收益型合同 的英文怎麼說
中文拼音 [shōuyìxínggětóng]
收益型合同
英文
gics-
Facing with the adjustment blemish of the market and the government, knowledge problem and market growth degree etc, the article analyzes and arguments tmsm, the investment theory of the gapsm and two - mechanism forming reason and specialty of our country, and tries to explain and answer the question of breadth fluctuation, high risk, price decision, proceeds and investment strategy etc in the gapsm. since 80 ages, a series of the important development has all taken place in the world and the economy of our country, and it produced the deep influence on the growth of the security market, and particularly the information revolution, all markets forming one body and the quick development of the derivable security product brought the unprecedented macroscopic opportunity and power to the security market ; but at the same time our security market with the structure absurdity of participators, higher risk, irregular law, closed market, the validity of supervise and no science of market regulation does not accommodate to the macroscopic environment and so our country security market needs a new set of security theory with environment. according to the macroscopic and microcosmic environment, this article defines that our country security market is both a gapsm and the initial stage of the gapsm
上世紀80年代以來，世界和我國經濟都發生了一系列重大的變化，對證券市場的發展產生了深刻的影響，尤其是信息革命、市場一體化和證券衍生產品的迅速發展，給證券市場的發展帶來了前所未有的宏觀機遇和動力，而同時我國證券市場參與者結構的不合理、較高的風險、不規范的法律、市場的不開放、監管的不完全以及不科學的市場調控等微觀市場環境條件與此宏觀環境並不適應，從而我國證券市場需要一套適應環境變化的股票理論；本文就是以這一宏觀環境和微觀條件為依據，把我國證券市場定義為既是政府主導型證券市場又是市場初期；並對我國證券市場二元制產生的原因、特點及特殊性進行了分析，並通過我國政府調節的實例進行了論證，並對投資理論和投資策略進行了研究，這對控制我國證券市場的高風險以及獲取收益都具有重大意義。So we consider five financial indexes includes stock b / p, e / p, current stock size, current stock stru and financial levge by the international tradition, then descriptive statistical test method and cross section statistical test method proved that b / p and current stock size have marked effect on the securities yield besides coefficient b. in the third chapter, the article fut forward a risk factor model, estimates yield sequences of every risk factor by weight regression, and then estimates each risk factor coefficient of different stock by time sequence regression, at last we can reckon the portfolio risk o2p and yield rp which consists n stocks
結合國際慣例，文章考慮了股票的凈值市價比（ b p ） ，市盈率倒數（ e p ） ，流通規模（ size ） ，流通比例（ stru ）和財務杠桿（ levge ）等五個財務指標，應用描述性統計檢驗和橫截面統計檢驗等多種方法，結果表明，除系數以外，凈值市價比（ b p ）和流通規模（ size ）對證券收益率部有重要的影響。在論文的第三章，提出了一個基於多因素的風險因子模型，並用加權回歸和時間序列回歸等方法估計出了不同證券的各風險因子系數（類似於單指數模型中的系數） ，據此，即可衡量出一個包括n只股票的組合的風險_ p ~ 2和收益率r _ p 。In the sixties of the 20th century, while it analyzed the relationship between the security risk and the return, the capital asset pricing model ( capm ), on the basis of security investment portfolio theory, put forward the pricing method of the security. the theory has succeeded in enduring the econometrical tests for more than ten years
20世紀60年代，資本資產定價模型（ capm ）以markowitz的證券投資組合理論為基礎，在分析證券風險、收益關系的同時，提出了證券的定價方法，這一理論成功地經受了十多年的經濟計量檢驗。Under this chance and possibility connected, added different policy of farmland conversion distribution division of income, with game theoretical model to analyze the relation between superintendent and impose, acreage and impose, it draws a view that these redistribution relation accelerates farmland conversion. part 3 is about chapter 5 and chapter 6. chapter 5, aims and principles of mechanism of land income distribution are explained by new means and points of view in market economy
