market price of stocks 中文意思是什麼
market price of stocks
解釋
股票市價-
The article investigates shanghai list companies from 1998 year to 2002 year ' s data, and gets two models by the methods of correlation and step - wise regression. by comparing two models " s response to good and bad earnings announcement in the difference level of market, the conclusion of this article is : ( 1 ) the price response to bad and good earnings announcement is asymmetry ; ( 2 ) the price response to bad and good earnings announcement changes as the relative level of the market changes ; ( 3 ) the notion that as the market rises, the asymmetry in the response to good and bad news becomes relatively more pronounced for glamour stocks is not applied to our security market
通過對1998年至2002年所有滬市上市公司五年的數據進行實證分析，運用相關性分析、多元逐步回歸等方法，得到兩個多元回歸模型，對比兩個模型在不同市場狀態下的反應，得到了以下結論： （ 1 ）市場在年報好壞盈餘信息的公布情況方面反應是不對稱的； （ 2 ）市場對好壞盈利信息反應的不對稱性的程度主要依賴于整個市場所處的狀態； （ 3 ）隨著市場不斷好轉，魅力股對壞盈利信息的反應並沒有變得更強烈，同時對好壞盈利信息的反應差別也不大。 -
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。 -
Based on the actual inventory conditions of petroleum enterprises and an analysis of the attitudes of material supply, optimal model of inventory was brought forward to economize capital. in this model, the optimal inventory and purchase are predicated with purchase capability, market price and so on. according to the inventory characteristics in the petroleum area, some inventory control methods were put forward, such as the distributed stocking and wholly limited quantity, purchasing just - in - time, and united stocks management and so forth
作者根據石油企業庫存的實際情況，分析了為生產提供生產物資的特點，建立了一個以節省資金為直接性能指標的庫存優化模型，這個模型能夠根據購買能力、市場價格、資金周轉率等方面的信息預測最佳庫存量和購買量，根據石油行業庫存的特點，提出了分散式庫存整體限量法、即時采購、聯合庫存管理等庫存控制管理方法。 -
The share price indices are used to indicating the average price and variation of several stocks, which can be the guideline of the market. it is shorted for index of stock
指數是反映和分析宏、微觀經濟狀況的一個重要指標，編制科學合理的指數，可以綜合的反映社會經濟現象一段時期的變動程度和發展趨勢。 -
The final execution price of your market order may differ from the nominal price at the time of order placement, especially for illiquid stocks and or at the beginning of a trading session due to orders accumulated that need to be handled
現價盤的最終成交價有可能偏離您落盤時之市場價格；尤以交投量不流通之股票及/或剛開市時，出現偏差機會較大，因較多累積盤需同時處理。 -
In line with the theory of pricing stocks and bonds, we classify the relevant factors to three types : endogenetic factors ( value - determined ), fund - provided factors ( price - affected ), policy factors ( system - impact ). then the research on the stock market, bond one and relevance of them will be developed depending on those three levels of factors mentioned above
基於股票和債券的定價機理，本文將相關影響因素劃分為三個層面:即具有內生性質的因素（利率、通貨膨脹率、凈資產收益率等） 、影響資金供需面的因素（貨幣供應量、固定資產投資增速等） 、政策性影響因素（重大的股市政策等） 。 -
After instance analyzing already having distribute sale project and returning buying project, writer brings up the state - owned stocks distribute sale price between each share clean property and market price is comparatively reasonable, appropriate considering the market whole price ratio, growth and company performance etc. analyzed from accountancy, the reasonable price of the state - owned stocks returning buying base between the recently each share clean property and a half of share market price. writer perfects the state - owned stocks returning buying project, brings up adopting debts rights method to returning buying the state - owned stocks, in order to alleviate the listed company ' s capital press
對已有的配售方案、回購方案進行實證分析后，提出國有股配售價格在每股凈資產與股票市價的一半之間比較合理，適當考慮行業整體市盈率、公司成長性和公司業績等因素；從會計的角度分析得出，國有股回購價格以適當打折扣的最近每股凈資產為基準進行回購比較合理，並對國有股回購方案進行了完善，提出以債權的方式進行國有股的回購，以減輕上市公司在回購中資金方面的壓力。 -
This paper examines the effects of the mechanism - call auction mechanism and continuity mechanism by which securities are traded on their stock returns. firstly, we explain the relational concepts. later, under the market inefficiency hypothesis, we draw into the amihud & mendelson model of price adjustment. because the different market tradings have different assets and these assets are traded in different environments, hence it would be hard to discern differences resulting from the trading mechanism itself from differences due to dissimilarities of securities and environments. we offers to resolve this difficulty by comparing the stock returns in the opening transactions with the price behavior of the some stocks traded at the same exchange during the same period in the closing transactions
