股票估價 的英文怎麼說

中文拼音 [gǔpiàogūjià]
股票估價 英文
stock valuation
  • 股 : Ⅰ名詞1 （大腿） thigh; haunches 2 （機關、企業、團體中的組織單位） section of an office or enterp...
  • 票 : 名詞1 （作為憑證的紙片） ticket 2 （選票） ballot 3 （鈔票） bank note; bill 4 （強盜綁架去用做抵...
  • 估 : 估構詞成分。
  • 價 : 名詞1. （價格） price 2. （價值） value 3. [化學] （化合價） valence
  • 股票 : shares; share certificate; stock certificate; equity security; stock; capital stock
  1. Valuation of stock allotment right

    股票配股權的價值估計
  2. 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 。
  3. With the rapid development of the security stock market especially the stock market in chian ， issuing stock and circulating on market became the first choice of financing for more and more enterprise at the same time ， more and more investors are attracted by the relately high initial return of stock however ， the problem of ipos underpricing always exists in the stock market according to the data of more than one thousand chinese stocks ， most new issues had great raise in the first trade day ， and investors could acquire higher initial return than the average return of the stock market or the same industry we find that initial returns on a - share ipos average reached 132. 24 percent the main body of this paper is made up of six sections ： in the first part ， we introduced the method of the estimate of pricing decision ； in the second part ， we analyzed the method of the pricing decision and issuing system in china ， discussed the advantage and weakness of the various issuing methods ， and compared the economic efficiency between the examine and approve system and authorization system ； in the third part ， we analyzed the reason of ipo ' s underpricing in detail from information economics and other factors and combined with the environment of the chinese stock markets ， we analyzed the special characteristics in china and how they effect the ipo ' s underpricing in the fourth part ， we analyzed the data of chinese stock market with spss ， made a analysis of the administrative pricing decision and market pricing decision ， studied the underpricing phenomena of chinese stock market ， and analyzed it ' s causes ； in the fifth part ， we made a analysis of the examine approve system and authorization system ； and in the last part ， we drew some conclusions and put forth some policy advices the follow are the conclusions and policy advices in this dissertation ： （ 1 ） from the results of this empirical study ， we found that the issuing price - earning ratio and the market situation before ipos are strongly and positively associated with the underpricing of shares ， the issuing scale of ipo and the hit rate are strongly and negatively associated with the underpricing ； （ 2 ） we found that after the abolishing of ipo ' s p / e ratio and the using of authorization system ， there is no significant difference among the underpricing of shares ， but considered with the market entironment ， we think that the ipo ' s underpricing has been correspondingly reduced （ 3 ） to reduce difference between the primary market and the second market ， we suggested that we shall bring the " over - allotment option ( oao ) " to bear and resume the state - owned share and corporate - owned share to circulate on market as soon possible

    本文的主體由六個部分組成：第一部分介紹新股發行定價的估值方法；第二部分對我國的發行定價方式和發行制度進行分析，探討不同發行定價方式的優缺點，以及審批制和核準制經濟效率分析；第三部分從信息經濟學角度和其他因素的角度詳細分析造成新股發行抑價的原因，並結合我國股票市場實際情況，分析了我國市場的特有因素是否及如何影響一級市場的發行抑價程度的；第四部分利用統計分析軟體spss對我國新股行政化和市場化定價進行實證分析，主要包括新股發行行政化和市場化定價方式的實施情況和效果分析、新股發行行政化定價方式的實證分析，以及新股發行行政化和市場化定價方式的比較實證分析；第五部分利用統計分析軟體spss對我國新股發行審批制和核準制進行實證分析；第六部分是本論文的主要結論。本文的主要結論和建議有： （ 1 ）從實證分析結果看，我國新股發行抑價與市場環境、發行市盈率呈顯著正向關系，與發行規模、申購中簽率等呈顯著反向關系。 （ 2 ）取消發行市盈率限制和實施核準制等市場化改革措施並沒有降低發行抑價的絕對水平，只是由於市場環境的因素，發行抑價的相對水平才有所降低。
  4. If share prices sink, so will profits, which would make shares look even more overvalued

