约束水平 meaning in English
bound level
Examples
- Time - cost trade - off in a transportation problem with multi - constraint levels
多约束水平运输问题的时间费用均衡 - Based on agency theory , the paper investigates the relationship between ownership structure and financial constraint level of listed companies in chinese group corporation
摘要本文从大股东代理问题角度，分析了中国企业集团控股股东股权结构与上市公司融资约束水平之间的关系。 - Empirical evidence shows that financial constraint level of listed companies in groups corporation is significantly higher than that in ungroup corporation ; listed companies owned by individual groups corporation are facing more serious financial constraint than that owned by national groups one ; the curve between ownership concentration and financial constraint goes up firstly , then down and up finally , like a wave , which reflects the degree of the groups company shareholder ' s expropriation to listed companies with the different ownership concentration
实证研究结果表明：集团控股的上市公司融资约束水平显著高于非集团控股的上市公司；自然人集团控股的上市公比国有集团控股的上市公司面临更大的融资约束问题；集团控股股东持股比例分布与上市公司融资约束水平呈现先上升，后下降，再上升的波浪形，反映出随集团持有上市公股权比例的变化，其对上市公司利益侵占程度有所不同。