price earning ratio 中文意思是什麼
price earning ratio
解釋
高變動率-
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。 -
Price - earning ratio
市價盈利率 -
Empirical analysis of indirect impact factors on price - earning ratio in chinese stock market
中國股票市盈率間接影響因素分析 -
Suppose this was a public company with a per ( price earning ratio ) of say 10, such an act would make the company lost $ 30 million market capitalization with such move
假設這是一家上市公司，市盈率（股價每股盈餘）為10倍，那麼這樣的舉措將使公司市值損失3000萬。 -
They are based on ezcom tech s net profit after taxation of hk $ 87, 263, 004 for the nine months ended 31 december 2001 with an implied annualized price - earning ratio of approximately 3. 5 times. a special general meeting will be convened to approve the acquisitions
1 %股權時之訂價相約，乃是以易通新技術截至二零零一年十二月三十一日止九個月之除稅后純利87 ， 263 ， 004港元、約3 -
The fourth one is the research and application of the price - earnings ratio, which find some mistakes in the calculating method and the limitation in its application of the price - earning ratio ; this chapter brings forward the synthesis price - earning ratio, by which we can measure the contribution to the stock market of the stock speculation and the stock investment. the fifth one is the prospect of the stock market in china ; it analyzes several factors including china ' s entrance to wto, which can effect the development of our country ' s stock market and puts forward some opinions to the development trend of our county ' s stock market
第4章股票市盈率研究及其應用，通過對股票市盈率的技術經濟分析，發現股票市盈率計算方法有一定的缺陷性和在應用上具有一定的局限性后，提出了綜合市盈率的概念，然後通過對綜合市盈率在我國股市中的應用，計算出了近年來股票投資和股票投機對我國股市的貢獻度；第5章未來我國股市的展望，分析了對我國股市發展有影響的幾種因素及加入wto對我國股市的影響，最後對未來我國股票市場的發展趨勢提出了幾點看法。 -
Therefore, considering the development history, the current situation, the theoretical results and the practical experience of the developed countries, this paper defines the economics meanings of the stock investment behavior and the stock speculation behavior. based on the technique economics analysis of price - earnings ratio of the stock market, referring to the developing current situation and practical experience of our country ' s stock market over the past years, the paper puts forward the definition of the synthesis price - earning ratio which is more adapted to the common stock market, by which we can measure the contribution to the stock market of the stock speculation and the stock investment of the recent years
鑒於此，本論文以發達國家股票市場的發展歷史和現狀，以及其理論成果和實踐經驗為研究藍本，對股市中的股票投資和股票投機兩大行為進行了科學的界定；在參考國內股票市場近幾年的發展現況和實踐經驗，並在對股票市盈率進行了技術經濟分析的基礎上，結合股票市盈率和社會資本平均報酬率，本文提出了更適合評價一般股票市場的綜合市盈率指標，通過對它的應用，可量化近年來股票投資和股票投機對我國股市的貢獻度。 -
The estimate value of hensheng index, although its price earning ratio is approximate 21 times, is lower than the peak level of u. s. stock marketduring i. t. bubble times
恆生指數的估值（市盈率大約21倍）依然低於美國股市在網路泡沫時期的峰值水平。 -
The consideration represents a historical price - earning ratio of approximately 11. 3 times
是次收購代價，代表過去全年市盈率11 . 3倍。 -
Guo noted that people should be fully aware that the overseas securities markets are quite different from the domestic market, and that whether or not a stock is worthwhile buying does not depend on its low price or low profit - earning ratio
郭劍提出，必須充分意識到境外證券市場與國內證券市場有著很大的不同，而且某個股票是否值得投資並不取決于其價格便宜或市盈率低。
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