    如果股票價格下降，利潤減少，這將使股價看起來更高估了。
  5. Research of this paper opens out enclosing the subject that m & as and reconstruction of public companies can help to realize resource collocating of securities market, advance quality of public companies, and promote the optimization of structure and function of stated - owned economy. the paper researches how to change the financial and speculative reconstruction at present to the strategic and material reconstruction aftertime. firstly, the author proves the feasibility of m & as and reconstruction that conduces to advance management efficiency of companies and efficiency of securities market in theory, and emphasizes on some conceptions which have certain differences between westward m & as and reconstruction market and ours

    西方的並購重組理論為我們提供了一定的思考的角度，其中比較有代表性的有效率理論，從管理、經營、財務的協同效應和多元化經營、戰略重組等方面解釋了並購重組對改善企業經營管理的可能性；代理問題理論，把並購重組作為解決企業委託代理問題的一個外部機制，即當由於公司管理層的無效率或代理問題而導致公司經營管理業績不佳的時候，公司就可能面臨著被收購的威脅；信息與信號理論，認為並購重組信息向市場傳遞了有關公司管理、股票價值、資本結構等方面的信息，從而引起公司的市場價值被重新評估，導致股價波動。
  6. Under the market inefficiency hypothesis, this paper focuses on the investors ’ irrational valuations on corporate stocks, and deeply discusses the interactions among corporate finance, investment and market performance. it follows the international forward subjects, and has some important practical and theoretic significance. this paper consists of eight parts

    本文針對非有效市場的現實背景，圍繞市場投資者對公司股票的非理性估價，以中國上市公司為研究對象，深入探討其融資和投資決策及其股票市場表現的聯動反應，切中了國際前沿的熱門課題，具有重要的現實意義和理論價值。
  7. Whereas intangible property, stock - rights value is uncertain, there is need to regulate rules in the share evaluation, the ownership of stock - rights transfer and the relation with the shares issuer etc. in order to facilitate operation

    鑒于股權作為無形財產，其價值的不確定性較大，為操作之必要，應在股份評估、股權移轉、與股票發行公司之關系等方面做出法律規制。
  8. This paper discusses the estimation of the expected rate of return of stock price process

    摘要本文討論了股票價格過程期望收益率的估計問題。
  9. The fifth chapter " stock price arfima, garch and figarch model " introduced different kinds of time series models including fractal model, method such as analysis of variance ( anova ) and unit root test to test the stability of time series, method and criteria to estimate the arfima, garch and figarch model

    第五章介紹了股票價格的分形時間序列模型，介紹了檢驗時間序列平穩性的方差分析和單位根檢驗方法以及非平穩的處理方法， arfima ， garch和figarch模型的建模方法和股票市場的分形特徵和股票價格的figarcll模型叭穴參數估計方法和估計準則。
  10. Study on stock evaluating model based on arithmetic increasing dividend

    股利等差增長的股票估價模型探討
  11. Estimating the model of money circulation velocity by johansen cointegration, we find that the price increase of the stock impacts the currency circulation velocity in an negative way

    採用johansen協整檢驗估計得到貨幣流通速度的回歸方程，結果顯示股票價格上漲對貨幣流通速度有負向的影響。
  12. Pricing and transaction rate of aim enterprise in merged stocks

    股票並購中目標企業估價的研究及換股比率的確定
  13. Because the return rate has many good characters such as the following, we estimate the return rate by use of the characters. theorem 1 [ 20 ] set kernel function k ( u ) and density function f ( x ) satisfy the following conditions

