portfolio theory 中文意思是什麼
portfolio theory
解釋
投資搭配理論-
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。 -
Markowitz portfolio theory has become the footstone of modem finance theory
摘要馬柯維茨的投資組合理論奠定了現代金融理論的基石。 -
In the sixties of the 20th century, while it analyzed the relationship between the security risk and the return, the capital asset pricing model ( capm ), on the basis of security investment portfolio theory, put forward the pricing method of the security. the theory has succeeded in enduring the econometrical tests for more than ten years
20世紀60年代，資本資產定價模型（ capm ）以markowitz的證券投資組合理論為基礎，在分析證券風險、收益關系的同時，提出了證券的定價方法，這一理論成功地經受了十多年的經濟計量檢驗。 -
In this article, firstly the background of the textile trade conflicts within sino - us or sino - euro are introduced, thus learn that how to discern and dodge the foreign trade risks, how to choose the appropriate investment projects have already become one of the most important questions for exporting companies on foreign trade affairs well - known as high investment and high risk. so the main text makes a risk analysis qualitatively and quantitatively on a textile - exporting trading company from three angles of statistic 、 game theory and portfolio theory, which is the main content that we studied. firstly, the statistic article adopts data of the transaction closing price of the textile clothing index in shenzhen stock exchange at the end of each quarter as well as several other kinds of data reflecting the macro - economic changes, performs an empirical analysis of these data according to the theory of co - integration test 、 granger cause test and impulse response function of time series in economitric, and learn that the impact to ti is more obvious by the economic index reflecting local commodity price level and economic prosperity degree home and abroad, as well as the impact degree and the time lag degree, and knows the macro - economic risks faced by textile business enterprises ; after that by the game theory angle we analyze exactly the managing risks faced by one textile export corporation named beauty. from the game expansion chart the system arrangement between censor ways by exportation goal countries and exporting strategies by the exporting enterprises has been analyzed. involving the benefit assignment between them both the limited rounds and infinite rounds negotiations of cooperation games have been studied, and then country responsibility and the enterprise managing risks on foreign trade affairs and so on have been analyzed exactly ; in order to realize the investment multiplication in the certain degree to disperse the risk, the
本文首先介紹了中美、中歐紡織品貿易爭端的來龍去脈，由此可知在涉外貿易這種以高投入、高風險著稱的行業里，如何甄別和規避外貿風險、如何選擇合適的投資項目已經成為外貿企業的首要問題。因此，正文分別從統計學、博弈論和投資組合三種角度對涉外紡織品貿易公司風險進行了定性和定量的分析，這也是本文的主要研究內容。首先，統計學篇選取了深圳證券交易所行業分類指數?紡織服裝指數（ ti ）每一季度末的交易收盤價和若干種反映宏觀經濟變化的指標，利用計量經濟學中時間序列的協整檢驗、 granger因果檢驗和脈沖反應函數等理論做實證分析，從而得知反映國內物價水平和國內外經濟景氣程度的經濟指標對紡織板塊上市值的沖擊比較明顯，且可知沖擊程度和時滯度，進而分析出涉外紡織企業所面臨的宏觀經濟風險;接著，從博弈論的角度具體分析一家紡織品出口公司（ beauty ）的外貿活動所面臨的各種經營風險，該篇從博弈擴展圖入手，分析了出口目的國審查方式與本企業出口策略之間的制度安排;並圍繞雙方的利益分配，研究了有限回合和無限回合合作談判博弈，然後具體論述了國家責任和企業涉外經營風險等問題;在一定程度上為了實現投資多元化來分散風險的目的，投資組合篇從經典的markowitz模型著手，在一些特定條件的限制下，給出了一個相應的投資組合模型。 -
Theory of portfolio optimization is an important part of the modern ? nance in - vestment theories, which uses mathematical facilities such as convex analysis, random analysis, nonsmooth analysis, ( nonlinear ) programming etc, combined with the mean - variance method the basic method of modern portfolio theory. by setting up mathe - matical models, discussed the investment rules of ? nance market and o ? ered theoretic guide for investors
投資組合優化理論是現代金融投資理論的重要組成部分，它運用凸分析、隨機分析、非光滑優化、 （非）線性規劃等數學工具，並與現代投資組合理論的基本方法均值方差方法相結合，通過建立數學模型討論金融市場投資規律並為個人或機構投資者提供理論指導。 -
It is hedging transaction that realizes the risk transferring function because the economic logics lies in that futures price is the expectation of the spot price. with the portfolio theory of hedging, the definition of optimal hedge ratio, the standard model of optimal hedge ratio and the effect of hedging are discussed thoroughly
