期價交易成本 的英文怎麼說

中文拼音 [qījiàjiāoyìchéngběn]
期價交易成本 英文
capped call transaction
  • 期 : 期名詞[書面語]1. （一周年） a full year; anniversary 2. （一整月） a full month
  • 價 : 名詞1. （價格） price 2. （價值） value 3. [化學] （化合價） valence
  • 交 : Ⅰ動詞1 （把事物轉移給有關方面） hand over; give up; deliver 2 （到某一時辰或季節） reach （a cert...
  • 易 : Ⅰ形容詞1. （容易） easy 2. （平和） amiable Ⅱ動詞1. （改變; 變換） change 2. （交換） exchange Ⅲ名詞（姓氏） a surname
  • 成 : Ⅰ動詞1 （完成; 成功） accomplish; succeed 2 （成為; 變為） become; turn into 3 （成全） help comp...
  • 本 : i 名詞1 （草木的莖或根）stem or root of plants 2 （事物的根源）foundation; origin; basis 3 （本錢...
  1. Stock index futures pricing by no - arbitrage theory and an actual no - arbitrage mathematical model of stock index futures was given in this dissertation, arbitrager should find out whether there are some opportunities according to their arbitrage cost. to get a maximal income they should use transformative arbitrage strategy flexibly which was given in the dissertation

    本文基於無套利理論對股票指數期貨進行定價，給出了股票指數期貨實際的無套利數學模型，根據該模型可得出:套利者應該根據自身的套利成本判斷是否有套利機會，在進行套利交易時應該靈活地運用本文給出的套利交易的變形策略，使套利交易收益更高。
  2. The content of each part follow as : in the first chapter, as start point and base of the paper, this part focuses on the basic study of definition characteristic of no, and the existing base of no - e - commerce environment ; in the second one, this part studies the theory base of no comprehensively applying the theories of core competence competent strategy and transaction cost ; chapter three studies the no from the coordination of no, and gives the structure clarification and characteristic of no firstly, at the same time, put forward the concept of virtual enterprise cluster ; based on such conclusion, studies the model of no from life cyc organization level process and value chain, and operational mode ; in chapter four, a theoretical explanation was addressed on the above structure by modeling no with game theory and graphic theory ; in the fifth chapter, on the bases of analysis of no operational risks, coordination mechanism of no was studied by individually modeling the no without core and no with core, and then put forward the solution for coordination mechanism of no ; as an important component of coordination mechanism of no, chapter six explored some basic concept of trust and importantly put forward the way of how to build trust in no, especially investigated the supporting function of valid reputation mechanism of no for the trust building, importantly an operational method on building reputation mechanism and evaluation method in no were given ; the last chapter applied the conclusion of the paper to investigate the famous trade web - sunbu. com analyzed its shortcoming and gave the advices of developing

    全文共分為七章，主要內容如下：第一章作為全文的理論出發點和基礎，圍繞網路組織的定義、特徵以及網路組織生存基礎- -電子商務環境等方面對網路組織的基本概念進行了闡述；第二章綜合運用核心能力、競爭戰略和交易費用理論對網路組織產生的理論基礎進行闡述；第三章首先從組織協調的角度對網路組織進行了研究，給出了網路組織的結構，分類和特徵，同時並給出了虛擬企業群簇；然後在此基礎上分別研究了網路組織的生命周期模型、層次模型、過程模型、價值鏈模型，以及運行模式；第四章綜合運用博弈論、圖論的相關知識，通過構建網路組織的模型，對上一章所研究的網路組織結構的形成機理給出了一種理論解釋；第五章在分析網路組織運行風險的基礎上，分別建立無盟主網路組織的博弈論模型和有盟主網路組織的博弈論模型，詳細研究了網路組織的協調機制，然後給出了網路組織協調機制的解決方案；第六章作為網路組織協調機制的重要組成部分，本章在討論了網路組織中建立信任機制的必要性的基礎上，研究了網路組織信任關系的類型，提出了在網路組織中如何建立信任機制。
  3. If long - term investor enters the arena when light trading sparse, build a warehouse, be in probably short - term inside cannot achieve price difference earnings, but in light of the angle from long - term development, because investment cost is low, compare with the dividend income look that gets in the future, investment pay rate is ok still satisfactory

