efficient assets 中文意思是什麼
efficient assets
解釋
有效資產-
The thesis, somehow, is a summary, which expounds the main contents of traditional portfolio theory ( tpt ) and mpt, also gives a comparison between tpt and mpt ; analyses two aspects of markowitz theory, one is the effects of risk disperses and the demonstration, the other is how to make an optimal portfolio strategy ; researches into capital assets pricing model ( capm ), factor model ( fm ) and arbitrage pricing theory ( apt ) respectively in three parts ; studies another two parts, one is the premise of mpt, which is the efficient market hypothesis ( emh ), the other analyses the behavior finance theory ( bft ) produced in the background of challenging and querying to emt and capm. the thesis finally discusses the researching and applying prospects of mpt in china
論文對現代資產組合理論與傳統資產組合理論分別進行了分析，並對兩者進行了比較研究，對馬克維茨的均值? ?方差理論從資產組合風險分散效應和最優資產組合選擇兩方面進行了重點分析，對資本資產定價模型、因素模型、套利定價理論進行了一定深度的分析和研究，對現代資產組合理論的前提假設? ?有效市場理論及在對有效市場理論和資本資產定價模型形成挑戰和質疑背景下提出的行為金融理論進行了論述，論文最後分析了現代資產組合理論在我國的研究及其應用的廣闊前景。 -
The paper analyzed the status of chinese foreign exchange reserves investment at present, and then put forward suggestions for improving reserves investment returns, such as discriminating investment function from the management ; constructing efficient mechanism ; setting up investment benchmark and limitation, evading and manipulating risks ; optimizing the currency and assets compounding ; expanding invest channel ; absorbing more person with ability in international finance market and perfecting relevant laws etc
本文分析了我國外匯儲備基金投資增值的現狀，從區分管理功能和投資功能，組建高效基金運營模式；設定投資基準和投資限額，控制和規避投資風險；優化外匯儲備的貨幣結構和資產結構，拓寬投資渠道；加快培養吸納國際金融市場操作人才，完善有關法規等幾個方面提出了改進外匯儲備基金投資增值的對策。 -
Thus a method of transferring debts to shares in dealing with non - performance assets is emphatically analyzed. after discussing and studying the problem above, in accordance with practical experience of the writer undersigned who is engaged in bank non - performance assets management job, this article also point out some existed obstacles and difficulties in the operation of handling and clearing up non - performance assets, further makes some suggestions on non - performance assets policy - making in the hope of lending a hand in the efficient operation and solution of such problem
在研究了上述問題之後，根據筆者所從事的銀行資產保全工作的實際經驗，本文指出當前我國處置和清收不良資產的措施在具體實施過程中存在的障礙及難點，進而從處置不良資產政策制定方面提出自己的建議，以期對我國提高不良資產處置手段的可操作性和有效解決不良資產問題有所幫助。 -
To participate in disaster relief work, the general headquarters / departments, military area commands, provincial military commands and lower - level commands have all assigned personnel to the national and local rescue and relief command organs, to coordinate the command relationship between the military and local governments, formulate rescue and relief measures, establish disaster situation reporting systems, manage relief assets, and implement organization and coordination of disaster relief in a flexible, rapid, efficient and accurate way
為了便於參加救災行動，軍隊總部機關、軍區、省軍區、軍分區都派出人員參加國家和地方搶險救災指揮機構的工作，協調軍地指揮關系，制定減災救災措施，建立災情通報制度，統籌救災器材物資，並遵循靈活、快速、高效、無誤的原則，實施組織協調工作。 -
We provide professional advice for our clients particularly with flexible, cost effective, efficient, confidential and quality services that gives them the opportunity to conduct business without the burden of immediate taxation and that enables them to protect their assets in privacy
無標題文件離岸公司本公司向顧客提供具個人化成本合理效益保密及品質優良之服務，以滿足顧客之避稅財產保護及保密之目的。 -
But the key factor is its effective systematic arrangement such as the strict and standard administrative structure, the efficient organizational structure and the administrative system of the business expansion, which are the internal guarantee of the success of the businesses in the western investment bank. the strict administrative system of finance guarantees the mobility, the efficiency and the security of its assets ; the labor administration guarantees the source of the developmental energy for the bank which requires the knowledgeable labor ; the strict and scientific internal risk - control system guarantees the orderly development of the businesses in the western investment banks
