Micro-structure of Majority Shareholder Control & Incentive and Entrenchment Effect

大股东控制的微观结构、激励效应与堑壕效应-国外公司治理前沿研究的新趋势

I was resolved to attack him once more from entrenchment , and turned the conversation upon the government of China

我决定再次从战壕发起冲锋,把谈论的焦点围到中国政府上来。

||1:It is a rite of passage for every new French president to head to French-speaking Africa and reaffirm faith in la Francophonie.||2:So it was with Francois Hollande, who has just visited Senegal and the Democratic Republic of Congo.||3:Like his predecessor, Nicolas Sarkozy, he said “francafrique”—the cosy post-colonial ties of party financing, arms, contracts and influence—was over and that human rights were paramount.||4:He praised the shared use of French, “language of liberty”.||5:But behind the warm words lie grimmer concerns, the biggest being the entrenchment of terror networks in the al-Qaeda-held Sahel.

||1:每个新上任的法国总统都要经历这样一个仪式：走访非洲讲法语的国家，并重申其对法语区的忠诚。||2:法国总统弗朗索瓦·奥朗德刚刚访问了塞内加尔和刚果民主共和国。||3:和前任总统尼科拉·萨科奇一样，他强调“法兰西非洲”——这个包含政府融资、武器输送、契约协定、施加影响在内的”亲密“的后殖民关系——将不复存在，人权才是至高无上的。||4:他对共同使用法语的做法大加赞赏，称之为“语言自由”。||5:但是在这一番温暖人心的话语背后却隐藏着深切的担忧，尤其是针对萨赫勒地区的基地组织网络的防卫工事。

However, in 2017, it is not clear exactly how decisive a role inheritance plays in the entrenchment of the hereditary elite.

不过，在2017年，遗产税在世袭精英堡垒中扮演的是一个具有多大决定性的角色是不清楚的。

But, it added, "the degree of entrenchment into conflicting positions has exceeded expectations. "

不过又补充说，“随着冲突升级，战壕深度现已远超预期。”

But the price has been to ditch past UK policy, which stressed opposition to anything leading to the entrenchment of a "two-tier Europe" .

但此举付出的代价却是抛弃英国以往的政策，该政策的重点在于反对一切促成“双层欧洲”鸿沟的行为。

Second, there is no entrenchment mechanism in smartphones as strong as the one that existed in personal computers.

其次，智能手机上缺乏个人电脑中那种强大的防护机制。

Their punishment? Oddly, the further entrenchment of their dominance, thanks to the Federal Reserve.

然而奇怪的是，对他们的惩罚却是其优势地位的进一步扩大，而这一切都要感谢美国联邦储备局。

His shortcomings stemmed less from financial entrenchment than sentimental attachment to Yahoo.

他的缺点在更大程度上源自对雅虎的情感依恋，而非财务上的故步自封。

and the further entrenchment of the dynastic principle at the very heart of modern politics.

一个是为位于现代政治中心的王朝原则构筑更深的防御工事。

entrenchment works

堑壕工事