凈風險 的英文怎麼說
中文拼音 [jìngfēngxiǎn]
凈風險
英文
net risk-
So we consider five financial indexes includes stock b / p, e / p, current stock size, current stock stru and financial levge by the international tradition, then descriptive statistical test method and cross section statistical test method proved that b / p and current stock size have marked effect on the securities yield besides coefficient b. in the third chapter, the article fut forward a risk factor model, estimates yield sequences of every risk factor by weight regression, and then estimates each risk factor coefficient of different stock by time sequence regression, at last we can reckon the portfolio risk o2p and yield rp which consists n stocks
結合國際慣例，文章考慮了股票的凈值市價比（ b p ） ，市盈率倒數（ e p ） ，流通規模（ size ） ，流通比例（ stru ）和財務杠桿（ levge ）等五個財務指標，應用描述性統計檢驗和橫截面統計檢驗等多種方法，結果表明，除系數以外，凈值市價比（ b p ）和流通規模（ size ）對證券收益率部有重要的影響。在論文的第三章，提出了一個基於多因素的風險因子模型，並用加權回歸和時間序列回歸等方法估計出了不同證券的各風險因子系數（類似於單指數模型中的系數） ，據此，即可衡量出一個包括n只股票的組合的風險_ p ~ 2和收益率r _ p 。Using the net assets per capital, the investment return rate, the t - m model, the h - m model, the single factor evaluating model which consists of the treynor index, the jensen index, the sharpe index and the square m index, we evaluate the performance of the twelve mutual funds. and we come to the following conclusions : ( 1 ) after the modification of the risk factor, our mutual funds in the recent one year outguess the market ; ( 2 ) better performance comes from the aid of the government, the improvement of the investment environment and the hard, smart work of the managers especially in the way of selecting some securities in the capital market. ( 3 ) though we make progress, there are still many problems which prevent the further development of our mutual funds such as the devise of the management fee and the characteristics of different funds, all of them divided into the subjective ones and the objective ones
通過使用投資基金單位凈資產和投資收益率指標、單因素整體績效評估模型，包括treynor指數、 jensen指數、 sharpe指數和業績的m ~ 2測度以及t - m 、 h - m模型對12隻樣本基金進行實證研究，實證研究表明： （ 1 ）經過風險調整后，在最近的一年中，我國證券投資基金的業績總體上優於市場基準組合； （ 2 ）基金業績的提高得益於管理層的重視、投資環境的改善和基金經理的經營，而基金經理的良好業績是通過一定的證券選擇來獲得的； （ 3 ）已成為證券市場上舉足輕重力量的基金在發展過程中雖然取得了一定的成績但其進一步發展還面臨著許多問題，有主觀存在的諸如管理費率的設定、基金風格方面的問題等等，也有客觀存在的諸如證券市場現階段的不完善等等，所以，我們應該抓住《證券投資基金法》問世帶給基金業發展的契機，大力促進證券投資基金規范發展，採取各種措施做大、做優和做強基金業。The new bulk settlement service will minimise settlement risk by eliminating the time gap between payments made by participating banks with net outgoing payments, and payments received by participating banks with net incoming payments
引入批量結算服務，將可消除參與銀行就凈付款額進行付款與凈收款額進行收款之間的時間差距，藉此減低結算風險。The paper applies the entropy theory to the analysis of investment decision and presents the methods of real weight combined the concept of entropy with decision - maker ' s subjective
以熵權的理論有效解決權重法中存在的主觀性，並以熵計算投資風險度，得出帶風險度的凈現值公式。Tts creativity consists in that the use of the quantiative index - - the atandard deviation of the npv can make the analysis reflect the prachce mor objechvely, and that it is a opeiilng system that new variables can be added into according to the practical conditions, which both increase the prachcal value of the system
它較已有分析系統的創新處在於：用凈現值的標準差來對房地產投資的各種風險進行定量化，使風險分析更加客觀地反映真實的經濟狀況。同時該系統模型還是一個開放的系統，它並不局限於某幾種風險的分析，可根據實際情況不斷加入新的變量，其實用價值較高。Thirdly, gap analysis, duration analysis, net present value analysis and dynamic simulation analysis, these four risk measurement techniques and how to use them are studied. and then, commerce tactics to manage and control interest rate risks and how to use them are researched detailedly. at last, an example which further illustrates how to manage and control interest a rate risks for commercial banks of china is given. interest rate risk management is a complicated job, so commercial banks should choose appropriate skills and measures to control interest rate risk effectively for keeping their earnings free of adverse influence of interest rate changes