    第三部分研究在收益率不服從正態分佈的情況下用核估計方法對股票的收益率密度做出估計，然後算出在期滿日時的股價，再用非參數估計方法對歐式看漲期權價值進行評估
  14. In the second chapter, the concept of value multiple is introduced in details and a new valuation model is given at the end of this chapter. an important conclusion is drown through data analysis in american capital market in the chapter three : there is a strong relativity between the value multiple and the stock price. in the next chapter, we analyze those factors that they can weaken the effect of value multiple when we use it to judge the intrinsic value of securities in our country and countermeasures ^ against those factors

    本文第一章主要就證券價值分析的一般原理、常用方法以及存在的問題進行了探討；第二章主要就價值倍數法的理論基礎、計算公式進行闡述和推導，並最終構建了基於價值倍數概念上的估值模型；第三章主要通過美國資本市場的數據對價值倍數與股票價格之間的關系進行了探討，最後得出二者之間為正相關的結論；第四章主要就我國證券市場上影響價值倍數運用的主要因素以及對策進行探討，並通過實例演示證明價值倍數模型在我國證券市場運用的有效性；第五章對整個研究過程進行了總結，並就其中存在的問題提出了改進的思路以及進一步研究的方向。
  15. We address these various issues in the framework of principal - agent theory, and our main contributions are as follows : 1

    若用black - scholes期權定價模型計算，勢必會高估股票期權的價值，進而高估其對經理人的激勵效應。
  16. The business target of western companies has more and more focused on the value maximization after experiencing the profit maximization and stockholder ’ s wealth maximization. while our financial companies, especially the commercial banks, have not very clear business targets, which inludes both economic motives, like profit maximization, lowering the nol rate and increasing volume of deposit and loan, and some political tasks. after entering into wto, chinese commercial banks are exposed to fiercer competition

    20世紀60年代，著名理財學家莫迪利安尼（ modigliani ）和米勒（ miller ）相繼發表了影響深遠的兩篇學術論文《資本成本、公司理財與投資理論》和《股利政策、增長和股票價格》 ，第一次系統地將不確定性引入到企業價值評估理論體系之中，精闢論述了企業價值與企業資本結構之間的關系，創立了現代企業價值評估
  17. All of the company law take various measures to prevent watered stock in order to realize the maintenance of company ' s capital when the company is established. meanwhile, the distribution system about dividend and bonus and the relating system of company getting its own shares are discussed mainly in the maintenance of capital after company ' s working. though there are different distribution regulations about dividend and bonus, their aims are all to make balance between the interest of shareholders and creditors

    公司設立時為實現公司資本的充實，各國公司法都禁止股票折價階；大陸法系國家制定了嚴格的出資財產評估與審核制度，而英美法系則通過制定法中的原則性規定以及發達的司法判例賊份對價的充分性進行判斷；發起人的資本充實責任對確保公司資本的充實跪重要的作用，一伽括認購擔保責任、繳納邯責任和價格填補責任等。
  18. The first is stock valuing and the second is to find the market price of stocks. to launch these two steps, there are two problems to deal with, namely, methods of valuing and offering styles. in this research paper, methods and styles are two basic questions

    確定發行價格一是要進行股票估值，二是發現股票市場價格，而這兩個方面涉及估值方法和發行方式問題，本文以發行定價估價方法和發行方式為研究的基本問題展開。
  19. Mr. icahn has long argued that motorola stock was severely undervalued and that splitting off the cellphone division would improve shareholder returns. he believes it would unlock $ 20 billion in value

    伊坎一直聲稱，摩托羅拉的股票估值過低，將手機部門分拆出去能提升給予股東的投資回報。他相信此舉能使股東價值提升200億美元。
  20. This approach is not in need of determining the expected rate of return of investors or estimating future cash dividend, but the corporate historic and present assets value, thus overcoming the shortcomings of the traditional methods

    該方法不需確定投資者的預期收益率，也不需估計未來的現金股利，只需要知道公司歷史的和現在的資產評估價值就可以對股票進行估值，從而克服了傳統股票定價方法的缺陷。
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