NO.PZ2018062002000104
问题如下:
Listed below some differences between private and public equity firms, which is most accurate?
选项:
A.Private equity firms focused more on short-term performance than public firms did.
B.Private equity firms' regulatory cost and investor relations cost are lower than those of public firms.
C.Private equity firms are incentivised and more willing to work with investors on governance and compensation than public companies.
解释:
B is correct.
Private equity firms' regulatory and investor relations cost less than public companies. There is no stock trading, regulation or shareholder involvement in private equity, which can be high for public companies.
考点:Private Equity and Non-domestic Equity Securities
这道题问非上市公司和上市公司的区别:
A说反了:私募往往都是在较早期进入企业,陪伴它逐渐成熟壮大然后退出(上市后退出),短则2-3年,长则5-10年都是有可能的,因此它关注的是企业的长期价值。而大伙买卖二级市场股票(上市公司)关注的是企业短期的价值实现。
B说的是为满足监管要求和维护公众关系所需支付的费用,非上市公司不需要满足各种监管要求,也不需要对外进行披露,因此该费用比较低。
C也说反了:上市公司更愿意积极向广大投资者披露关于监管和薪酬信息。而非上市公司因为受到监管少,没有义务对外进行信息披露,所以所需支付监管和投资者维护费用比较低。
我可能是没看明白C答案的英文表达,没看出来批露的意思,我的理解是非上市公司比起上市公司来说,更有意愿和动力与投资者在公司治理及薪酬方面进行合作。请老师讲解一下呢