external equity

The second, analyses the strong demand of the SMEs due to the character of their high development. In the basis of Pecking-Order theory, a new viewpoint of external equity financing should be superior to credit for SMEs is presented here.

其次从中小企业的高成长性入手，分析了我国中小企业对外部股权融资的强烈需求，并在西方优序融资理论的基础上，提出了中小企业外部股权融资优先于银行信贷融资的观点。

The study explain the company how to build theoretically and practically the more intestine equity, external equity, individual equity and processing equity thought and principle of compensation included with the way of realization and flow according to position, skill and performance.

理论联系实际地说明了企业如何根据职位、技能和绩效，建立更符合外部公平、内部公平、个体公平和过程公平的现代企业薪酬制度的设计思想和原则，以及实施方法和流程等；

After a discussion of internal and external mechanisms of corporate governance, we conclude that foreign acquisitions might affect the corporate governance through the changes in equity structure and the corporate control market.

在对公司治理内外部机制进行探讨的基础上，我们认为外资并购主要可以通过股权结构变化和公司控制权市场的作用影响被并购公司的治理水平。

When we are carrying out the commercial bank reform and the credit is harder to get than before, it is of great significance to develop the external equity financing for SME's developing.

在我国进行商业银行改革，信贷监管趋紧的形势下，大力发展外部股权融资无疑对高速成长的中小企业有着重大意义。

The liability may efficiently promote shareholder value when increasing debt for it avoiding tax, Company should first consider debt in external financing, then equity financing, But the actual is opposite in Chinese.

由于负债具有一定的税收规避效应，增加负债可以有效地提升股东价值，因此当公司进行外部融资的时候应首先考虑负债融资，然后才是股权融资，但中国的实际情况并非如此。

Analysis on the External Equity Transfer of Limited Liability Company

有限责任公司股权对外转让规则分析

In the way of material compensation system, from an increase in pay of external competitiveness and internal equity aspects, and the positions set different levels of fixed pay, reserve pay up space.

在物质薪酬方面，从提高薪酬外部竞争力和内部公平性方面着手，并对各岗位设置不同的固定薪酬等级，预留薪酬的上升空间。

On this basis, the author conducts quantitative study on internal equity, department equity and external equity in the Equity Theory.

在此基础上，对公平理论中的内部公平、部门公平以及外部公平进行了定量研究。

Payment management must consider external and internal equity. Job evaluation contributes to the attainment of internal equity in payment management.

薪酬管理必须考虑内部公平和外部公平，岗位评价有助于实现薪酬管理的内部公平。

Strategic direction has given a clear direction and goal of the compensation design. Job evaluation could ensure internal equity of compensation design. In the end salary market survey could ensure the external equity of compensation design.

战略导向使我们明确了薪酬设计的方向和目标，岗位评价保证了薪酬设计的内部公平，薪酬市场调查保证了薪酬体系设计的外部公平性。

Endogenous financing is the main source of the project investment, which comes from operating cash flow of the enterprises. Namely, the enterprise cash flow income is used to invest the new projects. External financing consists of two ways, equity financing and debt financing.

内源融资就是项目投资的资金主要来源是靠企业的经营现金流，即以企业现金流收入来进行新项目投资；外部融资通过权益融资和债务融资两种方式实现。

Among them, the external financing includes equity financing and debt financing.

其中，外部融资包括债务融资和股权融资。

The growing securities market has diversified the ways of refinancing among the listed companies, covering internal equity financing, bond financing, external equity financing and so on so forth.

随着证券市场的发展，上市公司的再融资途径呈现出多样化格局，内部股权融资、债务融资、外部股权融资等已成为上市公司可选择的再融资方式。

Through empirical analysis, in the capital market of China, the proportion of internal equity financing is less than that of external equity financing.

由实证分析可以看到，在我国的资本市场上，普遍存在上市公司内部融资比例偏小，外部融资比例偏大的现象；

The internal and external pay equity issues have aroused a universal concern in the pay management, but it is often very hard to give attention to two.

薪酬的内部公平性和外部公平性问题在薪酬管理中受到普遍的关注，但二者往往很难兼顾。

In the countries with well-developed capital market, listed companies usually consider internal equity financing first, and then bond financing, and finally the external equity financing.

在资本市场发达的国家，上市公司通常先选择内部股权融资，其次是债务融资，最后是外部股权融资。

Based on the theoretical study and according to the analysis of the actual situation, this paper analyzes the external mechanism of the equity incentives impact on the performance of listed companies.

在理论研究的基础上，依据国内的实际情况分析了股权激励制度对上市公司绩效作用的外在机制，以资本市场、经理人市场的视角研究了股权激励对上市公司绩效作用的方式。

Long term equity investment is an important part of external investment of an enterprise.

长期股权投资是企业对外投资的重要内容。

Second, it analyzes the problem of current compensation system, such as external competitiveness, internal equity and salary incentives, points out the limitations of it, which based on the investigation of the satisfaction of the current compensation system.

其次，通过薪酬满意度调查，以及对LC公司薪酬体系现行状况的描述与分析，发现其在对外竞争力，对内公平性和薪酬激励方面存在的问题。

When deciding base salary, comparison with other companies is important, since that involves the issue of external pay equity.

当指定基本工资的时候，与其他公司做比较是非常重要的，因为那涉及到外部薪酬平等的问题。

On the External Equity: A Case Study of Post Subsidy System in Colleges and Universities

关注外部公平：基于大学教师岗位津贴的个案分析

The modern capital structure theory shows that a company's financing structure does affect its value, so firms usually raise their finance in pecking order: retained earning refinancing, debt financing, and then external equity financing.

现代资本结构理论表明，公司的融资结构确实影响公司价值，公司的融资顺序应遵循优序融资理论，即留存收益优先，债权融资次之，外部股权融资最后。

A Study on Internal Control Over the Corporate External Equity Investment Business Based on UT STARCOM's Crisis

从UT斯达康危机探研企业对外股权投资业务内部控制

The aim of salary management is to obtain internal and external equity of salary system.

薪酬管理的目标是达到薪酬体系的内部公平和外部公平.

Nevertheless, in Chinese security market, most listed companies are prone to adopt external equity financing such as allotment of shares or issuance of new stock, which work rather inefficiently.

但在我国证券市场上，大多数上市公司却倾向于配股或增发新股的外部股权融资方式，而且再融资绩效普遍较差。