    假如長期投資者在交易清淡寥落時進場建倉，或許在短期內不能獲得差價收益，但從長期發展的角度來看，由於投資成本低廉，與將來得到的股利收益相比，投資報酬率還是可以令人滿足的。
  4. 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。
  5. The model of this paper explores the links between the following factors and the credit rationing in china. the change of banks " attitude to credit risk may lead to credit rationing ; banks give much more emphasis on the trade cost and the payable value of collateral, which may give rise to credit rationing ; the decreasing of asset price during economic stagnation produces credit rationing ; the bias of banks " objective function from the maximization of profit and the transformation of the function relating to the reform of the financial system cause credit rationing ; if different parts of the whole markets are not integrated, the credit in the part with low capital return ratio will be rationed. during economic recession, banks tend to ration the credit in the high - risk market ; the removing of interest ceiling will narrow down the interest spread of deposit and credit at least during a period, which may strengthen credit rationing ; meanwhile, the vulnerable borrowers, including small and middle - sized enterprises, will get more credit from banks even though they have to pay a higher interest rate

    論文的模型探討了下列因素和中國信貸配給現象之間的聯系：商業銀行對信貸風險的態度變化，在辨別和控制信貸風險上開始投入大量的成本，這一過程會導致信貸配給；商業銀行對與法治環境相關的交易成本和抵押品清償價值的日漸關注會導致信貸配給；宏觀經濟緊縮時期資產價格下降會導致信貸配給；商業銀行經營目標函數偏離利潤最大化，近幾年金融業改革過程使商業銀行目標函數發生變化，這一變化過程可能導致信貸配給；在市場分化的條件下，收益水平低的市場會遭受信貸配給；在經濟下滑時期，商業銀行尤其會對高風險市場配給信貸；利率市場化使商業銀行的存貸利差至少在一段時間內縮窄，利差縮窄可能加重信貸配給的程度：在利率市場化條件下，弱勢借款者，包括中小企業，遭受信貸配給的程度可能得到緩解，但支付的貸款利率水平將會升高。
  6. A study on option pricing with transaction costs

    有交易成本的期權定價研究
  7. Pricing formulae for european options with transaction costs

    有交易成本的歐式期權定價公式
  8. For example, why should a textile manufacturer, who needs to lock - in a particular price for his cotton and therefore his production costs by buying it for future delivery, not go to the established cotton futures market in the us

    以紡織品製造商為例，為鎖定生產成本需要以期貨合約形式按特定價格買入未來交貨的原料棉花。製造商沒有理由不在成熟的美國期棉市場進行交易，更何況香港本身根本沒有這類市場。
  9. 3. in no - effective market, investors will face trading costs which can n ' t be neglected. based on defining the trading costs, this paper set up a no - linear option pricing model with discrete trading time, and discuss european option long position and option short position with trading cost ( 3. 33 )

    本文在界定交易成本的基礎上，建立了離散交易時間條件下的非線性期權定價模型（見方程3 . 33 ） ，並分別討論了有交易成本的歐式期權多頭和空頭的定價方法。
  10. The organic agriculture is also able to meet human being ' s diversified demands for the agricultural function after their physiological demands are satisfied basically. the remarkable information asymmetry exists in the organic agricultural product trade and has higher requests to the system. the production of organic agricultural product is superior to ordinary agricultural product in nutrition, safety and health because it is forbidden to use various kinds of agricultural chemicals and chemical fertilizers, etc. if organic authenticity of product can be guaranteed, consumers like to buy it with higher price because of its fine quality, friendly environment and social fair, etc. because of the limited organic agricultural production " input, high produce cost and low production, producers are needed to be compensated with higher price ; difficult to distinguish organic agricultural produce with common agricultural ones from appearance and even prove organic authenticity of product through measuring

