stock economics 中文意思是什麼

stock economics 解釋
股份經濟學
  • stock : n 〈德語〉 滑雪手杖。n 1 （樹等的）干，根株，根莖。2 【園藝】砧木；苗木；原種。3 〈古語〉木塊，木...
  • economics : n. 1. 經濟學。2. （國家的）經濟（狀況）；經濟。
  1. 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。
  2. Chapter two, introduce the problems lies in the distribute of equity resource in the issuing market : problems of distribution inside the trade and among the trades, reorganization of listed companies, affection of issuing price to the distribution of equity resource, problems lies in the distribute of equity resource in the circulating market, use of the equity resource of listed company, analysis of distribute of equity resource in the stock market of china, state - owned economics administration system and regulation of stock market

    第二章，介紹股票?級市場股本資源配置中的問題：行業內配置的問題、行業間配置的問題、上市公司的重組方式問題、發行定價對股本資源配置的影響；股票二級市場股本資源配置中的問題：配股資源配置的問題、上市公司股本資源使用的問題；中國股票市場股本資源配置的總體效應和原因分析：國有經濟管理體制因素、股票市場管理規則因素。
  3. For this purpose, our country took a series of measures like deducting the dividend tax, providing the stock traders re - loans, etc. but the fading stock market remained the same. some scholars suggest loosing the current sound monetary policy, using the monetary transmission theory in western economics to analyze the relationship between money supply and the security market, in order to find a solution to this problem

    我國股票市場從2001年以來經歷了四年多的大熊市，面對萎靡不振的股票市場，部分學者建議適當放鬆目前穩健的貨幣政策，用西方經濟學中的貨幣傳導理論來分析貨幣供給量與股票市場的關系，找出解決問題的方法。
  4. Links to economics lecture notes, gauss, matlab codes, data, economics journals, economists, economics textbooks, education, stock market information and investors group

    -中國經濟學年會的官方網站，提供大量學術論文下載和經濟學各個方面討論，另外有論壇及學術資料下
  5. Links to economics lecture notes, gauss, matlab codes, data, economics journals, economists, economics textbooks, education, stock market information and investors groups

    -中國經濟學年會的官方網站，提供大量學術論文下載和經濟學各個方面討論，另外有論壇及學術資料下載
  6. In at least twelve stock offerings in which it was selected as lead underwriter from 1999 through 2001, morgan stanley paid at the direction of its investment banking clients approximately 2. 7 million of the underwriting fees to approximately twenty - five other investment banks as " research guarantees " or " guaranteed economics for research. " morgan stanley failed to ensure that these payments were disclosed. morgan stanley failed to establish and maintain adequate procedures to protect research analysts from conflicts of interest, and failed to adequately supervise the work of senior analysts, the content of their reports, and the reasonableness of their ratings

    300多年之後，當聯合國憲章問世之時，祈求和平的人類發出最強烈的呼聲： 「我聯合國人民，同茲決心欲免後世再遭今代人類兩度身歷慘不堪言之戰禍」莊嚴宣布「聯合國之宗旨為：一維持國際和平及安全，並為此目的，採取有效集體辦法以防止且消除對于和平之威脅，制止侵略行為或其他和平之破壞，並以和平方法且依正義及國際法之原則，調整或解決足以破壞和平之國際爭端或情勢。 」
  7. Stock was born more than 300 years ago. though there are more classical stock investment theories, those theories which apply morden arich to analyze the stock market with date triumplantly cannot be seen usually. this paper combination : the system engineering theories, the stock certificate investment theories, the statistics theories, the western economics theories. and the finance accounting theories, independence to bring up : the method of the coefficient change of the frame of reference, the energy theories of the stock market. and excerpt the analysis method of expectation - effect

