效率市場假設 的英文怎麼說

中文拼音 [xiàolǜshìchǎngjiǎshè]
效率市場假設 英文
efficient market hypothesis
  • 效 : Ⅰ名詞（效果; 功用） effect; efficiency; result Ⅱ動詞1 （仿效） imitate; follow the example of 2 ...
  • 率 : 率名詞（比值） rate; ratio; proportion
  • 市 : 同 「黻」[fú]
  • 場 : 場Ⅰ名詞1 （平坦的空地 多用來翻曬糧食 碾軋穀物） a level open space; threshing ground 2 [方言] （...
  • 假 : 假名詞1. （按照規定不工作或不學習的時間; 假期） holiday; vacation 2. （經過批準暫時不工作或不學習的時間; 休假） leave of absence; furlough
  • 設 : Ⅰ動詞1 （設立; 布置） set up; establish; found 2 （籌劃） work out : 設計陷害 plot a frame up; fr...
  • 效率 : productiveness; efficiency; productivity; workpiece ratio
  1. After the introduction of basic model for the survey, this paper tries to relaxthe hypothesis of the basic model from such angels as considering the sale services, setting the type of assumed conjecture for rival ' s price change, transforming the form of competition, taking the information asymmetry and transaction cost into account, market uncertainty and change of demand elasticity etc., then draws out two mainstream conclusions as efficiency improvement and anti - competition effect

    本文首先給出理論綜述的基本模型，從引入銷售服務變量，設定零售商的價格猜想類型，改變零售商的競爭方式，考慮信息不對稱和交易成本，以及市場的不確定性和需求彈性的變化等多個角度逐次放寬假設條件，歸納出效率改進或反競爭效應兩大基本結論。
  2. After analyzing the dual - nature of finance resources, the author analysis the issue of financial resources allocation and the allocation efficiency. the paper also highlights the importance of the optimization of financial resource allocation and the improvement of allocation efficiency. pareto optimality is a central concept of new welfare economics, which can be used to judge whether resource allocation is on optimal state in a society

    本文提出了對金融資源和金融資源配置效率的理解，簡要介紹衡量金融資源配置效率的帕累托最優標準，同時將假設前提放寬到我國的市場經濟條件，研究分析影響金融資源配置的現實因素及約束條件，並將約束條件系統化，提出衡量金融資源配置狀態的指標體系。
  3. The firm is a form of cooperation among many resources owners on the wage labor institution. through proper planning and coordination, cooperation within the firm, such as relationship - specific investment and the synergetic use of a lot of resources, can benefit the parties concerned, but these parties are unable to depend on the compelling force of the court to realize cooperative gains. therefore, the performance of the firm as well as the gains of the parties concerned depends on the strategic interactions among these parties

    本文首先通過對企業內的生產與通過市場協調的分散的個人生產進行比較效率分析，揭示了企業內的權力關系現象的根源? ?現實世界的企業的資源提供者之間並不能像瓦爾拉斯的一般均衡理論所假設的那樣在事前締結可由法庭強制執行的完全合約;然後，通過對企業的資源提供者之間的策略互動的均衡分析，揭示了企業內的權力關系現象的本質、作用和形成機制。
  4. In the past portfolio modeling work, the single index model has been used continually, which is based on the suppose that securities yield is simple correlation with market portfolio ( or coefficient ft used to describe securities market risk ), but if above suppose is true and if the investment portfolio is effective

    在實際建立證券投資組合時，使用較多的是計算簡單易行的單指數模型。單指數模型是建立在證券收益率只與市場組合（或者衡量證券系統風險的系數）簡單相關的假設條件之上的，但是這樣的假設是否成立，從而據此建立的投資組合是否有效呢
  5. The stock market in our country is influenced greatly by policy ; individual investors are in a great proportion in this market ; the exchange rate and p / e of stocks are comparatively much higher ; information asymmetry is also very serious. for the reasons mentioned above, the modern finance theory which is based on emh is not a appropriate tool to analyze this market

    對於我國這樣一個素有「政策市」之稱，投資者中個人投資者占絕大多數比重，有著較高換手率和市盈率，且信息嚴重不對稱的新興股票市場，用基於投資者完全理性和有效市場假設的主流金融理論去研究並不是很合適。
  6. The chapter 2 presents the object of vertical chain how to choose the theory of vertical organization reasonably on the base of judging agent efficiency, technology efficiency, proprietary right and imperfect marketing in the new system economics. at the same time, the theories on the structure of marketing and g. j. stigler ' s theory of survivor technique is also introduced detailed in theory of industry organization

