total capital stock meaning in Chinese
总股本
Examples
- Article 81 where a joint stock limited company is established by promotion , its registered capital shall be the total capital stock subscribed for by all the initiators as registered in the company registration authority
第八十一条股份有限公司采取发起设立方式设立的，注册资本为在公司登记机关登记的全体发起人认购的股本总额。 - By using serial correlation test and cross - section test through the data of the share companies that were listed in shanghai stock exchange before 16th oct 1998 , the size effects in china stock market was tested in the period from 16th oct 1998 to 26th oct 2001 . all the share companies which in total 373 were grouped into 11 according to four different criterions . these four different criterions were total circulating captal stocks , total circulating market value , total capital stocks , total value of a share company . through the correlation test between the abnormal return rate and the size of the group , no size effect was found through the size criterion of the total value and the total circulating value except only one period
运用序列相关性我国股票市场的小公司效应进行实证检验，所采用的样本是在1998年10月16日以前挂牌上市的373家上市公司从1998年10月16日到2001年10月26日，共150周的交易数据。对公司进行以规模大小分组时，分别采用了流通市值、流通股本、总市值和总股本四种不同的标准进行投资超额收益率规模相关性分析，发现以总市值和流通市值为规模标准的实证结果除个别时期内存在着小公司效应外，其它时期并不存在小公司效应，而以总股本和流通股本为标准的小公司效应最为明显；另外，小公司效应在统计区间内表现出时段性。 - The total capital stock of a share company were proved to be the best criterion and the size effects were found to be much more obvious , the second best crierion is the circulating capital stock . even though , the size effects were not proved to be existing through all the periods that were tested . it is proved that the size effects were periodical and highly correlated with the changes of policy of the stock market
从时间来看，小公司效应是从1999年6月30 ? ? 1999年12月31 ，即统计的第三个时期开始的，这在时间上与我国证券市场资金准入政策变得宽松是一致的；而在最后一个时期，即2001年6月30 ? ? 2001年10月26日的统计时期内却没有小公司效应，与我国国有股减持政策出台、打击市场操纵、规范上市公司治理结构和信息披露制度在时间上是一致的。