如，嚴謹規范的公司治理結構、運作高效的組織結構、內涵擴張的業務管理體系是西方投資銀行各項業務成功拓展的內在保障；嚴謹的財務管理體系確保其資產的流動性、效益性和安全性；人力資源管理是以知識密集型的投資銀行提供發展動力之源為宗旨；嚴密的內部風險控制體系以及科學的風險管理制度為投資銀行各項業務的有序開展提供了安全保障。 -
From table 1 shows that the assets of state - owned banks profitability less than one third of the joint - stock banks, joint - stock banks capital profitability less than a quarter of that number four bank assets and capital although large, but less than quality, efficient utilization of assets, profits inadequate
從表1來看，國有銀行的資產利潤率不到股份制銀行的三分之一，資本利潤率還不到股份制銀行的四分之一，說明四大銀行的資產和資本數量雖然大，但是質量卻比較差，資產利用效率過低，盈利水平不足。 -
Following, making development study from the three directions : the first one is how to reduce calculation when to use markowitz model. this text has improved the efficient frontier of markowitz model utilizing free risk assets, and reduced calculation about revenue rates " co - variance matrix utilizing single or multiple factors, and so on. the second one is to add thinking factors about, such as transaction fee, fund limitation, lowest transaction unit ' s limitation, risk measures and exchange rate risk of international portfolio securities, so as to make markowitz model closer to our country ' s practice
接著，分三今方向對markowitz模型進行了拓展研究：第一個方向是運用markowitz模型時如何減少計算量，本文利用無風險資產來改進markowitz模型的有效邊界，利用單因子或多因子模型來減少收益率協方差的計算量等等；第二個方向是增加考慮因素，諸如交易費用、資金限制、最小交易單位限制，風險測度和國際組合證券的匯率風險，使markowitz模型更貼近我國的實際；第三個方向是對markowitz模型進行動態拓展研究，提出了將證券收益率看成是隨機序列時的投資決策模型，深入研究了m ? v有效邊界隨資產品種數增加而發生的漂移，並用解析方法和幾何圖形描述了漂移的軌跡和方向。 -
In the last chapter, we managed to put forward some useful idea to help develop the efficiency of china ' s stock market from the point of view of law, market and political system. in 50 ' s of 20 century, the famous professor eugene fama introduced the idea of efficient market hypothesis ( emh ), which means that the information available on the asset market can be found in the price of assets without delay and fault
在效率市場中，投資者都利用可獲得的信息力圖獲得更高的報酬，證券價格對新的市場信息的反應是迅速而準確的，證券價格能完全反映全部信息，市場競爭涉及的證券價格從個均衡水平過渡到另一個均衡水平，而與新信息相應的價格變動是相互獨立的，或稱隨機的。 -
In recent years, some enterprises have taken the stock reconstruction step, which injects vigor to enterprises and strengthens the openness and transparency of enterprises " management, and have got obviously efficient result on running mechanism, assets running and management benefit elevation and etc. but we can see consciously that reform of many state - owned enterprises has not achieved its expected effect since existing serious deficiency in the running mechanism of enterprises and limited function role played by securities business
近年來，部分企業實行股份制改造后，給企業注入了活力，強化了企業經營的公開性和透明度，使企業在運行機制、提高資產運營效益等方面，都取得了明顯的成效。但是我們也非常清醒的看到，許多國有企業在進行了股份制改造后，並未達到預期效果，企業的經營機制依然存在嚴重的不足，證券市場自身功能的發揮也受到了極大的限制。 -
The payments for capital and labor are totally set by market power and capital ( labor ) suppliers of any firm have no power to alter the transaction terms with its labor ( capital ) suppliers to their advantage and thus every firm generate zero economic profit. every firm ' s value is equal to the sum of the market prices of the human assets and physical assets that it use and thus the formation and disbandment of a firm have no influence on the interest of any of its members. through an efficient comparison of production within the firm and the scattered individual production coordinated through markets, the dissertation reveals that the origin of the power relationship phenomenon within the firm is that the suppliers of the resources to the firm in real world are unable to enter into legally binding complete contracts as walras assumed
在一般均衡範式中，企業是一個追求利潤最大化的原子；企業的生產過程被描述為一個「黑箱」 ，它自動地、無摩擦地把任何一組投入轉化為既定的技術約束下所能生產的最高產出；資本和勞動僅僅是生產過程中不同類別的投入，它們之間的關系是對稱的，它們各自的報酬都是完全由市場整體的力量決定的，任何一個企業的資本（勞動）提供者都不可能為了增進其自身的利益而改變與勞動（資本）提供者的交易條件，從而任何一個企業產生的經濟利潤都為零；任何一個企業的價值都等於該企業使用的人力資產和非人力資產的市場價格之和，組成一個企業不會增進任何參與人的收益，解散一個企業也不會降低任何參與人的收益。 -
