stock price average 中文意思是什麼
stock price average
解釋
證券價格平均數-
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。 -
Investors who hold stocks with high dividend yields should be in low tax brackets relative to stockholders who hold stocks with low dividend yield. studying the relationship between dividends and stock price movements during 1995 to 2000, we find the average of the ex - dividend day price ratio is less than one
對1995 - 2000年數據的研究結果表明，股價變動與股利比的均值小於1 ，得出除息日股價相對于股權登記日收盤價下跌幅度小於每股現金股利。 -
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。 -
An index usually tracks a broad segment of a market and is measured against its base value while a stock average usually contains a smaller number of components and is recalculated daily to reflect price changes
一個指數通常表現一個市場中的大部分股票並以基數價值來衡量，而股票平均指數通常包含較少的股票並且每日都重新計算來反映價格變化。 -
Article 30 : if a listed company is to effect a share buyback by way of an offer, the offer price may not be lower than the arithmetic mean of the daily weighted average price of the said type of stock during the 30 trading days prior to the announcement of the buyback report
第三十條上市公司以要約方式回購股份的，要約價格不得低於回購報告書公告前30個交易日該種股票每日加權平均價的算術平均值。 -
Seasoned equity offerings of chinese listed firms were underpriced by an average of 11. 59 percent during last four years, from 1999 to 2002, with the discount decreasing substantially over time, which is opposite to the increasing tendency in american listed firms. consistent with uncertainly and asymmetric information theory, underpricing rate is positively related to the stock price volatility and the p / e ratio when issuing the seasoned equity offers
根據理論分析的結果，本文假設了這6個影響因素與上市公司增發折價率之間的相關關系：增發公司股價的波動性，增發時公司股票的市盈率和相對增發規模與增發折價率呈正相關關系；上市公司增發時的總市值、股本結構和股價與增發折價率呈負相關關系。 -
If the stock is issued according to the method that excessive price issues, want to consider to invest latent capacity state on average to decide excessive price range by the market, at this moment the mean city of all sorts of similar shares is filled with the stock market rate can serve as consult standard
假如股票按照溢價發行的方法發行的話，要考慮按市場平均投資潛力狀況來定溢價幅度，這時股市各種類似股票的平均市盈率便可作為參照標準。 -
Chapter ii introduces executive stock option system, and analyzes its causes and effects ; chapter iii explain executive stock option system from the perspective of economics and explore the theoretical basis which executive stock option system existence in ; chapter iv discusses how to design executive stock option system, including the inherent elements of the design and construction of the external environment ; chapter v applies the average price stock option and “ certainty equivalent value ” in executive stock option system. chapter vi discusses executive stock option system in our country ’ s enterprise applications, analyzes the necessity our country ’ s enterprise to use executive stock option system and the problem exists in implementation, proposes from the second board to impel executive stock option system construction
本論文第二章是經理股票期權制度的概述，介紹經理股票期權的發展狀況，並分析其成因和效應;第三章從經濟學的角度來解釋經理股票期權制度，從理論的高度來探討經理股票期權制度存在的理論基礎;第四章對經理股票期權的制度設計提出建議，包括內在構成要素的設計和外部環境的建設;第五章主要將平均價格期權和「確定性等值法」應用於經理股票期權;第六章是經理股票期權制度在我國企業中的應用，分析我國企業採用股權激勵機制的必要性和實施中存在的問題，提出了從創業板企業入手，推動我國經理股票期權制度建設的思路。 -
This paper precedes analysis by examples on investment income in shanghai and shenzhen stock market from 1994 to 2005 by investment strategies with financial ratios as decision basis, inspecting average rate of return of various investment strategies, standard deviation for investment income, sharpe ratio of reward to risk, and analysis on these results. financial ratios in research include : price - to - book ratio, price - to - earnings ratio, price - to - sales ratio
本文主要對以相對估價法為決策依據的投資策略在滬深兩地a股市場1994年至2005年的投資收益進行實證分析，考察各種投資策略在這11年間的總收益、年度復合收益率、收益標準差、收益的夏普風險指數，並對結果進行了分析。
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