joint stock system

简明释义

股份制

英英释义

例句

1.The joint stock system 股份制 allows multiple shareholders to invest in a company without being involved in its daily operations.

股份制允许多个股东投资于公司，而无需参与其日常运营。

2.The introduction of the joint stock system 股份制 has transformed the way businesses raise capital.

股份制的引入改变了企业筹集资金的方式。

3.Many companies prefer a joint stock system 股份制 because it allows for easier transfer of ownership.

许多公司更喜欢采用股份制，因为这允许更容易的所有权转让。

4.Investors are often attracted to firms that operate under a joint stock system 股份制 due to the potential for dividends.

投资者通常被采用股份制运营的公司吸引，因为有潜在的股息收益。

5.In a joint stock system 股份制, the liability of shareholders is limited to their investment in the company.

在股份制中，股东的责任仅限于其在公司的投资。

作文

The concept of a joint stock system has been pivotal in the evolution of modern business practices. This system allows for the pooling of resources from multiple investors, enabling them to collectively own shares in a company. By doing so, individuals can invest in larger ventures than they could afford on their own, thus spreading risk and increasing potential returns. The joint stock system originated in the late Middle Ages and became more formalized with the establishment of joint-stock companies in the 16th and 17th centuries. These companies allowed for the accumulation of capital necessary for exploration, trade, and other large-scale enterprises. One of the significant advantages of the joint stock system is that it promotes entrepreneurship by allowing individuals to invest in various businesses without needing to be directly involved in their operations. This separation of ownership and management means that investors can diversify their portfolios, reducing the risk associated with investing in a single venture. For instance, if one company fails, the losses are mitigated by the performance of other investments. Moreover, the joint stock system fosters innovation and economic growth. With access to pooled resources, businesses can undertake research and development projects that would otherwise be unattainable. This has led to technological advancements and the creation of new products and services that benefit society as a whole. In many ways, the joint stock system has laid the groundwork for the capitalist economies we see today, where stock exchanges and public offerings are commonplace. However, the joint stock system is not without its challenges. One notable issue is the potential for agency problems, where the interests of shareholders may not align with those of the company's management. Managers might prioritize personal gains over shareholder value, leading to conflicts that can harm the company’s performance. To mitigate this, corporate governance mechanisms have been developed, including board oversight and performance-based compensation for executives. Additionally, the joint stock system can contribute to market volatility. Speculation in stock markets can lead to price fluctuations that do not necessarily reflect the underlying value of companies. This can create uncertainty for investors and may result in economic downturns if a significant market correction occurs. Therefore, while the joint stock system provides numerous benefits, it also requires careful regulation and oversight to ensure stability and fairness in the market. In conclusion, the joint stock system plays a crucial role in the global economy by enabling collective investment and fostering innovation. While it presents certain challenges, the benefits it offers in terms of risk diversification, capital accumulation, and economic growth are undeniable. As we continue to navigate the complexities of modern finance, understanding the intricacies of the joint stock system will be essential for both investors and policymakers alike. Its significance cannot be overstated, as it remains a cornerstone of how businesses operate and grow in today’s interconnected world.

“股份制”这一概念在现代商业实践的发展中起着关键作用。该系统允许多个投资者共同集中资源，使他们能够共同拥有公司的股份。通过这种方式，个人可以投资于比自己单独承担的更大规模的企业，从而分散风险并增加潜在收益。“股份制”起源于中世纪晚期，并随着16和17世纪股份公司的建立而更加正式化。这些公司允许积累进行探索、贸易和其他大型企业所需的资本。“股份制”的一个显著优势是，它通过允许个人投资于各种企业而不需要直接参与其运营来促进创业。这种所有权和管理的分离意味着投资者可以多元化其投资组合，从而降低投资于单一企业的风险。例如，如果一家公司失败，损失会因其他投资的表现而得到缓解。此外，“股份制”还促进了创新和经济增长。通过获得集中资源，企业可以进行原本无法实现的研发项目。这导致了技术进步和新产品及服务的创造，这些都使社会受益。在许多方面，“股份制”为我们今天所看到的资本主义经济奠定了基础，在这些经济中，股票交易所和公开募股已成为常态。然而，“股份制”并非没有挑战。一个显著的问题是代理问题，即股东的利益可能与公司管理层的利益不一致。管理者可能优先考虑个人利益，而非股东价值，从而导致冲突，可能损害公司的表现。为了减轻这一问题，已经制定了公司治理机制，包括董事会监督和基于绩效的高管薪酬。此外，“股份制”可能导致市场波动。对股票市场的投机可能导致价格波动，这些波动不一定反映公司的基本价值。这可能为投资者创造不确定性，并可能在发生重大市场修正时导致经济衰退。因此，尽管“股份制”提供了众多好处，但它也需要谨慎的监管和监督，以确保市场的稳定和公平。总之，“股份制”通过使集体投资成为可能和促进创新，在全球经济中发挥着至关重要的作用。虽然它带来了某些挑战，但它在风险分散、资本积累和经济增长方面提供的好处是不可否认的。随着我们继续应对现代金融的复杂性，理解“股份制”的复杂性对于投资者和政策制定者来说都将至关重要。它的重要性不容小觑，因为它仍然是当今互联世界中企业运作和增长的基石。