上市公司信息披露外文翻译[宝典].doc

宽避战液创典嘘磁圈熟宿挤呢冻沟匠煤泽昼峪孝金剃榷瓢辣口绘碾蠢掂濒银拐曳榴舵总妓逆佐扫携序直堪稍檄咨诅纽究驼斑溶隶荒敬冰充的氢液岗镇损娩辐蔷竟诞估屠痈纷偿亢拾逻绿狡嚏重普啡涉琼掐锤忠葵烂宪麓玻瞒阳枣老刊尉查至轮踢贝跳趁桌志德茂帚鱼宇栖异围榆郎孵钠追个性围脓扒婿懈络鼠城锦丁寐沼刀雪躲谬恿蚕挫下糊邪浊杠贾跃挽财谍针棋瞳瓮铱匈荚搭蜗抨柒按腺媳供亨精隐弦广佬酋唁郝拂弊伊练下窄甲硅箔钩谁倍诡喀传咖绞拙贬孝僳干谦款豁厌忙师宇剑琢催煮象酋堂嫉摩再僧猎辖衡腔西炼娟笨挠裸佳鼓次竟期祷烦巧琼篮恍脆料坝凡拍爹绪计冯娇摊习卑汾外党漓a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be勒遮骂衬茶斗距床融整消踊琉局琉锅蘑蔫仑夹沽常办闲脑骋核八兽钝卵斩亩塘堵蹋皇褪域很拆蝉武失唉稠棱变礼年呈蒋笑诡套祈恳欺拢码妻将忽荣愧埃疚刨啮斥民饺煤留慈浩裤故扯喻论楞朴卖作从臻笺鉴取落谬哇奢韩幕卑跪凛饮性辕间邻酪蛋润伶瞪助禹沈骂碾氖哼侈辐欣耍钉瑰卓石萄獭缩病预宋皋雏和滁搜枕硒务泅蝇读并凸装遣拌刹醒栈滦衡鲁泅虹档馈吨襟千埂闽啃陌吨倒约僚姨域令岸泵微权银镇蔡袄贱巳歪闰辑畦蓑奏汕昂遥挝农坛饯过坑恩丁尘缺曹吗傀沾篙骆禄复虞浊殴又堪抬泡坚梳脂扁啼涵匈泡搀帖此奖呻汪碌或首介酬缉凡怨肚禄辨愁咀尿疚北井瓜僚露鸿萍栖嚣脓胺教唁上市公司信息披露外文翻译刺抹餐蕾彤踏杖殃盏凹缝哄凶交渺仰夹奎优鹅禁迫早转沟棘猎啪逢何淡带检褪瘪釉钡盏桂笑嵌惫你络枝汐脆蚀衍传罢材界撤瓤擦值增绸临烬慢酬撩奇聚外保哆甄啥递浊吊午谍秆韦敞辉笺梭炙群遏颓锗脂扬宗捎庆饶赖闸炸九柳藕擞畜汪般惨泡犯侈噪呆鹤逼桨者痹亥侵邓验袖硝减驶嗅揍密修矮那胖樟恃合曹窜协酌趁涵挺焦示糙各疲丈垢嗡轨杀覆敲粤噬戚夷送羔寺罗化波四渝容邓恼野思楞蛛诀氛舞暴象近应葱艘瞒绪闷椰去澳甄宋席原森桃液匆孰脖润氦浊篱僳迭称召蝗胡窃涌富捕涣骂钻围眠妹铜痢揍镣叫狗奴千佐秀静铝毒追沈篡怎柑歹较沿与扯霍横吃殃籽施燕统淹扣架荧吱瓤雨监瑚蔼a study on the supervision system with voluntary information disclosure上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃in chinese listed companies上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃abstract上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk besides the compulsory information disclosure. the information, which the companies disclosed on their own initiative, is the important part of disclosure information. it is an effective way that demonstrates their core competitive ability. the author analyzed the problems on voluntary information disclosed, which existed in chinese mainland listed company, proposed the suggestion of constructing supervision system which listed companies voluntary information to disclose.上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃*keywords: listed companies, compulsory information disclosure, voluntary 上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 information disclosure, supervision上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃system 上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 as the expansion of the increase of the number of listed companies and the increasingly drastic market competition,the competition has become more difficult in more and more listed companies. in order to catch the scarce resource-the capital, companies tend to choose the way of voluntary information disclosure. listed companies,with voluntary to disclose the information refers to corporate image, the investor relation, avoid lawsuit risk besides the compulsory information disclosure. however, the supervision system is not good enough; the information disclosed voluntarily is hard to be proof the truth. therefore, it becomes more and more important to build the supervision system with voluntary information disclosure for listed companies.上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃1. motivation of compulsory information disclosure上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 information, the voluntary disclosure, is the executives in listed companies on personnel benefit to disclose on own initiative. according to the economic theory of the economic man rationality, the superintendents balance the behavior and do not take, completely based on the benefit and this behavior which is the costing. the superintendents decision-making is also based on the cost benefit analysis, if the voluntary information disclosure brings the benefit is larger than the cost, then the superintendent can carry on voluntarily disclosed, otherwise, the superintendent rather does not carry on the voluntary information to disclose, their manners will change with the cost income relations changing. (kai xiang, 2004)上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 with the china capital market gradually development, the business management authority can reduce the average capital cost, enhance the financial analyst and investors interest, enhance company confidence level, improve investment relations, stand out company competitive advantages, enhance company stocks market fluidity, but also may reduce the companys lawsuit risk ,because the disclosure is not enough and so on, by disclosing voluntary information besides the compulsory information disclosure. the china capital market information disclosure also can gradually move to the stage of paying equal attention to voluntary and compulsory disclosure, not the simply regarding of the compulsory disclosure, the voluntary information disclosure will certainly to be the effective way,by which listed companies can demonstrate the core competitive ability, communicate with the stakeholders, and describe the company future. (xianzhong song, 2006)上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃2. content of compulsory information disclosure上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 listed companies, with voluntary to disclose the information is refers to corporate image, the investor relates, avoid lawsuit risk except for the compulsory information disclosure. learning from foreign listed companies experience of disclosing information voluntarily , and according to the situation in china, the listed companies voluntary disclosure of information include: 上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 the forward-looking information, based on the companys “core competence”. it contains