英语翻译

题目

英语翻译
Based on the above classifications of financial conditions we examine the tunneling or propping behavior of the firm using the information from the announced connected transactions in Chinese listed firms.We classify the firms during the 1998-2004 period into three categories:sound financial conditions,poor financial conditions and the rest.We also classify the transactions into two types:connected transactions and non-connected ones.Finally,we further group these transactions into different:asset acquisitions,asset sales,asset displacements,cash payments,equity transfer,and others.We examine the market reactions to each of these transactions.We hypothesize that the market will react favorably when investors perceive that the controlling shareholders have incentives to prop,i.e.,when their financial condition is poor and it is a connected transaction.In contrast,we expect that the market will react unfavorably when investors perceive that the controlling shareholders have ince

答案

我也不太清楚,大致好像是这样,基于上述分类的财务状况我们研究的支持或掏空行为的公司使用从宣布在中国上市公司关联交易的信息.我们将公司1998-2004年期间为三大类：良好的财务状况,财务状况及其他不良.我们还将交易...