Enterprise resources include tangible asset and invisible assets, and an efficient integration of various resources is the fundamental of core competitiveness
企業資源包括有形資產和無形資產，各種資源的有效組合是核心競爭力的基礎。 -
This article states that bank restructures is the basic solution to reform of state - owned commercial banks and to the efficient reorganization of bank assets
本文認為：銀行重組是深化我國國有商業銀行改革、有效整合銀行資源的根本途徑。 -
It mostly refers to the low efficient condition that is all productions include non - current assets and non - practicality assets improper allocation so as to decrease the efficiency of disposition
擁擠是指所有生產要素，包括非流動性資產或非實物生產要素配置不當所形成處置能力降低的一種極端低效現象。 -
In order to make the fixed assets management in universities and colleges more efficient and scientific, in view of some existing problems in current fixed assets management in universities and colleges, such as maladministration, unreasonable resources allocation, inefficiency of assets utilization, low quality of managerial staff in financial department, and etc., the paper puts forward the following foure suggestions, that is, to upgrade understanding and convert concept, to establish regulation and strengthen management, to advocate people - first and perfect the web, and to reinforce leadership and keep procedures standardized
摘要為了使高校固定資產管理更高效科學，文章針對當前高校固定資產管理過程中存在的管理不到位、資源配置不合理、資產使用效率不高、固定資產管理人員文化素質較低等薄弱環節，提出四點建議：一是提高認識，轉變觀念；二是建章立制，強化管理；三是以人為本，健全網路；四是加強領導，規范程序。 -
Each sub - fund of the fund adopts a fund of funds structure, in which a substantial portion of assets will be invested in a series of russell managed funds based on respective pre - determined strategy of each sub - fund, ensuring efficient diversification of risk
所管理的基金，並會根據預定策略，直接投資于該成份基金所投資的一系列基金，以確保有效及多元化投資，從而減低風險。 -
To any requirement of used equipments, we will do our best and most efficient to survey then report to customers ; to any idle equipments, we will contact with any potential buyers in the world and enlarge the assets utilization for our customers
對于客戶所需要的設備，我們會以最有效率的速度幫客戶尋找並回報給客戶；對于客戶?置的設備，我們會幫客戶尋求全世界潛在的買家，使客戶資源能有效利用。 -
Through an empirical analysis of the relation between high - low p / e ratio portfolio and indexed rate of return, this paper verifies, from one angle, that the chinese stock market does not comply with the semi - strong efficient market hypothesis ; it then presents a regression analysis of the relation between equity structure and p / e ratio, proving that p / e ratio is inversely related to total assets
摘要通過對高低市盈率組合與指數收益率的關系的實證分析，從一個角度證明了我國股市不符合半強勢有效假設；並採用回歸分析法對股權結構與市盈率的關系進行了分析，證明了市盈率與總資產呈負相關關系。 -
So it is necessary to establish an efficient internal restrictive mode to compel the trustee manage fund assets consciously to maximize the profits of fund holders
因此，有必要構建一個良好的內部約束機制，使受託人能自覺的以基金持有人的利益最大化為目標進行資產管理。 -
And this essay found the solution of the problem : the lessening should obey the important regulations of the " efficient market " and " market principles " ; the lessening should combine the long - term goal with the short - term ' s and united into a final goal - the maximum of the whole society ' s property ; the organization structure should be perfected formally and substantially ; the state - owned stocks should be lessened by classification periodically ; the lessening ways could be diversified, marketable or non - marketable ; the lessening should obey the regulation of different prices on different stocks and same prices on same stocks, and drew a conclusion that our state - owned stocks lessening should be managed with low price based on the net assets
尋得我國國有股減持應遵循「有效市場」 、 「市場規律」等重要原則；減持目標應把長遠目標和近期目標相結合，並統一于社會創造財富能力最大化的最終目標；從形式和實質上完善減持的組織實施；國有股應分類、分期和分批減持；減持方式可選擇市場方式和非市場方式，即多樣化方式減持；國有股減持應遵循異類股票不同價和同類股票不異價的定價原則，並提出我國國有股應以凈資產為基礎進行低價減持的結論。
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