本文首先根據巴塞爾委員會制定的利率風險管理的原則和西方銀行業的經驗，對商業銀行所面臨的利率風險進行了具體地識別分析；研究了敏感性缺口管理技術、有效持續期缺口管理技術、凈現值法和動態模擬法這四種商業銀行利率風險的衡量管理技術及其運用；然後對控制利率風險的具體管理策略以及如何運用這些管理策略來控制利率風險進行了詳細地分析研究；利用前面介紹的成果和方法用實例系統地說明了商業銀行應根據自身情況選擇合適的管理技術和策略，有效地控制利率風險。As a result, hong kong residents had run current account surpluses in order to accumulate substantial net foreign assets to smooth income and diversify risk
因此，香港居民為了累積大的境外凈資產，以減少收入波動及分散風險，故需要錄得經常帳盈餘。The second section introduces some common methods and evaluation indexes, such as net present value, internal rate of return, payback period, profitability index, etc. the present methods and evaluation indexes are incomplete, which mainly apply to the analysis on the determinate decision. in fact, they are mono - objective and most - favored methods
第二部分，介紹了投資決策中常使用的幾種指標和方法，如凈現值法、內部報酬率法、投資回收期法、現值指數法等，認為這些現行的投資決策評價指標很不完善，主要適用於確定型投資決策，並且實質上是單目標最優決策方法，對多目標風險型投資決策分析很不適用，甚至會導致錯誤的決策。Secondly in enterprise valuation cost method should proceed with book value of the financial statement, regard market value as adjusting orientation and reduce application range of cost method. when income method is adopted, four principles should be paid attention to : a : stage - by - stage income model should be used which is made by early stage income current value added by later stage income increase. b : net profit and net cash flow should be the majority of income volume
其次為：企業價值評估採用成本法應從財務報表的賬面價值入手、以市場價值為調整目標、減少成本法的應用范圍；採用收益法應以前期收益現值加後期收益額遞增的分階段收益模型，收益額以凈利潤、現金凈流量為主，收益預測以企業未來發展潛力分析為前提的銷售收入預測為主導，折現率堅持不低於無風險報酬率等四項原則，系數以回歸方程的測算為主；市場法中參照物企業選取應以同行業企業為基準、擴大數據來源，注重評估比率可靠性驗證、利用多種比率的配合等。The compensation of independent directors is positively correlated with company size, independent directors ' professional background and p / e ratio, and it is negatively correlated with the stock keeping ration of the largest shareholder and suit or arbitration risks
研究發現獨立董事薪酬與其職業背景、公司規模和市凈率顯著正相關，與第一大股東持股比例及所承擔的訴訟或仲裁風險顯著負相關。Although our country is now placed in the controlled interest rate period, the interest - rate risk is still ineluctable, which is mainly caused by internal and external facts, and the system fact plays an important role in the interest - rate risk, and thus our country ' s commercial banks suffer from the clean interest income and the loss of value market for this. meanwhile further and quickly marketed interest rate steps have a great impact on the commercial banks " external operating environment and internal management, which also puts forward the need of our commercial banks " interest - rate risk management
當前我國雖還處在管制利率時期，但利率風險仍然是不可避免的，主要來自於內外部兩種因素，其中外部的體制性因素起到了關鍵性的作用，我國的商業銀行並為此遭受了凈利息收益和市場價值的損失；同時，我國利率市場化步伐的進一步加快，影響了商業銀行的外部運營環境和內部經營管理，對我國商業銀行的利率風險管理也提出了迫切的要求。And then, it especially introduces the theoretical basis of pert predicted method and the technology of monte - carlo simulation, it ascertain the random variables of the model by analysing the uncertainty factors of economic effect index. and it brings forward random npv model in the light of basic npv model. using the theory of expected utility to evaluate the risk of project by the probability distribution of project ' s npv
通過分析影響項目經濟效益指標的不確定性因素，確定了模型的隨機變量；根據基本凈現值模型提出了隨機凈現值模型；通過項目凈現值的概率分佈運用期望效用理論對項目的風險進行評價。Based on the analysis of the current situation of the state medium - small - enterprise and the difficulties met during the stock reorganization of the high technology medium - small - enterprise, the article tries to provide possible solutions on the issues of definition of property rights, management of state assets, stock evaluation of commercial and non - commercial capital, disposal of enterprise debt and the use of land, and the settlement of retired people respectively. applying the modern theory of financial management, the article also gives its suggestion on the comprehensive evaluation on the companies during their stock reorganization and on the optimal allocation of capitals. according to the western experiences of developing high technology industries by venture investment and the prospect of the roles played by the forthcoming growth enterprise market, the article concludes that the sate medium - small high technology enterprises raising money from growth enterprise market through stock reorganization may be a shortcut for their development. a case of an " institute of automatization ", whose scheme was planned by the author for practice, is discussed throughout the paper
