英语翻译With the help of the unique delisting and rights issuing regulations in China mentioned above,in this paper,we are able to differentiate firms in sound financial conditions when controlling shareholders have strong incentive to tunnel fro

英语翻译With the help of the unique delisting and rights issuing regulations in China mentioned above,in this paper,we are able to differentiate firms in sound financial conditions when controlling shareholders have strong incentive to tunnel fro
英语翻译
With the help of the unique delisting and rights issuing regulations in China mentioned above,in this paper,we are able to differentiate firms in sound financial conditions when controlling shareholders have strong incentive to tunnel from firms in poor financial conditions when controlling shareholders are more likely to prop.Generally speaking,when a firm is designated as ST,PT or *ST,it is in poor financial conditions and it is facing the risk of delisting.When a firm is in a time period during which it successfully obtain the right to issue new shares,it must be in healthy financial conditions since neither the risk of delisting or the risk of losing rights to issue new shares exists.It is important to note that,in other conditions when a firm does not face the risk of delisting or losing rights to issue new shares,the incentives of tunneling or propping is less clear to identify.If a firm does not need or intend to issue new shares,tunneling is likely to occur.If a firm needs to issue new shares in the near future,to meet the issuance requirements,it is more likely for the controlling shareholders to prop up the firm rather than to tunnel.

英语翻译With the help of the unique delisting and rights issuing regulations in China mentioned above,in this paper,we are able to differentiate firms in sound financial conditions when controlling shareholders have strong incentive to tunnel fro
借助于目前独特的摘牌和新股发行制度,我们能够将经济健全的企业区分出来,因为这类企业的控股股东有很强的动机要么去收购那些经济基础濒临奔溃的企业,要么给予其支撑帮其度过难关.一般来讲,当一个企业被划为ST,PT 或 *ST的时候,那么可以肯定他已经处于破产并即将被摘牌.反之,当一个企业成功获得发行新股的权力的时候,我们可以肯定这个企业经济状况良好,他不会面临被摘牌的风险.有一点很重要,当一个企业既不存在被摘牌的风险又没有失去发行新股的权力的时候,我们很难知道他是否有收购或支撑其他企业的动机.但如果一个企业没有任何打算去发行新股的时候,那么他收购行为很有可能发生.如果一个企业由于发行期已到,他需要在近期发行新股,那么他的控股股东更有可能去将濒临破产企业支撑起来而不是将其收购.
我是外行,尽力了.

借助独特的退市和配股规定在中国提到的，在本文中，我们能够区分企业财务状况良好时，控股股东从公司财务状况不佳时，控股股东更可能支撑隧道的强烈动机。一般来说，当一个公司被指定为ST或*ST，PT，它是贫穷的财务状况和其面临退市的风险。当一个企业在一个时间段期间它成功地获得正确的新股发行，它必须在健康的财务状况没有退市的风险或失去发行新股份的权利存在的风险。值得注意的是，在其他情况下，当一个公司不会面临...

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借助独特的退市和配股规定在中国提到的，在本文中，我们能够区分企业财务状况良好时，控股股东从公司财务状况不佳时，控股股东更可能支撑隧道的强烈动机。一般来说，当一个公司被指定为ST或*ST，PT，它是贫穷的财务状况和其面临退市的风险。当一个企业在一个时间段期间它成功地获得正确的新股发行，它必须在健康的财务状况没有退市的风险或失去发行新股份的权利存在的风险。值得注意的是，在其他情况下，当一个公司不会面临退市或失去对新股发行权的风险，支持或掏空动机不明确的识别。如果一个企业不需要或打算发行新股，隧道是可能发生的。如果一个公司需要在不久的将来发行新的股票，符合发行条件，为控股股东支持上市公司比隧道更可能的是。

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With the help of the unique delisting and rights issuing regulations in China mentioned above, in this paper, we are able to differentiate firms in sound financial conditions when control...

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你好，很高心为你
With the help of the unique delisting and rights issuing regulations in China mentioned above, in this paper, we are able to differentiate firms in sound financial conditions when controlling shareholders have strong incentive to tunnel from firms in poor financial conditions when controlling shareholders are more likely to prop. Generally speaking, when a firm is designated as ST, PT or *ST, it is in poor financial conditions and it is facing the risk of delisting. When a firm is in a time period during which it successfully obtain the right to issue new shares, it must be in healthy financial conditions since neither the risk of delisting or the risk of losing rights to issue new shares exists. It is important to note that, in other conditions when a firm does not face the risk of delisting or losing rights to issue new shares, the incentives of tunneling or propping is less clear to identify. If a firm does not need or intend to issue new shares, tunneling is likely to occur. If a firm needs to issue new shares in the near future, to meet the issuance requirements, it is more likely for the controlling shareholders to prop up the firm rather than to tunnel.
翻译如下：
独特的摘牌的帮助下和权利发行规定在中国上面所提到的,在这篇文章中,我们能够区分公司良好的财务状况时,控股股东有强烈的动机隧道公司金融条件差当控股股东更有可能支持。一般来说,当一个公司被指定为圣,PT或* ST,它是财务状况不佳,面临退市的风险。当一个公司是在一个时间周期
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