    在有機農產品交易中存在著顯著的信息不對稱，對制度有著更高的要求，表現在：有機農產品的生產因為禁止使用農藥、化肥等各種化學投入品，在營養、安全、健康等方面優于普通農產品；因為其優良的品質和環境友好、社會公平等附加效用，消費者願意以比普通農產品更高的價格購買，但前提是必須保證產品的有機真實性；由於有機農業生產投入受到很大限制，生產成本增加，而產量又可能降低（尤其是在轉換期） ，生產者需要以較高的產品價格作為補償；在外觀上難以區分有機農產品與普通農產品的差異在外觀上，即使通過檢測也難以驗證有機產品的真實性。
  11. By concealing the real prices and costs of transactions it may conceal and help perpetuate economic inefficiencies in the market place

    由於掩蓋了交易的真正價格和成本，對銷貿易可以掩蓋並促使一國長期在市場上保持低下的效益。
  12. Nowdays, under the pressure of agricultural manufacture mostly depend on market, and the peasants requirements becomes excessive, to enhance the efficiency of the small farmer " economy in large market, decrease the risk and indeterminacy in market bargaining, there must have a organization to be the agency inter peasants and market, the organization must delegate benefit of the peasants straightly and in deed, so construct farmer cooperative organization is. very important we can know the facts through evaluate the performance of the peasants cooperative organization history : the knowledge about cooperative and follow which guidance have some relation in the development of peasants cooperative organization ; we should choose the gradually pattern for system flux, must consider the economic behavior expect in the main body of organization - the farms

    通過對農民合作組織的歷史績效評價可以看到：對合作的認識和遵循的指導思想與農民合作組織的發展關系很大；在制度變遷道路選擇上應考慮借鑒漸進式改革之路；必須考慮參加者主體?農戶的經濟行為預期及產權結構、組織壟斷、規模等因素的影響。農民合作組織發展的必然性源於農業生產的生物性、地域分散性和生產的隨意性，同時也決定農民合作經濟組織必須具有靈活性、多樣化、可過渡性和以社區為基礎的特殊要求。從制度經濟學分析，農民合作經濟組織在降低農民外部交易成本、實現公平和效率平衡、降低風險和不確定性等方面具有經濟上的合理性，所以有進一步規范和發展的必要。
  13. The new institutionalism makes use of the standard of efficiency which depends on transaction cost to judge the performance of all kinds of institutions, yet it does n ' t lucubrate the relation between institution cost and transaction cost, which results in the blurry connotation of the definition of transaction cost and the bottleneck of the measurement of the transaction cost and reduces the practical value of transaction cost greatly

    新制度經濟學盡管將建立在交易成本基礎上的效率標準作為判斷各種制度績效的根本，卻並沒有對制度成本與交易成本的關系進行深入地探討。這種狀況導致了人們在交易成本界定上的內涵模糊和度量上的瓶頸制約，也使得它的實踐價值大大降低。無論什麼樣的制度，在它客觀存在的時期或演進的過程中都需要花費一定的資源。
  14. " dependent order " is cancelled because respective " parent order " becomes invalid, e. g. you have cancelled the parent order ; " parent order " is expired after the good till date ; when the stock price of your parent order is adjusted significantly due to corporate actions, your " parent order " will then be cancelled by our system ; if you have set the " parent order " as a sell stop - limit order, it will be cancelled by our system if the related stock is suspended from trading

    因基本指令失效而導致連隨指令被系統一併取消，如（ 1 ）您主動取消基本指令；或（ 2 ）基本指令在到期后變成失效；或（ 3 ）如基本指令中設定的股票，其價格因公司行動而出現大幅調整，基本指令會被系統取消；或（ 4 ）如基本指令被設定為限價止蝕沽盤，當有關股票暫停交易時，基本指令會立即被系統取消。
  15. Option pricing about underlying asset pricing process by mixed process with transaction costs

    有交易成本的標的資產服從混合過程的期權定價
  16. There is still a cost to initiating any trade, but that cost is reflected in the bid ask spread that is also present in futures or equities trading