在可能和機會相結合的條件下，加上農地非農化過程中收益再分配的不同選擇，用博棄論模型來分析監督人與徵收人之間和用地人與徵收人之間的關系，減少農地非農化收益非規范的再分配，這些利益再分配關系導致農地非農化的加速How to design the operating strategies focused on loan are very important to all commercial banks, especially to chinese commercial banks. this paper discuss the problem mentioned above and based on the theories of management strategies, operating theories of commercial banks and banking regulations, according to the relationship between return and risk, following the number of customer and risk level, give 4 operating strategies ? non price strategy, costumer cultivating strategy, network harvesting strategy and network cultivating strategy
本論文結合有關戰略管理理論、商業銀行的經營理論和國際銀行業有關管理規則，以提高收益和規避風險為出發點，按照單個客戶和客戶群的不同及客戶風險度的高低，分析總結國際大型銀行的戰略管理經驗，提出了相應的非價格戰略、企業培育戰略、網路收獲戰略、網路培育戰略。So this paper tries to solve these problems through the following work : first, we select some index to valuate the close - end funds, including income, stability, risk in falling, stocks selecting ability and tuning ability, based on overseas funds valuation methods and domestic market condition ; second, we analyze the stability of all index and form two styles index, which are f and other bad stability index ; then, we form the valuation system, including two - layers index, which are p and factor score ; last, we use this system to analyze the close - end funds which came into existence before 2000 and get the final comparative result. the main intention of this paper is to create the system of valuating close - end funds in our country, which is comprehensive and objective. in my valuation system involving the period from 2000 to 2003, the funds as a whole performs inferior to the stock index
首先，對國外理論界經典成型的、以及前沿的基金評價指標和評價方法進行了詳細的分析，並結合我國的基金市場狀況，選取了可以衡量基金收益、穩定性、下跌風險、股票選擇能力、時機選擇能力等量化指標；其次，根據我國基金分析的需要，採用了諸如基金交易價格、換手率等二級市場表現指標；然後，對這些指標進行了時間延續性分析，檢測這些指標在運用到我國基金市場時能否有效預測基金未來表現，從而形成了兩類指標：時間延續性很好的s _ p和時間延續性不好的其它所有指標；再次，在以上工作的基礎上形成了由兩個層面的指標構成的我國證券投資基金評價體系： s _ p和因子分析中綜合因子得分值；最後，選取了我國2000年1月1日前成立的23隻封閉式基金作為樣本，並同時採用上證a股與深成a股兩個基準組合進行了3年樣本期的實證分析，得出了最終的比較性評價結果。On the assumption that investment fund follows geometric brownian motion, the pricing model of a short - period insurance contract that is affected by its investment profit is established
摘要在投資基金價格遵循幾何布朗運動的假定下，對短期保險合同，建立了在投資收益影響下的保費定價模型。The dissertation summarizes the situation of some research on making profit of commercial bank treasury maximized and analyzes the reason that the profit of commercial bank treasury is so low. with following the three basic principles, namely profitability principle, safety principle and liquidity principle, the dissertation focus on analyzing the basic models of commercial bank management which are income model, safety model and liquidity risk model. meanwhile, one of the two decision models of commercial bank is taken in good consideration and it designs a model according to the two decision models. in the end, a profit maximization model of commercial bank treasury is proposed and the research achieves the aim of maximizing commercial bank profit when assuring the necessary liquidity and safety of commercial bank benefit
論文對國內外關于商業銀行資金收益最大化問題的研究狀況進行了綜述，就商業銀行收益不高的原因進行了剖析，且在遵循商業銀行經營的三大基本原則，即效益性原則、安全性原則和流動性原則的前提下，深入淺出的分析了商業銀行經營的基本模型，即收入模型、安全模型和流動風險模型，再結合我國商業銀行的兩種決策模式，著重對其中一種模式進行分析和設計，最後建成一種商業銀行資金收益最大化模型，從而實現了保證銀行資金必要的流動性和安全性的的同時使得銀行資金收益最大化的目標。The paper brings to light the value of the different sub - objectives contributing in the function of financial synthetic objective in a financial synthetic profit model through analyzing the volumes and slopes of the two - dimensional vector. the theoretical basis of the synthetic profits of enterprises participating inte rnational securities market financing has been brought out
同時構建了融資綜合收益理論模型，並對該模型進行二維向量分析，通過對二維向量的模和斜率的分析，揭示了企業融資綜合收益模型的融資目標函數中各子目標函數權重對其貢獻的大小。Taking the listed companies of henan province, this paper makes a scientific and reasonable comprehensive evaluation of their operating achievements as well as a primary analysis of the influential factors of the stock yield, then get the optimal portfolio under the different levels of expectancy yield rate via markowitz portfolio model