而後，在市場無效的假設前提下，我們引入了amihud和mendelson構建的帶有噪聲的偏調整模型。由於不同的市場交易有不同的證券，而且這些證券又處在不同的環境中交易，因而很難看出排除證券本身以及環境因素后，交易制度對股票價格行為的影響。因此，我們利用同一交易所交易的同一股票在盤整時期的開盤（開盤交易採用集合競價制度）和收盤（收盤價採用連續競價制度確定）數據來比較不同的交易制度對股票收益的影響。 -
With the characteristic of stock price being too high, the difference of floating and non - floating shares, deep speculation, over - concentrated share right, share price being far from the enterprises " value as propelled by capital, share price and the size of floating stock being inverse proportion, so china ' s stock market is premature. it is unrealistic that we define the proportion of conversion stock by the ratio of stock market price or earnings per share. on the other hand, we can not ignore completely the price floating stocks
確定折股比例的方法有七種； （ 1 ）每股收益之比； （ 2 ）以eps不被稀釋為約束條件來確定臨界折股比例； （ 3 ）每股市價之比； （ 4 ）每股凈資產之比； （ 5 ）以l - c模型來確定折股比例； （ 6 ）每股企業價值之比； （ 7 ）每股成本價值加成法（每股凈資產加成法） 。 -
Thirdly, based on the search for the evidence of preannouncing disclosure and market stability, we need review whether interval preannouncement has a prominent relationship with the fluctuation of stocks " price and find out whether the supply of interval information brings reciprocal intervention
第三方面，在尋求預告披露與市場穩定證據的基礎上，我們需要考察間隔性預告與股價波動之間是否存在顯著關系，了解間隔性信息供給是否帶來互相干擾。 -
How to conclude a fair reasonable underwrite price of initial public offering stocks is always a very important issue in the stock market
摘要新股上市的承銷價格如何公平且合理的訂定，一直都是股票市場中一個相當重要的課題。 -
A discussion on perfecting a stable mechanism of our market price of stocks
對完善我國股票市場價格穩定機制的探討 -
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。 -
While for public shareholders, they can circulate their stocks at the secondary market and make them cashed at any time. the fluctuations of dividend and stock price are very critical, and they pay attention to the sustainable development and promotion of the listed company
對于流通股股東而言，由於其股份可以在二級市場隨時變現流通，股利和股價的波動對其利益有重要影響，因此，他們更重視上市公司的可持續發展能力以及上市公司價值的持續提升。 -
Based on the data of shanghai market ' s real estate stocks of " yahoo financial " plate from january 4, 2000 to december 30, 2005, the paper firstly uses statistical research methods, analyzing daily closing price index, monthly averaged closing price index, quarterly averaged closing price index and annual averaged closing price of real estate stocks and forging an objective description the fluctuations characteristic in china ' s real estate stock price
本文以2000年1月4日至2005年12月30日「雅虎財經」提供的滬市房地產板塊股票價格為依據，首先運用統計學的研究方法，對房地產股票的日收盤指數、月平均收盤指數、季度平均收盤指數以及年平均指數等進行了統計分 -
But in terms of prospective price earning ratios, the collective action of the market participants, made on the basis of all relevant information available to them, is suggesting that the stocks are, to them at least, reasonably priced
但以預期市盈率計，市場人士根據所得的有關資料進行分析后仍選擇集體追捧這類股份，正好顯示最少對他們來說，股價水平是合理的。 -
A look at the table shows the extent of the high valuations enjoyed by internet stocks, as evidenced by their high market capitalisation ( think of it as the price in the pe ratio ) relative to their low annual revenues
本文附上一個圖表，顯示網路股的高估價，從中你可以看到它們的高市值（可以把它當做本益比中的股價）與低營業額的懸殊對比。 -
This essay encloses a table which shows the extent of the high valuations enjoyed by internet stocks, as evidenced by their high market value ( think of it as the price in the pe ratio ) relative to their low annual revenues
本文附上一個圖表，顯示網路股的高估價，從中你可以看到它們的高市值（可以把它當做本益比中的股價）與低營業額的懸殊對比。 -
The model can more accurately predict the price of new marketing stocks and is conducive to judge its tendency after marketing, thus providing a useful help for operating them on the stock market
此模型可以比較準確地預測新股上市價格，並有助於判斷新股上市后的走勢，為市場操作提供了有益的幫助。 -
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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