efficient capital market 中文意思是什麼
efficient capital market
解釋
有效的資本市場-
The success of venture capi tal market depends on an efficient exit mechanism, by which a high capital mobility can be maintained and the amount of venture capital can be multiplied. venture capital market is the best place to fulfill it
風險投資成功運作的關鍵在於有一套良好的退出機制來保持風險資本的高度流動性，使其在不斷流動中實現增殖並順利流動的最佳場所，是對傳統資本市場的創新。 -
Chapter 3 and 4 analyze the operation efficiency of china " s capital market. just like real economy, capital market allots resource by price mechanism. in 1965, american financial expert eugene fama presented efficient market hypothesis
但資本市場中，證券的價格同實體經濟中一般商品的價格的內涵及運行機理是不同的， 1965年美國金融學家尤金?法瑪（ eugenefama ）正式提出了有效市場假說（ efficientmarkethypothesis ）就是專門針對資本市場的價格波動而言的。 -
Firstly, this paper makes clear the meaning of stock markets " efficiency through different perspectives, and then introduces the efficient market hypothesis ( emh ) and fractal market hypothesis ( fmh ). as one important part of rational anticipation theory, emh is the foundation of capital market theories, but the linear paradigm of emh does not conform to the stock market realities
其基本的研究思路是：以有效市場假說和分形市場假說為理論基礎，結合中國股票市場的現實情況（中國股票市場收益率不符合正態分佈，市場屬于分形結構） ，以分形統計學的相關方法為手段，對我國滬、深兩市的有效性進行實證檢驗，力圖對中國股票市場的有效性做出客觀真實的評價。 -
It is generally accepted that high quality accounting information is the prerequisite and foundation of the orderly, efficient and well - balanced operation of the capital market
高質量的會計信息是資本市場正常、有序運轉的前提和基礎，審計人員則是高質量會計信息的合理保證者或控制者。 -
The efficiency of capital market has a significant influence on investors in their investment principal and method, on the government on its objective and way of governance. besides, efficient market hypothesis is a foundation of modern asset pricing theory, while there are many disagreements on market efficiency
股票市場的有效性直接影響到投資者的投資理念和投資策略，影響到政府市場監管的目標和方向；現代資產定價理論建立在市場有效性的基礎之上，關于資本市場有效性的各種觀點差別很大。 -
Until now, efficient market theory ( emt ) of securities market has the biggest influence on the working rules of capital market in western academia
證券市場效率理論是目前西方學術界在資本市場運動規律方面影響最大，也是證券市場研究的基本問題之一。 -
Among classics financial theory, efficient market hypothesis ( emh ) is the core of the quantity capital market theory all the time, and it is one of the theoretical foundation of modern financial economics at the same time
在經典金融理論中，有效市場假說（ emh ）一直是數量化資本市場理論的核心，同時也是現代金融經濟學的理論基石之一。 -
Efficient market theory provides theoretical framework for research on capital market
摘要有效市場理論為研究資本市場提供了理論框架。 -
According to the analysis of the reasons of equity financing preference, we know that the preference phenomenon is a rational choice of the listed company and control shareholders and managers. as we analyze in the paper, at present, the listed companies of our country has a preference of equity financing that is also a rational decision when the behavior bodies, such as the listed companies, the control shareholders ( esp. forbidden circulation shareholders ) and the managers, face with cheap equity financing cost, low efficient corporate governance structure and capital market
我國上市公司股權融資偏好在表面看來是一個有悖于發達國家資本市場一般規律的而發生於我國資本市場的一個奇特現象，但通過對其成因的探討后，我們發現股權融資偏好實際上是上市公司、股東或經理等行為主體，對其所面臨的環境約束的最優選擇和反應，是各種經濟主體在追求自己的利益最大化的情況下一個必然的博弈均衡。 -
The benefit analysis of corporate diversification gives birth to a new research field of internal capital market ( icm ), but as to the efficiency of diversification, most empirical studies show that investments of diversification are low efficient or non - efficient, which provides a direct basis for the reconstruction of the icm theory
摘要內部資本市場研究起源於多元化的價值歸因研究，但就多元化的投資有效性而言，基於內部資本市場視角的實證研究絕大多數結論是「多元化投資無效率」 。 -
But the writer believe that the efficient capital market hypothesis would be correct from long expect
但是筆者相信， 「有效資本市場假說」從長期而言仍然是正確的。 -