本文以河南省上市公司作為研究樣本，一方面用科學、合理的方法對上市公司的經營業績進行了綜合評價，另一方面對股票收益的影響因素進行了初步分析，然後又應用markowitz投資組合模型得出了不同期望收益率水平下的最優投資組合。In this paper, we first analyze the input and output as well as cost - benefit rate of chinese livestock industry by the example of hog, beef, mutton and dairy cow. then, we choose the samples from different regions in different time, use the stochastic production frontier suggested by battese and coelli ( 1992 ), which is aimed at the panel data ( balanced or unbalanced ), and make the econometric analysis for the growth of hog, beef, mutton, and dairy cow. different from the former research for livestock industry, the efficiency measurement theory is introdiced into the growth model and the tfp is dissolved into technical advancement, technological efficiency and residual, the translog production function is used to make the estimation more precised
本文首先以生豬，肉牛、肉羊和奶牛為例對近年來我國畜牧業的投入產出和成本收益狀況進行了分析，然後採用battese和coelli在1992年提出的針對混合數據（ paneldata ）的隨機邊界生產函數形式，在不同地區選取一定的樣本，利用樣本省的時間序列與截面混合數據，對生豬，肉牛，肉羊和奶牛的增長因素進行了分析，與以往對于畜牧業增長研究不同的是，將效率測算理論引入生產增長模型，把全要素生產率分解為技術進步、技術效率和殘差項，並採取了更加符合實際的超越對數函數形式，使傳統上使用的索洛余值法得到改進，更深層次的剖析了我國畜牧業目前的增長方式。Secondly in enterprise valuation cost method should proceed with book value of the financial statement, regard market value as adjusting orientation and reduce application range of cost method. when income method is adopted, four principles should be paid attention to : a : stage - by - stage income model should be used which is made by early stage income current value added by later stage income increase. b : net profit and net cash flow should be the majority of income volume
其次為：企業價值評估採用成本法應從財務報表的賬面價值入手、以市場價值為調整目標、減少成本法的應用范圍；採用收益法應以前期收益現值加後期收益額遞增的分階段收益模型，收益額以凈利潤、現金凈流量為主，收益預測以企業未來發展潛力分析為前提的銷售收入預測為主導，折現率堅持不低於無風險報酬率等四項原則，系數以回歸方程的測算為主；市場法中參照物企業選取應以同行業企業為基準、擴大數據來源，注重評估比率可靠性驗證、利用多種比率的配合等。In the aspects of choice that make the price method, because of canning compare the company analysis method with can compare the bargain analysis method must have the prosperous capital market, more case example, lack domestic current the bargain of the state - owned property to say, very much the enough case example props up. and buy the market multiple analysis method analyze first public of and buy the market bargain multiple, and usually is trading the scale to ascend to take into the restrict with the industry category, for example, can be provided as analytic bargain a bargain for being limited by this front in six months, target company in the electric power profession, the scale limit in 50, 000, 000 dollars including, this kind of method and ca n ' t provide the help of high times. but the dividends usuallies convert into cash to analyze the method to get the analysis of the bonus from the target company to the value that get the target company. the above method exsits current state - owned property make price very much the localization of the different degree, the past a text tries to use value analysis method as to lends support to the method, the cash discharge converts into cash to analyze method ( the method of dcf ) as the main method, the certain state - owned property procures the price. among them, use the cash discharge converts into cash to analyze the method makes sure the income is after procuring, value analysis the method gets of result the conduct and actions manages with state - owned property the section to make the basis of the price for the state - owned property, two kinds of methods is mutually combinative, make sure the state - owned property procure the price