    第二章，介紹新制度經濟學中有關產業縱向鏈的上下游主體在權衡代理效率、技術效率、資產所有權及市場不完善等因素的基礎上如何理性選擇縱向關系的各種理論假設；同時對產業組織理論中的有關市場結構與企業行為及施蒂格勒的「生存技術」等理論也作了較詳細的介紹。
  7. Then, this paper empirically tested the validation and predictive accuracy of different var risk management model in the domestic financial market. finally, with the analysis of modem financial risk management development trend and the current domestic financial risk management situation, this paper made a prospect for the application of this model in the construction of domestic financial risk management system. through the analysis, the main conclusions are as follows : ( l ) the traditional mean - variance model is the special example of the portfolio selection based on the var risk management model for the case that the returns of the portfolio are assumed to be normally distributed ; compared with the mean - variance model, the var risk management model is more comprehensive and accurate in the measurement of the portfolio risk, so based on the var model, the investors can allocate the asset more effectively. ( 2 ) the var risk management model can provide the timely and comprehensive risk information for the top risk manager, so it is very helpful to the improvement of total risk management efficiency. ( 3 ) based on the var model, the raroc performance valuation approach can reflect the real performance of the portfolio manager and provide the coherent standard for the allocation of risk limitation and the construction of the incentive compatibility constraint mechanism in the financial instiutions

    通過研究分析，本文主要得出如下結論： （ 1 ）傳統的markowitz均值? ?方差模型僅僅是在資產組合收益率正態分佈假設條件下基於var風險管理模型進行資產組合選擇的特例，與均值? ?方差模型中的方差風險度量方法相比， var風險管理模型能夠更全面、更貼切地衡量資產組合的風險，且基於此模型能夠更有效地進行資產配置決策； （ 2 ） var風險管理模型能夠滿足更高層次風險管理者對風險信息的需求，有助於整體風險管理效率的提高； （ 3 ）基於var風險管理模型的raroc績效評價能夠反映資產組合管理人的真實業績，從而為金融機構風險限額的分配和激勵約束機制的制定提供統一的標準； （ 4 ）國內證券市場資產組合收益率服從正態分佈的假設明顯不成立，實證檢驗表明基於資產組合收益率正態分佈假設條件下的方差? ?協方差模型對國內資產組合風險的預測存在較大的偏差，由於文中證明在收益率正態分佈假設條件下基於方差? ?協方差模型進行資產組合選擇的結果等價于markowitz的均值? ?方差模型，因此，均值? ?方差模型對國內資產組合風險的預測同樣會存在著較大的偏差，而半參數var風險管理模型則能夠取得較好的預測衡量效果； （ 5 ） var風險管理模型符合未來金融風險管理的發展趨勢，基於var風險管理模型建立內容提要風險限額內控體系、風險信息披露體系和業績評價體系，並進行金融監管，將有助於國內金融機構內部風險管理方法和外部監管技術跟上國際金融風險管理的發展潮流。
  8. On along using two assumptions in portfolio theory : market efficient and investors are risk - aversion, this thesis constructs a multi - cycle portfolio model and works out the investor ' s investment strategy, with the analysis of investor ' s risk preference and the function of investor ' s risk - aversion and making use of dynamic programming optimization method

    在沿用了標準資產組合理論市場有效率和投資者風險厭惡型條件與假設的基礎上，構造了一個多周期的資產組合模型，通過對投資者的風險偏好的分析，結合投資者的風險厭惡函數，利用動態規劃的優化方法得出了投資者的最優選擇策略。
  9. The paper incorporate closely the exchange rate pass - through and it ’ s behavior in short term. incomplete exchange rate pass - through is an important assumption of exchange rate overshooting and exchange rate overshooting is the background of our disscuss on the degree of exchange rate pass - through. the paper has following conclusion : 1. the main determination of the degree of exchange rate pass - through : the exchange rate elasticity of marginal cost, the sensitivity of mark - up ratio to exporting price, pricing game between the competitior, enterprice innovation and it ’ s efficiecy, mecu cost, sunk cost. 2. there are distinct differences of degree of exchange rate pass - through among industries

    本文將匯率的傳遞彈性與匯率的波動行為緊密結合，匯率的不完全傳遞是匯率短期超調行為的重要前提假設，而匯率的波動行為又是本文探討匯率傳遞彈性的研究背景，主要的結論有: 1 、匯率傳遞彈性的主要決定因素有:廠商邊際成本的匯率彈性和成本加成率對出口價格的敏感度、同一市場不同競爭者價格的博弈行為、企業創新投入及其創新效率、菜單成本（價格調整成本） 、沉澱成本（退出市場的機會成本） 。
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