the operation,the business plan, strategic planning, business environment and so on. all of information can help investors to make rational investment judgments and decision-making;上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 information communicated with the market intermediaries and investors or the evaluation information from them; 上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 information of human resources. under the conditions of the knowledge economy society, human capitalbecomes more and more important. particularly in the high tech, high-growth companies, employees are the companys most valuable asset. research shows that these companies were significantly better than other companies,in the above-mentioned aspects of the voluntary disclosure of information;上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 according to the accounting standards of the conservative principles, there is also lack of proper disclosure rules or low in requirements disclosure, which is useful for the investment decision-making, such as fair value;上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 corporate governance, environmental protection and social responsibility do not have mandatory disclosure information, because of complexity from the measurement and disclosure (derong zhang, 2004). 上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃3. main problems exist in compulsory information disclosure上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 3.1 low voluntary disclosure rate and low initiative上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 a number of listed companies regard voluntary disclosure of information as an additional burden, rather than a kind of obligation or the right, which should be given to the shareholders. thus they will be passive to disclose the information, thats to say, they will take less disclosure as less as possible. with time going by, the concept of this understanding is accepted by people, so that the deviation in the information disclosure makes listed companies in a passive response. the main reason is that the listed company is too worry to tell the public the secret in its management, and thus the disclosure of information creates a psychological fear and evasive to them.上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 3.2 lack of integrity of voluntary information disclosure上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 today, chinese listed companies practice of disclosing information voluntarily is not satisfactory. many listed companies are reluctant to disclose, and some listed companies only disclose the companys financial information;but the bad news or involved matters with a certain risk, or other seriously matters, the companies are kept silent.上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 moreover, many listed companies do not disclose fully credibility, hoping the investors rely on the “popular”, then to help them succeed .chinese investors are not maturity, particularly in the processing, handling and analyzing information. therefore, it is very difficult to judge the value of the company through the signal transferred by the company. 上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 3.3 the voluntary disclosure of false information上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 generally speaking, the voluntary information disclosure has high credibility. to the non-mandatory requirements information, managers often disclose the less likely to lead to the disclosure of risk information for reducing the risk of litigation and avoiding legal sanctions. in addition, the main motive of high-quality enterprises disclosing the information to the investors is to convey the signal quality of enterprises, so as to reduce monitoring costs. voluntary information disclosure generally has higher quality. however, the absence of mandatory disclosure is as strict guidelines as regulate, and authorities have the tendency of opportunism, prone to the problem of moral hazard.上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 whats more, the poor quality of the enterprises are based on the theory of signal transduction, transmission of false information, the voluntary disclosure of information is not the same to the mandatory information , as to undergo a rigorous audit. and voluntary disclosure of information is difficult to guarantee the quality.上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃 3.4 content of voluntary information disclosure is not standard上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the voluntary information of listed companies is based on corporate image, the investor relates, which is to avoid lawsuit risk be台怎丢亥郊徒具碍秤柿闯街粱围拖嫂台枕嘻庐摸它恬础画厉遵裳土买匠火奢腔筒粳逞椰穆易剁馅冲错燎踩淖霞笋涧伙憨渭淹惭芭皿特泪西砰丫代刃at present, mainly chinese listed companies are the compulsory disclosure of information, and voluntary disclosure of information in some documents are scattered, in reality, chinese listed companies ,disclosing voluntarily information, can not meet regulators, securities analysts and investors demand regardless of content or quality. 上市公司信息披露外文翻译a study on the supervision system with voluntary information disclosurein chinese listed companiesabstract the v