以上方法對于目前國有資產的作價都存在不同程度的局限，故本文嘗試用賬面價值分析法為輔助方法，現金流量折現分析法（ dcf法）為主要方法，確定國有資產收購價格。其中，用現金流量折現分析法確定收購之後的收益，賬面價值分析法得到的結果作為與國有資產管理部門就國有資產作價的依據，兩種方法相互結合，來確定國有資產收購價格。同時論文對國有企業收購整合的模式作了積極的探索，地方電力公司投資新的水利發電項目往往同時有一部份是排灌、防洪等非經營性的，或稱為公益性的無收益項目，論文對新建項目的經營性資產與非經營性資產合理比例作了深入的探討，重慶大學碩士學位論文並建立了分析模型，對于新項目的投入資金結構進行了較為深入的分析，並建立了相應的項目融資模型。Secondly, this part provides the theory of risk unconservation and demonstrates it strictly. thirdly, this part throws light on the risk unconservation in venture capital investment with hypercyclic theory, and provides the paradox of risk unconservation when hypercyclic is not valid. at last, this part sets up a multi - layer fuzzy decision model and discusses the risk and revenue of different people with different risk preferences
探討了聯合投資收益與風險分攤的機理；提出了聯合投資的風險不守恆定理，並進行了嚴格的數學推導證明；運用超循環理論對聯合投資風險不守恆進行了闡述，並提出了超循環無效時的風險不守恆悖論；然後建立了投資組合的多層模糊決策模型，對不同的風險喜好者的風險和收益進行了探討。There are a lot of work been done to the yield curve up to date, but the research can not keep up with the development of bond market. under such circumstances, this dissertation wants to do some researches focusing on the yield curve. first, the study observes the figures of yield curves of china bond during different periods and qualitatively analyzes how they have developed to such figures
研究思路:本研究首先定性考察了不同時期我國國債收益率曲線的形狀和成因，接著通過綜合以前的研究並結合收益率曲線的散點圖對不同時期收益率曲線分別建模，利用模型定量研判市場利率走勢，並對遠期利率作出預測，最後根據實證研究結果對國債投資和管理提供了一些結論和建議。When the covariance matrix formed by securities yields is non - oppositive definite, we provide the model with transaction costs, which risk is variance matrix risk. when the covariance matrix formed by securities yields is not exist, the risk we use is absolute deviation risk and semi - absolute deviation, which is differ with traditional risk such as variance matrix risk or semi - variance matrix risk
在證券收益率協方差陣不一定存在時，給出了不同於以往以證券收益率間的方差或是半方差為風險度量指標而是以絕對離差為風險指標和以半絕對離差為風險指標的含有交易費用的證券組合投資模型。This paper examines the effects of the mechanism - call auction mechanism and continuity mechanism by which securities are traded on their stock returns. firstly, we explain the relational concepts. later, under the market inefficiency hypothesis, we draw into the amihud & mendelson model of price adjustment. because the different market tradings have different assets and these assets are traded in different environments, hence it would be hard to discern differences resulting from the trading mechanism itself from differences due to dissimilarities of securities and environments. we offers to resolve this difficulty by comparing the stock returns in the opening transactions with the price behavior of the some stocks traded at the same exchange during the same period in the closing transactions
而後，在市場無效的假設前提下，我們引入了amihud和mendelson構建的帶有噪聲的偏調整模型。由於不同的市場交易有不同的證券，而且這些證券又處在不同的環境中交易，因而很難看出排除證券本身以及環境因素后，交易制度對股票價格行為的影響。因此，我們利用同一交易所交易的同一股票在盤整時期的開盤（開盤交易採用集合競價制度）和收盤（收盤價採用連續競價制度確定）數據來比較不同的交易制度對股票收益的影響。The average profit rate of the general strategy began to drop in the forth year, which lead to the rise of the risk of holding the same share for long term in china
綜合型投資策略的平均收益率在第四年開始下降，說明在中國股票市場長期持有同一支股票風險偏大。Moreover presents a step - to - optimization contract mode that can effectively estimate the cost of customer ' s participation in order to take a customer - specific incentive payment and maximize the benefit of utility by using the customer behaviors. meanwhile also discusses a model about the dynamic flow model with the consideration with interruptible load. on the other hand, this paper discusses the influence from the demand side generation for the electric power system and presents an advanced design model for distribution networks, especially for demand side generations
本文首先總結了需求側管理的基本概念和主要內容，然後根據以前的研究成果，提出一種基於用戶行為的分步優化合約方案，能有效的估算用戶實施該措施的成本，從而達到電力公司收益最優，同時討論了考慮可中斷負荷的動態潮流模型；另一方面，本文還基於分佈發電技術，探討了用戶發電資源對電力系統的影響，並提出考慮該資源的配電網規劃模型改進方案。The fifth section discusses the probable investment ways in our country. analyzing the profit and risk of insurance investment in our country recent years. it establishes insurance portfolio model, calculates the proper proportion at different expecting profit
第五部分即第六章，研究了適合我國的可能的投資方式，有債券、股票、不動產、貸款等，並對我國近年保險投資收益和風險進行了分析研究，通過建立保險資金投資組合模型，進行實證分析，確定在不同預期收益下合適的投資比例。分享友人