英语翻译1.Relatively larger sizes of targets will induce the man
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英语翻译
1.Relatively larger sizes of targets will induce the managers to inflate the stock price through advertising because of the possibility of significant economic gains.Hence,in equation (3)we hypothesize a positive coefficient on the DR variable.Similarly,higher managerial OWN may induce managers to increase advertising intensity due to relatively large personal gain fromdoing so.We also hypothesize a positive coefficient for the managerial OWN variable.However,it is important to note that in both cases increasing the stock price through increased advertising does not conflict with the existing acquiring firm’s shareholders’ interests.
1.Relatively larger sizes of targets will induce the managers to inflate the stock price through advertising because of the possibility of significant economic gains.Hence,in equation (3)we hypothesize a positive coefficient on the DR variable.Similarly,higher managerial OWN may induce managers to increase advertising intensity due to relatively large personal gain fromdoing so.We also hypothesize a positive coefficient for the managerial OWN variable.However,it is important to note that in both cases increasing the stock price through increased advertising does not conflict with the existing acquiring firm’s shareholders’ interests.
相对大的目标群会引发管理者通过广告来提高股票价格,因为有机会获得巨大的经济收益.因此,在等式3中,我们假定在DR变量上有一个正系数.相似的,更高的管理层持股也有可能引发管理者提高广告密度,因为他们个人可以获取更大的收益.所以我们假定管理层占有变量也有一个正系数.然而,需要注意的是,在两种情况下,通过提高广告程度来提高股票价格并不与公司现有股东获取利益矛盾.
不知道上下文,不太确定一开始的targets是什么意思.
按照我证券市场的经验理解,这貌似是在说增发新股?
所以,就是说发行部分的量越大,公司获取的经理利益越多,所以管理层会试图提高股价.
如果管理层的股本占有量大,提高股价他们个人的收益也就大,所以他们也会尝试提高股价.
这种提高股价的行为不会对现有股东产生不利影响.
不知道上下文,不太确定一开始的targets是什么意思.
按照我证券市场的经验理解,这貌似是在说增发新股?
所以,就是说发行部分的量越大,公司获取的经理利益越多,所以管理层会试图提高股价.
如果管理层的股本占有量大,提高股价他们个人的收益也就大,所以他们也会尝试提高股价.
这种提高股价的行为不会对现有股东产生不利影响.
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