本文在對我國國有中小企業改革現狀的分析基礎上，針對我國國有中小高新技術企業的現狀及股份制改組過程中的難點，對產權界定、國有資產管理、經營性和非經營性資產的剝離、凈資產的折股、企業債務和土地使用權的處理、離退休人員的安置等等問題，分別提出了具體的解決辦法。運用現代財務管理理論，提出了股份制改組過程中的公司整體價值評價方法及最佳資本結構確定的方法。在分析國外利用風險投資機制發展高新技術產業的經驗及即將推出的二板市場相關內容基礎上，明確提出國有中小型高新技術企業通過股份制改組最終到二板市場上市融資是其快速發展的途徑。This article sets out the legal position on netting under hong kong law, the conditions under which the hkma will be prepared to recognise netting arrangements and the method of calculating the credit exposures on bilaterally netted transactions for capital adequacy purposes
本文列載在香港法律下凈額結算的法律地位，金融管理局會承認凈額結算安排的情況，以及就資本充足比率要求計算雙邊凈額結算交易的信貸風險的方法。( 3 ) for time - varying risk premium and industrial momentum, serial autocorrelation of factor returns including size, be / me, and industry contributes mostly to momentum profits, especially industry momentum
（ 3 ）時變風險溢價與行業慣性方面：公司規模、凈值市值比以及行業等因子的序列自相關性是慣性策略獲利性之主要驅動因素，尤以行業慣性顯著。Conclusions could be drawn out through a positive analysis of some port companies : the factors that have a positive effect on the strategic target are the rate of main business return, the velocity of the assets, while the capital structure and the rate of the increase of the increase of investment have little effect, which illuminate that the port company should focus on the main business to enhance the return of net assets, it also shows that the business of the list port companies is over - concentrated, and should be diversified to lessen the operating risk ; the companies should accelerates the turnover speed of the assets ; the appropriate structure of the assets can bring benefit to a company, but the ultimate approach to enhance the return of the net assets is to look for items with high return ; the sightless investment made the increasing speed of return lag behind the expanding speed of the capital ; and result in no scale economic benefit
本文通過對部分港口類企業進行計量分析后發現港口企業的資本結構和投資對凈資產收益率沒有顯著的影響，而港口企業收入過分集中。針對未來財務環境發生的變化，本文從戰略財務管理的角度對南京港口集團公司提出以下建議：在投資領域，今後應以綜合物流為契機，專業化與多元化並重；適度發展集團化經營；優化資源配置，提高資產營運效率。在融資領域，要合理選擇融資渠道，降低融資成本，更多關注債務融資；確定合理的資本結構，控制負債風險，建立償債保障機制。Which illuminate that the shipping company should focus on the main business to enhance the return of net assets, it also shows that the business of the list shipping companies is over concentrated, and should be diversified to lessen the operating risk ; the companies should accelerate the turnover speed of the assets ; the appropriate structure of the assets can bring benefit to a company, but the ultimate approach to enhance the return of the net assets is to look for items with high return ; the sightless investment made the increasing speed of return lag behind the expanding speed of the capital, and result in no scale economic benefit
本文通過對航運類上市公司進行計量分析后發現航運企業的資本結構和投資對凈資產收益率沒有顯著的影響，而航運企業收入過分集中。針對未來財務環境發生的變化，本文從財務戰略管理的角度提出以下建議：在投資領域，今後應以綜合物流為契機，專業化與多元化並重；適度發展集團化經營；優化資源配置，提高資產營運效率。在融資領域，要合理選擇融資渠道，降低融資成本，更多關注債務融資；確定合理的資本結構，控制負債風險，建立償債保障機制。Topics to cover include the time value of money, net present value and other investment criteria ; use of discount cash flow for investment decision ; risk and return of investment ; project analysis, corporate financing, capital structure ; financial statement analysis, financial planning ; working capital management ; cash and inventory management ; risk management
涵蓋的主題包括金錢的時間價值，凈現值和其他投資準則；運用現金流量貼現法作投資決策；風險及投資回報，項目分析，合作融資，貨幣結構；財務報表分析，財務計劃；營運資本管理；現金和存貨管理；風險管理。Investors in securitisation bonds need to be aware of the relativity between the net revenue of the assets involved and the amount of repayment required
購買證券化債券的投資者要注意資產凈收入與還款的關系。凈收入高於還款額的數額越大，投資風險便會越低。Article 20 for a hedging of interest rate risk, the enterprise shall, by formulating the maturity timetable of financial assets and financial liabilities, mark out the net risk of interest rate for each period and evaluate the hedging effectiveness accordingly
第二十條對利率風險進行套期的，企業可以通過編制金融資產和金融負債的到期時間表，標明每期的利率凈風險，據此對套期有效性進行評價。分享友人