    本文結合：系統工程、證券投資、概率論與數理統計、西方經濟學與財務會計學等理論，提出了：參照繫系數變動法，能量理論；引用了期望效用分析法以及即將撰寫的中值股票理論，股市風險理論等組成一個完整的股市預測與分析系統，希望為廣大股民提供一種簡單實用、準確及時的分析工具。
  8. First, there is no specific parameter for quantization ; second, the effects of transaction fee are ignored ; third, because these models are equilibrium models, they can ’ t reveal many of the prosperities observed in empirical markets, such as fat - tails, long - range correlations in volatility, etc. in the process of i study financial economics, when the teacher xu jia - gen to speak the price of the stock market to visit the distance examination and the artificial intelligence models, i think, if mathematics combines with the calculator. ( i studied mathematics four years in the southwest normal university ). the stock market price exercise regulation will easily confidence

    首先，沒有用具體的參數來量化股市的行為，其次，它們都忽略了交易費對股市的影響，第三，由於這些模型都是均衡模型，無法展示實際市場回報分佈的特點，諸如「肥尾」現象、集群波動等。在我學習金融經濟學的過程中，徐加根老師講到股票市場價格的遊程檢驗與人工智慧模型時，我想，如果數學與計算機的結合（在西南師范大學學習了四年數學） ，股票市場價格運動規律就容易把握了。
  9. The second one is the behavior of the stock market, which distinguishes the economics meanings between the stock investment and the stock speculation, and analyzes the effect of them to the stock market

    第2章股票市場行為，對股票市場行為進行了闡述，科學辨別了股票投資與股票投機兩者的經濟涵義，分析了兩者對股市的作用。
  10. 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。
  11. Third, this thesis tries to explain why non - competitive equilibrium and non - competitive return exist by institutional economics and suggests that indefinite capital ownership and dual structure of stock market are the institutional basis of non - competitive equilibrium and non - competitive return

    第三，嘗試用制度經濟學分析方法解釋中國股票市場非競爭均衡與非競爭收益存在的原因，指出資產所有權不明晰和股票市場二元結構特徵，是滋生市場非競爭均衡和非競爭收益的制度土壤。
  12. 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。
  13. Taking china national condition as a background, based on the information economics and the game theories et al., using the statistical analysis and forecast techniques as research tools, aiming at the special financial and accounting phenomena occurred in under - developed stock market systems in china to construct the theoretical models, make empirical research about the r & d investment and risks management, interests conflicts and information flows under the information asymmetry in the systems

    以我國的國情為背景，以信息經濟學和博弈論為基礎，以統計分析和預測技術為工具，針對我國不成熟股票市場中的特殊財務與會計現象，對信息不對稱下的利益沖突與信息流動進行模型構建與實證研究。
  14. Laboratory simulation to stock market by using economics experiments methods is applied in this dissertation. currently, there are seldom similar records about such experiments in the civil, natural science and arts science including game theory, economics, psychology and logic have been involved in the experiment program designs and experiment outcome analysis, this is one of important innovation in this paper

    本文運用了經濟學實驗方法對股票市場進行了實驗室模擬，目前在國內鮮有類似的實驗記錄，實驗的程序設計以及結果分析將涉及博弈論、經濟學、心理學、邏輯學等自然科學以及人文科學領域，這構成了本文的重要創新之一。
  15. As of late 2005, completed and entered the reform process listed companies had more than half the total market value, and shenzhen sme board had achieved fully circulation. all show that shareholder structure reform which resolves the largest historical problem besetting our stock market is in full swing, the chinese capital market is in a profound institutional change. in the process of this historic institutional change, systematic study of economics involved in the shareholder structure reform, will be the important guarantee of protecting the interests of parties investors, reducing costs and the successful completion of the reform

    在對前人文獻進行充分總結的基礎上，採用分量回歸模型研究了不同業績水平上市公司股權結構對其績效的具體影響關系;基於政策中性原則、利益均分原則、歷史回溯原則和行為金融學的市場投資主體慣性行為與非齊次預期假設，從不同的角度研究證券市場中均衡對價的確定原則，並利用市場中試點公司的數據對理論分析的結果進行實證檢驗。
  16. Adopting the analysis including comparative law, positive jurisprudence, social jurisprudence, economic jurisprudence and the related theories of economics, this paper introduces and evaluates foreign and the domestic relative legislations on manipulation and gives two explanations against manipulation from the aspects of economics and law. then the paper gives a clear concept of manipulation and divides it into three types according to the objective behavior. meanwhile, based on analysis of particular reasons and characteristics of manipulation of chinese stock exchange market, this article discusses the mechanism of prevention and relief of manipulation

