equity risk premium 中文意思是什麼

equity risk premium 解釋
股票風險溢價
  • equity : n 1 公平，公正。2 【法律】衡平法〈指補充成文法或普通法的公平原則，必要時以糾正用法不公〉；衡平法...
  • risk : n 1 風險，危險；冒險。2 【保險】（損失的）風險（率）；保險金額；被保險人，被保險物。vt 冒…的危險...
  • premium : n. 1. 超票面價格，溢價；加價；貼水，升水。2. 獎賞，獎勵；獎金；獎狀，獎品；【橋牌】獎分。3. 保險費。4. 傭金；（利息；工資等以外的）酬金。5. 額外費用。6. 學費；習藝費。
  1. This paper will study the chinese equity risk premium

    4 ）股權風險溢價是股票價格水平的決定性因素。
  2. A higher risk premium for the equity market has already been priced in

    股市已將更高的風險溢價計入股價中。
  3. 2 ) we can do it by applying the dcf model and earning income scheme. second ly, whereas these theories are applied very well abroad, i will discuss the practicability of these theories when we use in chinese stock market, then i will draw a conclusion that there is some localization when these theories are applied in chinese stock market. finally, by studying the markov process, we can see the equity risk premium data which are derived from chinese stock market have characteristic of markov process, so i will establish the model based on the markov process and make a short time forecast about chinese equity risk premium

    我們首先對諸多國外理論工作者在這方面的研究做一次總體的介紹與分析，國外的理論工作者在研究股權風險溢價，可以分為兩大類：一是運用歷史數據估計未來股票市場的業績；二是以運用dcf模型或收入收益方案為基礎進行的研究工作；其次，鑒于上述理論在國外良好的實用性，我們進一步討論這些國外的理論在研究中國股票市場股權風險溢價時的實用性，並得出這些理論應用於中國股票市場的局限性；最後，通過對馬氏鏈的研究得出中國股票市場上的股權風險溢價的樣本數據同樣滿足馬氏鏈的特徵，本文建立了基於馬氏鏈的股權風險溢價模型。
  4. Due to the yield change of national debt market is relatively stable, we find that the yield of stock market directly decides the level of equity risk premium. 4 ) this model is like a technique analysis, the investor can master the pulse easily by applying this model

    3 ）由於國債市場的收益率的變化相對來講比較平穩，中國股票市場股權風險溢價的變化主要是由於股票收益率的變化引起的，可以說股票市場的收益率情況直接決定了股權風險溢價的水平。
  5. Based on the conclusion of the first time ' s studying, i carry through the markov process again. then there will be some conclusions about my study as followed : 1 ) it is no use to just copy the theories abroad, for the companies in china are different from those abroad. 2 ) the method of estimating the equity risk premium through the history data could work out the average history equity risk premium, but it ca n ' t explain the characteristic that the equity risk premium vibrate with time. 3 ) by studying, we know that the level of equity risk premium in chinese stock market about one week is positive usually

    利用上述模型，我們進一步對我國股票市場的股權風險溢價進行短期的預測，在預測過程中，本文使用了兩次馬氏鏈進行研究，通過第一次將一些市場中幾乎不會出現的特殊點去除，在第一次的基礎上進行第二次馬氏鏈分析，並進一步得出了相應的研究結論： 1 ）照搬國外有關股權風險溢價的理論應用到我國股票市場上是草率的，國外的理論雖然比較成熟了，但由於種種原因，這些理論還是無法應用於中國的股票市場。
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