逆向投資者 的英文怎麼說
中文拼音 [nìxiàngtóuzīzhě]
逆向投資者
英文
contrarian-
From the angle of investors and the market, the counter eliminating market of gresham ' s law ( the bad money will drive out good ) will be formed, because a large number of listed companies abuse the earnings management systematically and lastingly, which, together with the ineffective supervision, will pose a direct threat to the existence and development of the chinese market
因為從投資者和市場角度來說，大批上市公司系統與持續性的濫用盈餘管理和長期缺乏有效監管將形成劣幣驅逐良幣的逆向淘汰市場，從而直接威脅我國證券市場的生存和發展。And it is more important that the evaluation system to the technological smes can exercise a function to control the sense - reversing problem resulted from asymmetry of information so that investors can, on the whole, judge whether or not a technological sme is valuable for investment
更重要的是科技型中小企業成長性評價體系對由於信息不對稱引起的逆向選擇問題能夠起到控製作用，使投資者從整體上把握科技型中小企業是否具有投資價值;將科技型中小企業融資的影響因素分為微觀因素和宏觀因素。Finally, the author sketches clues, method and basic structure of the study ; part two : financing mechanism. on the basis of listing all the sources of the overseas venture capital and taking the china ' s features into consideration, this part analyzes the sources of china ' s venture capital from two aspects : possibility and feasibility. all in all, at present, the venture capital in china is still on the beginning stage with the characteristics of simplicity of suppliers of the venture capital, the frequent interference of the government, the low passion of non - governmental groups in investment and the fact that the total supply volume of the venture capital, especially the available volume, is far behind the vast demand of the transformation of scientific and technological achievements and the development of hi - tech industry
本文共分為五個部分：第一部分重點介紹了國內外關于本問題的研究現狀，說明本文的研究思路、研究方法和基本框架等；第二部分在分析國外風險資本來源的基礎上，結合我國風險投資的特點，從可能性和可行性兩方面來分析我國風險資本的來源；第二部分通過對風險投資機構的三種主要組織形式進行比較分析，闡明了最適合於我國風險投資的發展的風險投資組織形式，並提出我國風險投資組織形式分階段發展的建議；第四部分構建出了具有一般意義的風險投資家投資決策體系，並對風險投資者如何規避逆向選擇問題進行了探討。We discover that investors are only willing to pay the price of the worst company for the share of listed companies which altered financing capital ' s use, as a result of adverse selection. so we draw a theoretic conclusion that announcement of alteration of financing capital ' s use have some valuable information, and share price will fall
經過分析我們發現由於逆向選擇的結果，投資者只願意對變更募集資金投向的上市公司股票支付質量最差公司股票的價格，並從理論上得出結論：上市公司發出的募集資金變更投向公告會在證券市場上產生傳導效應，引起該公司股價下跌。As the result of the reverse selection of the actual capital market, interest is hard to come to equilibrium level, so the gap between capital supply and demand is unlikely to sew up by itself, therefore, some capital demanders try to find out other informal ways
但由於資本市場上存在逆向選擇，所以利率難以上升到均衡水平，資本供求缺口無法自動縫合，於是部分資本需求者就通過其他非正式渠道尋找資本；同時，部分先富農戶手中富餘資本又缺少投資項目，暫處「閑里」狀態。The bond and equity markets do not always move together in this way ; indeed we spread investments across both sectors precisely to manage the risk that they will not
然而，債市及股市的走勢並非經常都是這樣一致的這正是我們分散投資于這兩個環節的原因，以應付兩者逆向發展的風險。Through the empirical analysis, on one hand, we find there is no regression relation between p / e ( market price to earnings ratio ) and market return ratio, so the lower p / e cannot guide investors, on the other hand, we find there is negative regression relation between p / bv ( market price to book value ratio ) and market return ratio, so we conclude that the lower p / bv is significant for investors
在分析中國證券市場上投資心理狀況的前提下，對滬深兩市上市公司相關指標進行研究和實證分析，發現在中國證券市場上，市盈率與投資收益率之間不存在線性相關性；而市凈率與投資收益率之間存在負相關關系，以低市凈率作為逆向投資策略的選股方法能夠有效地指導投資者。This article tries to study investor ' s agency venture due to asymmetric information and how to conquer agency risk, make income to maximization, and stimulate the venture capital market and make the venture capital industry high efficient development
本文解決的核心問題是投資者如何克服逆向選擇及道德風險等代理問題使自己的收益得到最大化，從而更大的刺激風險投資市場的繁榮，並使其得到高效率發展。The foundation of this paper consists of investors " cognitive biases and behavioral biases and mind theories which are relative with investors " investment decision - making. firstly, this paper explains the formation mechanism of behavior investment strategies which be classified into three strategy such as focus investment strategies, contrarian investment strategy and small cap value strategy ; secondly it describes behavior investment process management, at the same time displays the keys of behavior investment process management ab out several typical behavioral investment strategies ; fmally, the feasibility of contrarian investment strategy on chinese security market have been empirical studied
論文在介紹了投資者認知行為偏差和與影響投資者決策有關的心理理論基礎上，論述了行為投資策略的形成機理，並對行為投資策略進行了簡單的分類，本文將行為投資策略的典型類型歸類為價值型集中投資策略，逆向投資策略及小盤股策略，闡明了各種類型的行為投資策略的內涵及其形成機理。其次，對行為投資過程管理進行了描述，對幾種典型類型的行為投資策略的過程管理的關鍵給予了說明。We choose the listed companies and investors as participators, analyze the process that alteration of financing capital result in adverse selection
我們以上市公司和投資者作為參與人，分析了當上市公司變更募集資金投向時，在信息不對稱的情況下，產生逆向選擇的過程。分享友人