除法溢出 的英文怎麼說
中文拼音 [chúfǎyìchū]
除法溢出
英文
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In segmented capital markets, the law of one price doesn ’ t work. it is found that the foreign class shares typically sell at a premium in relative to the domestic class shares that can only be owned by the domestic investors in most emerging markets, but china is an exception, the chinese foreign class b - shares are traded at a discount relative to the domestic class a - shares. based on lots of relevant previous research, the thesis theoretically and empirically analyses the price difference between a and b share, trying to find out the influence factors of the price difference between a and b share
在存在中度和高度市場分割的國家，由於投資者無法通過市場間的套利行為來消除不同市場的證券價格差異，如果一家公司的股票在割裂的兩個市場同時上市，其價格並不滿足「一價定律」 :供國外投資者交易的「外資股」相對于供國內投資者交易的普通股票的價格肯定會出現溢價或折價，此即所謂的「市場分割下的外資股折溢價問題」 。Based on the conclusion of the first time ' s studying, i carry through the markov process again. then there will be some conclusions about my study as followed : 1 ) it is no use to just copy the theories abroad, for the companies in china are different from those abroad. 2 ) the method of estimating the equity risk premium through the history data could work out the average history equity risk premium, but it ca n ' t explain the characteristic that the equity risk premium vibrate with time. 3 ) by studying, we know that the level of equity risk premium in chinese stock market about one week is positive usually
利用上述模型，我們進一步對我國股票市場的股權風險溢價進行短期的預測，在預測過程中，本文使用了兩次馬氏鏈進行研究，通過第一次將一些市場中幾乎不會出現的特殊點去除，在第一次的基礎上進行第二次馬氏鏈分析，並進一步得出了相應的研究結論： 1 ）照搬國外有關股權風險溢價的理論應用到我國股票市場上是草率的，國外的理論雖然比較成熟了，但由於種種原因，這些理論還是無法應用於中國的股票市場。The u. s. court of customs and patent appeals ruled last year that any corporation that creates a new form of life in the laboratory ? in the particular case, an “ oil eating ” bacteria for cleaning up oil spills ? can patent it
美國海關及專利權上訴法院去年規定，任何公司在實驗室里創造出的新生命形式?當時特指清除溢油的「吃油」菌一例? ?均可申請專利。
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