套期保值的經濟邏輯在於期貨價格是對現貨價格的未來預期，本文運用資產組合套期保值理論，對最佳套期保值率概念、最優套期保值率的標準模型、套期保值效果進行了分析。 -
On the sequence and trend of portfolio theory
投資組合理論的發展脈絡及其趨勢 -
A comparative study of modern portfolio theory model
現代投資組合理論模型的比較研究 -
Portfolio theory introducing a value - at - risk constraint
引入風險價值約束的投資組合理論 -
Sequence and progress for the portfolio theory
投資組合理論的脈絡及發展 -
The markowitz ' s portfolio theory and its application in china
證券投資組合理論在中國的運用 -
The application of the portfolio theory in oil company
投資組合理論在石油公司投資項目中的應用 -
Chapter one reviews the theoretical literatures, some of which form the corporate irm solid theoretical foundations that involve utility function theory, risk portfolio theory, hedging theory, agency & bankruptcy theory, capm & option pricing theory, and risk society & risk culture theory
論文分析和介紹了包括效用函數理論、風險組合與分散理論、企業套期保值理論等經濟理論;包括markowitz的資產組合理論、資本資產定價模型、期權模型等金融理論;包括代理理論、破產成本理論、企業融資成本理論等財務理論。 -
Introducing risk - profit theory, portfolio theory and modern investment management theory, includes property - debt management theory, portfolio management theory and invest risk management theory. and analyzing the insurance portfolio. the second section studies on the insurance portfolio abroad and their features, summarizes their successful experience
介紹了風險-收益理論、資產組合理論以及現代投資理論中的資產負債管理理論、投資組合管理理論和投資風險管理理論在保險投資中的運用，分析了保險投資的組合情況。 -
This paper attempts to investigate the effectiveness of regulation on bank capital adequacy by applying alternative models, including flat - rate deposit insurance premiums, risk - based deposit insurance premiums, stochastic deposit interest rate and portfolio theory
摘要本文及針對銀行資本比率管製作一研究，分別考慮在單一存款保險費率、風險基準存款保險費率、存款利率?隨機變數，及投資組合理論等四種分析模式下，探討金融主管機關對銀行實施資本比率管制之效果。 -
The two - folded portfolio theory and the mathematical model on insurance company capital portfolio which have been put forth in this dissertation have a reference value on the investment and the insuring
總之，本文所改進的二重投資組合理論方法及所創建的保險公司資產組合的數學模型可為投資和承保活動所參考。 -
Since 1952 the markowitz ’ s mean - variance portfolio theory inception, sur - rounding this issue which how to measure risks, it has generated a lot of risk mea - surement methods and bring a lot of portfolio models, such as mean - semivariancemethods, mean - downside risk methods, mean - absolute deviation methods, mean - absolute semideviation methods, mean - absolute downside risk, and soon. 1999, duarte proposed a portfolio optimization uniform model that unifiedthe six methodologies mentioned above
自從1952年markowitz的均值-方差投資組合理論問世以來，圍繞著如何對風險進行度量這一問題先後產生了許多的風險度量方法，帶來了很多的投資組合模型，如均值-半方差法、均值-下滑風險方法、均值-絕對離差方法、均值-絕對半離差方法、均值-絕對下滑風險方法等等。 -
The behavioral finance involves human psychology and behavior, which is somehow a field with much uncertainty. but with the development of expectation theory and behavioral portfolio theory, the behavioral finance has made great progress despite those difficulties. disposition reaction is an important element of the behavioral finance
雖然由於行為金融學本身的涉及到人類心理與行為研究的難度，存在很多問題，但從20世紀80年代起，隨著期望理論及行為組合理論的提出，行為金融學已經獲得長足的發展。 -
In chapter3, information is divided into two basic types, the marginal equation of bond price and short - term interest variations is established, thus the security price variations and the price equilibrium of other assets ( risk security non - risk security are included ) are analyzed by the implement of portfolio theory. finally the bond value equation which takes equilibrium return as its yield parameter is established through the theory of comparative return. in chapter 4, the intra - information and the transferable system of price is emphasized and the market - maker model and expected model under non - perfect information market conditions are established, and the disaccord of the influence of extra - information and intra - information on the security price is discussed
第三章將債券的價格均衡劃分為兩大基本類型，建立了債券與短期利率變動的邊際方程，運用組合原理分析債券價格變動與其它資產（包括風險證券和無風險證券）的價格均衡關系，通過比較收益原理建立了債券以市場均衡收益為折現參數的價值方程，並通過實證檢驗了該模型的合理性；第四章，分析了內部信息與價格的傳導原理，建立了非完全信息市場條件下價格傳遞信息的做市商模型和預期模型，並討論外部信息與內部信息對股票價格影響的非一致性。 -
Classic portfolio theory deals with the situation in a single investment cycle
然而資產組合理論所解決的是在單個投資周期的情況。
分享友人