英语翻译5.Economic incentive for advertisingIf managers of stock-based acquiring firms have an incentive to increase advertisingintensity in pre-merger announcement years then one would expect that advertisingintensity in that year is posit

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英语翻译
5.Economic incentive for advertising
If managers of stock-based acquiring firms have an incentive to increase advertising
intensity in pre-merger announcement years then one would expect that advertising
intensity in that year is positively related to the economic benefits generated
fromincreased advertising.

5.经济激励广告
如果基于股票的收购公司的管理者必须增加广告奖励
在并购前公布年度那么人们所期望的广告
在这一年强度呈正相关,从增加的广告产生的经济效益.

5。广告的经济激励
如果管理者股权收购fiRMS有动机加大广告
在合并前的公告年强度则希望广告
在那一年的强度对经济效益产生fiTS呈正相关
fromincreased广告。

如果基于股票收购 firms 的管理人员有动机,在合并前宣布年增加广告强度,然后人们会期望到效益经济的可积极相关广告强度在那一年的广告的经济诱因生成 fromincreased 广告。