    本文以證券交易市場操縱行為為研究對象，圍繞市場操縱行為的判斷與監管為中心展開論述，綜合運用比較分析、實證分析、法社會學分析、法的經濟分析以及歷史分析等方法，並藉助當代西方經濟學的相關理論，分析和評價國內外有關市場操縱的立法利弊，從經濟學角度和法學角度給出反對市場操縱的理由，對其概念進行明確界定並依其行為方式的不同予以類型化；分析我國證券交易市場操縱行為的原因和特點，在此基礎上，對我國證券交易市場操縱行為的事前預防機制與事後救濟機制進行探討。
  17. They visited bao steel company, shanghai biochip company, aig subsidiary in china, china pacific insurance company, china life insurance company, shanghai stock exchange market and the shanghai university of finance and economics. their activities in hong kong started today until 5 june

    交流項目於二零零五年五月二十七日至六月一日期間在上海活動，拜訪了美國友邦保險公司上海分公司、中國太平洋保險公司、中國人壽保險公司和上海證券交易，同時也參觀上海財經大學了解上海的保險教育和研究發展狀況。
  18. According to system economics, rpt increased the risks of the potential infringement of the minority stock holder ’ interests. while, according to the signal theory of the agency by agreement, fully reveal of the rpt, can offer more transparent accounting information

    根據制度經濟學的分析，關聯交易存在著潛在的侵害中小股東的利益的風險，而根據委託代理的信號理論解釋，充分披露關聯交易，能夠提供更加透明的會計信息。
  19. According to the common principle in institutional economics, non - tradable shares will lead to increase the exchange fare and the society cost, and decrease the efficiency of the resource configuration, along with the development of china ' s securities market, the reform of non - tradable shares is imperative under the situation. the article is divided into six parts : the first part explained the conception and the formation reason of non - tradable shares, it definitely pointed out the similitude and differentia among the reform of non - tradable shares, full circulation and state stock reduction

    本文從中國證券市場股權分置的成因入手，論述了解決股權分置的歷程和目前我國股權分置改革試點的總體思路及具體辦法;在此基礎上，對改革過程中管理層、非流通股股東以及流通股股東之間的多方博弈作了分析，並就這一改革對中國證券市場的完善和發展所產生的影響作了初步的探索。
  20. In order to service for the economy - structure modulating and the economy ' s continuous healthy developing, in this paper, a senior systemic investigation was proposed on the role of stockjobber for china stock market realizing its resources allocation function with the guide of information economics and market efficiency theory, combining with the writer ' s investment - bank practices and facts of china stock market first, guiding with theories as resources rarity, reasonable allocation and optimal utilization, and efficient - market theory, after analyzing the mechanism and model of resources allocation function of stock market, some necessary conditions were concluded for effective resources allocation function of stock market, such as : the precondition is that enterprises compete to win financing according to market admittance regulations ; necessary condition is enterprise ' s property right to be clear, independent and decentralized ; investors should have got necessary finance knowledge and should invest rationally ; financing company should be high effective ; market system should be perfect and distribute in reason with plenty finance products

    筆者結合自己所在企業從事的投資銀行業務案例，聯系我國證券市場的實際狀況，以信息經濟學理論和市場效率理論為指導，對券商在我國證券市場實現其資源配置功能中的作用做了較為系統的初步探討與分析，以服務於我國經濟結構調整，實現經濟的持續健康發展。本文首先在資源稀缺及合理配置與充分利用原則指導下，運用市場效率理論，分析了證券市場資源配置功能的作用機制和過程，總結了證券市場發揮資源配置功能應具備的一些條件：前提條件是企業按市場準入準則競爭進入市場融資；必備條件是企業產權的獨立、明晰和分散化；投資者應具備必要的金融知識和理性投資；籌資者須具備較高的效率；市場體系應提供豐富的金融品種、結構完善並分佈合理。
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