In addition, security analyst has important contribution to the construction of the efficient capital market and the rational allocation of the national saving
最後推薦股票中我們認為是存在著周內效應的，在每周的周四收益率為最低。 -
The advent of efficient capital market, combined with the money creation system guaranteed the long time decline of interest rates and the convenience of the credit
有效的資本市場和成熟的貨幣制度保證了利率在長期中的下降趨勢，並使借貸變得更為方便。 -
Analysis to the foundation of economics is tried by means of these theory : asymmetric information, externality, market risk and efficient capital market. the fourth section focuses on the function of civil liability in security transaction
對證券交易民事責任的經濟學根據，本文嘗試用信息不對稱理論、外部效應理論、風險理論和有效市場理論進行分析。 -
Firstly, this dissertation tries to analyze the theory basis of ids, based on the analysis of efficient capital market, some scholars from china has made empirical research on ids and drawn a conclusion that securities market is in a weak stage
本文首先分析了信息披露制度的理論基礎。以有效資本市場分析為立足點，我國有關學者通過實證研究得出結論，我國證券市場弱勢有效。 -
As a generation of special phase in the development of security market and joint - stock company, investment bank is a important body involving in capital market and mature financial system ; in the process of exploiting traditional and original businesses, it acts as a important media of capital supply - demand, innovator of financial instruments, server of capital increment, constructor of efficient capital market and propeller of resources allocation and industrial structure upgrade
投資銀行作為證券市場和股份公司發展到特定階段的產物，是資本市場運行和成熟金融體系中的重要主體；它在開展各類本源業務和創新業務過程中，起到了資本供求的媒介者、金融工具的創新者、資產增值服務者、高效資本市場的構造者、資源配置的優化者和產業結構升級的推動者的主導性作用。 -
I introduce the background of the merger of stale - owned enterprise, the process of the development, the present situation and the problems that exist in the process of the merger, pass the concrete case example fiom act to theory, from single to totally character. by using the method of combining theories with actual cases, further analyze the problems of the merger between the state - owned enterprises. finally, bring up some resolutions : solve the roles of the government in the merger of the state - owned enterprises, make the law system perfect, establish levels and efficient capital market, speed up the progress of the circulation of the state - owned shares
在對具體案例進行詳細分析的基礎上，結合西方學者關于兼并收購的理論和我國學者的企業兼并重組理論觀點，以及我國國有企業兼并重組的背景、國有企業兼并重組的發展歷程和現狀，對目前國有企業重組中存在的問題進行分析；通過具體的案例從實際到理論，從個性到共性，用理論和實際相結合的方法，進一步分析產生國有企業兼并重組中產生這些問題的原因，並提出自己的一些關于如何從根本上解決國有企業兼并重組中問題的對策和建議：解決政府在國有企業兼并重組中的角色定位；完善國有企業兼并重組的法律環境；建立多層次和高效率的資本市場，完善市場監管制度體系；加快國有股的上市流通步伐；企業重組后注重核心競爭力的培養。 -
The latter is growing more and more important nowadays, because it ’ s suited further with the market economy ; secondly, its theoretical basis are the theories such as the theory of efficient capital market, the theory of agency, the theory of information and the theory of competing capital market
美國的預測性信息披露制度就是自願披露模式的典範，美國對預測性信息披露的規范經歷了從禁止披露到鼓勵披露的過程。本文重點介紹了其中的安全港製度、預先警示理論和信息更新義務。 -
The paper comprises of two sections. the first section is brief introduction to the theories related to information disclosure, including information theory, principal - agent theory, economics of information, efficient capital market hypothesis, accounting theory. the second section is the special research of organization, demonstrating how to construct information disclosure system from the participator ' s aspect
論文主要包括兩大部分，第一章和第二章是文獻評述與基本理論研究，第三章到第六章是實務改革專題研究，具體而言，論文研究重點及作者的主要貢獻在於：其一，論文試圖回答「是什麼? what 」的問題，即何為信息披露制度框架。 -
Due to the serious and the existence of weak - efficient capital market, traditional incentive pay schemes only established on the base of these two models have the unavoidable faults, but the executive incentive pay schemes based on eva can supply a more feasible thought for us
由於嚴重的會計信息失真和弱有效資本市場的存在，單純建立在這兩種模型基礎上的傳統的激勵性報酬計劃存在難以克服的弊端，而基於eva經營者激勵報酬計劃的設計為我們提供了一條比較可行的思路。
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