和调整后净资产之和，是一种寿险公司特有的财务报告工具和价值测度工具。NET的开放式数控系统的一项关键技术。

Embedded Value is the sum of the value of in-force business and the adjusted net worth of life insurance company , which is a special financial reporting and value measuring tool in life insurance company .

然后建立了多元线性回归模型，将净资产收益率和托宾Q值分别作为解释变量带入回归方程进行分析。

Then establish the model of multivariate and linear regression , bring the rate of return on net assets and Tobin ' Q to the regression analysis model as explanatory variables .

在证券监管部门评价上市公司的经营业绩时也常常将净资产收益率（ROE）等财务指标作为主要的参考标准。

At the same time regulators depend largely on such financial index as ROE to assess operating performance of listed companies .

根据《福布斯》（Forbes）的数据，万达亿万富翁创始人王健林在中国富豪榜上排名第四，净资产为132亿美元。

Wang Jianlin , Wanda 's billionaire founder , is China 's fourth-richest man , with a net worth of $ 13.2bn according to Forbes .

以净资产收益率、净资产、每股收益等12项指标来衡量，并与上市公司的整体业绩做比较，表明我国上市公司MBO整体上基本没有达到政策和市场所预期的发展状态。

According to measurement with ROE , net assets , or EPS , etc , and comparing with the listed companies , the MBO in general failed to reach the expected purpose .

上市公司在实施MBO前过度派现可以降低上市公司的每股净资产，在收购当年及随后一年过度派现，可以为管理层筹集资金偿还实施MBO的借款。

The excessive cash dividends paid before MBO can decrease the net income per share of listed companies , and after MBO can raise the money for managers to repay the loans because of MBO .

以K值作为衡量调整前后每股净资产的波动幅度的指标，以2000-2002年上市公司3年的样本为研究对象，分析了我国上市公司资产质量及其与盈利能力的相关问题。

Using K as the evaluation amount of fluctuation of the pre and post net assets per share , listed firms from 2000 to 2002 as the study target , we analyse the related problems of the assets quality and the earnings ability of the listed firms .

还有无论我们采用托宾Q还是净资产收益率来衡量公司价值，研究结果都证实我国民营上市公司高管的政府背景与公司价值之间具有负相关的关系，但是在统计上是不显著的。

And whether we adopt Tobin Q or ROE to measure the value of company , the results of the research were confirmed in private listed companies and the background of the government with negative correlation between the relationship , but are statistically unsignificant .

第一部分介绍HF公司的创业历程，突出介绍其市场开拓和产品技术、质量保证能力不断提升的基本历程以及销售收入、净资产、利税总额增长情况。

The first part introduces the history of HF company , mainly focusing on the basic history of market exploitation , the continuous improvement of quality assurance capability and the increase of sales volume , net assets and gross profits .

第四章对两模型进行了实证分析，研究发现在Logistic模型中在三年模型中，每股净资产、资产周转率、基本每股收益、审计意见与公司是否被特别处理有比较密切的关系。

Chapter ⅳ the empirical analysis of two models , the study found in the Logistic model in three years , net assets per share , asset turnover , basic earnings per share , audit opinions is associated with the company to be ST .

Sorgente旗下的Caravaggio基金，是唯一一只向散户投资者开放并在米兰证券交易所（Milanstockexchange）上市的基金。该基金公布，自2004年启动以来，其净资产价值已增加了35.2%。

Its Caravaggio fund , the only one open to retail investors and quoted on the Milan stock exchange , has reported a 35.2 per cent increase in net asset value since its launch in 2004 .

上市公司为了获得配股资格，极有可能操纵会计盈余，以达到规定的净资产收益率（ROE）。

In order to obtain the qualification of issuing new shares to old stockholder , the listed companies will manipulate accounting earnings as possibly as they can to attain to the ruled ROE .

因此本文选取净资产收益率作为衡量企业价值的指标，根据MM理论选取了保费对数、企业资产对数、长期负债率、现金比率和双赫指数作为自变量，并以盈利虚拟作为控制变量。

Therefore , this article selects the ROE indicator as a measure of enterprise value . According to the MM theory , we select premiums , corporate assets , long-term debt ratio , cash ratio and HH index as independent variables , and earnings virtual as a control variable .

通过对主营业务收入增长率和净资产收益率在IPO前两年到IPO后一年的4个期间内的描述性统计和显著性检验，证明了我国创业板市场IPO效应的存在性。

By year after the two years before the IPO , the IPO on the main business revenue growth and return on net assets within a period of four descriptive statistics and test of significance , proved the existence of the GEM IPO effect .

2，公司净资产的市场价值与公司净资产的账面价值的比例（MBVE）；

The proportion between market value of net assets and book value of net assets .

故净资产收益率、销售利润率的变化同CPI、M1的变化相关性也变得较权益乘数、资产负债率差。

So , compared with the rights multiple and the property liabilities rate , the relativity between the change of rate of earning , the sale profit , and the change of the CPI and the M_1 becomes less .

本文试图利用净资产收益率（ROE）指标对我国上市公司的会计信息披露违规行为进行实证分析，旨在规范我国上市公司的会计信息披露。

This paper empirically analyzes the public companies'behavior of illegal disclosure of accounting information in China , Using the ROE and the purpose of this paper is to standardize the accounting information disclosure of public companies in China .

当前我国实施的MBO中大都采用每股净资产作为定价依据，该定价方法缺乏合理性，造成了国有资产的流失，同时损害了中小股东的利益。

This paper argues that it is not reasonable of the present pricing way for the price is decided according to the Net Asset Per Share . As a result , many State-owned assets are lost and the benefits of minor stockholders are damaged .

从更进一步的VEC方程可知净资产收益率与股票价格之间存在着显著的正相关关系，但是在每股收益与股票价格之间并没有发现这样的均衡关系。

In further study , we find that there is a prominent positive relevance between ROE and the stock price from VEC equation , while there is no such relationship between EPS and the stock price .

根据实证分析结果发现基于净资产和累计多期进行估计的改进的Basu计量方法在我国股票市场尚未成熟的条件下适用性不强。

According to results of the research , it is not applicable to use net assets-based measure and measure of accumulate improved asymmetric timeliness of earnings when our stock market is not mature .

20.Netflix创始人兼CEO里德·哈斯廷斯（ReedHastings）发行《纸牌屋》仅仅是Netflix的众多业绩之一，Netflix还开启了流媒体服务时代，将每月超过十亿小时的流媒体视频引入千万家，其创始人兼CEO里德·哈斯廷斯净资产超过10.25亿美元。

As the founder and CEO of Netflix - the streaming-media service that 's made over 100 million hours of movies and TV available to the public and has produced a slew of award-winning original television series.Hastings has a net worth of more than $ 1.25 billion .

在实证研究中，本文选用修正的净资产收益率（Ad-ROE）作为衡量公司价值的代理变量。

In the empirical study , this article selects the adjusted Return on equity ( Ad-ROE ) as the proxy variable which weights company value .

不过，奥特加旗下服装集团印第纺织（Inditex）的股价在上一周下跌了2.3%，他是正好赶上了股价反弹，现在个人净资产为658亿美元。

But after his clothing conglomerate Inditex lost 2.3 % last week , he was due for a rebound , and he now rests with a $ 65.8 billion net worth .

①净资产收益率符合发行条件。

Return rate of net assets is fulfilled the issuing conditions .