理性投票人 的英文怎麼說
中文拼音 [lǐxìngtóupiàorén]
理性投票人
英文
rational voters-
So, the impact of stock dividend should inexistence in theory, although the impact was existence in fact. some scholars considered that stock dividend make stock price drop to a rational section, increase the liquidity of stock by attract more investors or increase stock number
有部分學者認為股票股利的發放會使得股價下降至一合理區間，吸引更多的投資人來購買以增加股票的流動性；或股票股利的發放將使流通在外的股數增加，交易量增大而流動性增加。When the time comes for mr bush to soldier on without his one foreign soul - mate and confidant, it may not be britain ' s troops, intelligence advice or security council votes he will miss most but the psychological pattern of mutual encouragement : each man ' s reinforcement of the other ' s belief in the rightness of his gut convictions
待到布希在沒有他唯一的性情相投的外國至友的情況下獨自迎難而上時，他最想念的不會是英國的軍隊、情報建議或英國在安理會所投之票，而是那種相互激勵的心理模式：每人給對方堅持信仰以強援。We can draw these conclusions through the analysis in the article : ( 1 ) the conflict between profitability and liquidity is the root of open - end funds liquidity risk ( 2 ) the security market in china is still developing with lots of speculators ( 3 ) the continious and stable development of security market is the precondition of open - end fund. most of open - end funds are in the type of stock, whose performance depends on stock market ( 4 ) so far, the merchanics in terms of block trade, processing trade, as well as derivatives of short sales and risk - hedging is still in progress, which restrict fund managers ' competence to control risk and increase their stress in dealing with liquidity risk
（ 3 ）證券市場持續穩定地發展是開放式基金得以長足發展的保障。現有的開放式基金絕大多數是股票型基金，其業績依賴于股市向好，進而影響投資者是否持有基金的抉擇。 （ 4 ）目前我國證券市場在關于大宗交易、程序化交易、做空機制和規避風險的金融工具等方面的制度尚不健全，制約了基金管理人控制風險的能力，也加大了其面對流動性風險的壓力。However, their views scattered in a variety of papers and magazines, and mostly eyes on a special aspect, lacking of a systematic study of the entire market. it ' s a systematic project to develop the bond market that need consider all kinds of problem during the process of development. so to study the bond market from extensive aspects means we need start from the basic theory to mechanism and find out the ways to solve the problem at last
本章以企業、銀行、債券和股票投資者都是理性的「經濟人」 ，企業完全按照市場成本收益原則選擇融資方式，同時政府對企業融資方式選擇的干預是中性為假設前提，對企業在不同發展階段的融資偏好進行簡要論述，再詳細比較分析了企業在面臨債務融資與股權融資，債務融資中的企業債券融資和銀行貸款時的選擇。First, pips are not as heavily regulated as mutual funds ( though they are far from unregulated, as the forbes article asserts ) and do not generally have to disclose their activities or holdings, which can allow managers to deviate from their stated investment strategies
此外pip比起共同基金有更大的投資?圍，它們不但可以放空股票，買賣選擇權，投資匯率、利率與未上市股，對于投資國家、地點、產業、規模也都無限制，水能載舟，亦能覆舟，這種彈性若由具誠信與能力的經理人加以運用將相得益彰，反之若是若遇到燥進的投機客，則基金前途堪憂。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。The former include the policy premium caused by examining and approving systems, the policy shrink caused by irrational capital stock structure, policy underpricing of rigid ipo pricing method, etc. the non - systemic factors contain the asymmetric information between investors, issuers and investment bankers, the reputation of the underwriters, the proportion of ownership retained by initial shareholders, financial signals such as the capital structure of issuers, etc. using the chinese ipo samples, the paper tested empirically the relationship between the stock issuing method and ipo underpricing, the paper gets some significant conclusions
在此基礎上，從理論上分析了影響我國ipo發行抑價的因素（主要包括由市場發展初期的政策性溢價，發行中發行人、承銷商和投資者之間信息不對稱，上市公司股東結構，投資銀行聲譽等） 。並且通過對由行政定價與市場化定價方式下新股抑價原因的實證分析，說明新股發行定價市場化是我國股票市場規范化、市場化和國際化的必然趨勢。This paper analyzed the noniinear, non - - equilibrium, fractai and chaos characteristics of chinese stock market, identified, estimated and tested three fractionaliy integrated time series models the first chapter " introduction to the evoiution of stock market investment theory " summarized the nine important representative theories of different stage, summed up the trend of the development that the stock market investment theory is evotving from static portfplio theory to dynamic time series modei, from univariate modei to muitivariate modei, from linear modei to nonlinear complicated model and from traditional modei to fractai modei, paved the way for following discussion
實際情況卻是股票市場影響因素以及各因素之間相互作用關系復雜，受投資者個人及群體心理因素影響明顯，股票的波動以及收益與風險的關系常常是非線性的，非均衡的，收益的方差和均值是自相關的、不穩定的，收益的波動符合分形布朗運動，表現出分形和混沌的特徵。本文分析了股票市場的波動的非線性、非均衡、分形和混沌特徵，建立並檢驗了幾種股票的分形差分異方差時間序列模型。The article analyses two - sided function on security market by security investment fund in theory aspect. after that, the article analyses the real function security investment fund did on our stock market in these years in quantitative aspect, and research for all kinds of internal and external reasons. finally, the article gets conclusion and brings forth suggestions for making security investment fund does better function on stabling security market
本文首先從理論上分析證券投資基金對股市穩定的影響具有雙面性；接著從實證角度分析，得出結論：我國證券投資基金對股票市場穩定的作用並不盡如人意，在一定程度上加大了股市的波動性；但這是由我國證券投資基金所處的特定內、外部環境所造成的；最後，本文就如何促使我國證券投資基金更好發揮其正面作用的問題提出了政策建議。分享友人