    不過仍有一個啟動交易的成本，但這個成本反應在交易者的買進或賣出價格的差額中，但這同樣在期貨或證券交易中存在。
  17. Furthermore, i also research on the problem of american option pricing when there being no transact cost using the property of martingale process. and i give correspondent buying price, selling price and some conclusions

    另外，本文還利用鞅過程的性質討論了當不存在交易成本時美式期權的定價問題，並給出了相應的買價和賣價公式以及相關的一些結論。
  18. In this essay, firstly the author analyzes the predictability of time series from china ' s stock exchange using three kinds of methods : arma model, neural network model and non - parametric estimation and gives evaluation on their performances while at the same time puts forward some conclusions deserving attention from both stock exchange supervising department and stock traders. secondly, the author examines the assumptions closely on which the above - said methods base and gives a detailed discussion on them, especially using garch model to test quantitatively the stability of china ' s stock exchange, afterwards drawing the conclusion that it is hard to make accurate prediction of price or return rate of china ' s stocks for none of the assumptions fully holds ground. thirdly, taking account of the difference between chinese stock traders as a whole and that of developed countries, the author gives a thorough analysis on the complexity and volatility of its ( traders " ) reaction to information and points out that the intrinsic heterogeneous and volatile reaction to information is an important reason for the almost unpredictability of the price or return rate in china ' s stock exchange

    本文首先採用arma模型、非參數模型以及神經網路模型對我國股市時間序列進行研究，對三種方法在分析我國股市時間序列的表現進行評價，並得出了一些對監管部門以及股票交易者有借鑒意義的結論；其次作者對三種模型分析我國股市時間序列的前提進行了討論，特別是利用garch模型對我國股市的系統穩定性進行了量化檢驗，得出了前提難以滿足導致準確預測我國股市價格或收益率困難的結論；第三，考慮到中國股市股票交易者群體與發達國家股市股票交易者群體之間的差異，作者借用行為金融學的理論成果對我國股票交易者對信息反應的復雜性和易變性進行了詳細分析，指出股票交易者對信息反應的異質性和易變性是造成難以準確預測我國股市的一個重要原因，考慮到我國股市以散戶為主導的特性將長期存在，因此將行為金融學的研究結論納入對我國股市時間序列的量化研究具有重要的意義；最後，作者從唯理預測與唯象預測之間差異的角度出發，指出了唯象預測的缺點並對我國股市時間序列的研究方向進行了展望。
  19. Technological progress in fruit production has stepped up. transaction and currency cost, especially in rural fruit markets, have been increased. on the base of those supply - factor analyses, the article propounds the fruit supply model in short and long terms respectively

    本文還從水果成本收益率、技術進步以及交易效率三個方面分析了影響水果供給的因素，分別得出了勞動力價格上漲是導致水果成本上升的決定性因素、水果生產技術進步加快以及全國特別是農村水果交易和流通成本不斷上升的結論，進而依據這些結論構造了中國水果短期和長期供給模型。
  20. Although there is no real option pricing trading market all across the nation, the application of the theories will enjoy the bright future because many financial tools and businesses embody the idea of the option. the main applications include : the pricing of the company ' s financing tools, including stock, bond, convertible bond and so on ; the calculation of the proportion of liability to stock in case of changing the liability a company owes to a creditor into the stock share ; the evaluation of the value of a loan and analysis of the credit risk of loans in our country from the point of option ; and the evaluation of the effectiveness of executive stock. option and the improvement of the executive stock option

    盡管目前中國還沒有期權交易市場，但由於許多金融工具和金融業務中都包含了期權的思想，期權定價理論在我國仍有廣闊的應用前景，本文對此進行了探索。主要的應用內容有以下四方面：公司融資工具，既包括傳統融資工具股票、債券的定價，也包括新型融資工具可轉換債券和認股權證的定價；債轉股業務中比例的確定，用布萊克-斯科爾斯模型和二項分佈模型兩種方法計算；貸款業務定價，並從期權角度分析我國貸款的信用風險狀況、成因；經理人期權激勵，包括其原理、對其有效性的實證分析，並引進指數期權作為改進方法。
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