助手标题  
全文文献 工具书 数字 学术定义 翻译助手 学术趋势 更多
查询帮助
意见反馈
   初始收益 的翻译结果: 查询用时:0.864秒
图标索引 在分类学科中查询
所有学科
金融
证券
投资
数学
宏观经济管理与可持续发展
更多类别查询

图标索引 历史查询
 

初始收益
相关语句
  initial return
     Uninformed investors earned an initial return of 0.265% that approachs to 0,although the average initial return is 130.63%.
     虽然平均初始收益为130.63%,但无信息投资者获得了接近于0的初始收益0.265%。
短句来源
     We examine empirically Rock's(1986) theory using data of 267 A-share initial public offerings(IPOs) in Shanghai from January 1,1999 through December 31,2003.Consistent with Rock's(1986) theory of adverse selection,the allocation rate was negatively related to initial return.
     运用1999-2003年来自上海证券交易所的267只A股首次公开发行股票(IPOs)数据实证考察了Rock模型。 与Rock(1986)的逆向选择理论一致,中签率与初始收益负相关。
短句来源
     At the end of the paper, By studying how IPO market in our country restrains speculations in the secondary market after Green-Shoe Option has been introduced and the mechanism of reducing initial return through cutting down the offeringprice and First Day's Closingprice, we point out the essentiality of introducing Green-Shoe Option to the IPO market of A shares and also make some corresponding strategies for underwriters.
     本文最后研究了中国IPO市场引入绿鞋期权后怎样抑制二级市场投机气氛,降低发行价格及首日收盘价格,使初始收益减小的机理,从而指出了目前在中国A股IPO市场引入绿鞋期权的必要性,并提出承销商相应对策。
短句来源
     Allocation Rate,Adverse Selection and Initial Return in IPOs
     首发新股的中签率、逆向选择和初始收益
短句来源
     At present, the initial return of A shares in China is very high, so researches in academic circles have become popular.
     新股初始收益一直备受学术界普遍关注,而目前中国的A股市场存在着过高的初始收益
短句来源
更多       
  initial returns
     Further cross sectional tests and three-factor regressions discover that offerings with smaller proceeds,higher initial returns and by larger issuers always suffer severer market deterioration.
     分组统计和三因素多元回归还显示,发行规模小、初始收益高、市值大以及“热市期”集中发行的股票弱势程度更剧烈。
短句来源
  “初始收益”译为未确定词的双语例句
     Pragmatic Studies of the First Day Revenue in IPO
     IPO首日初始收益的实证研究
短句来源
查询“初始收益”译词为用户自定义的双语例句

    我想查看译文中含有:的双语例句
例句
为了更好的帮助您理解掌握查询词或其译词在地道英语中的实际用法,我们为您准备了出自英文原文的大量英语例句,供您参考。
  initial return
Spectral analysis revealed an initial return of slow waves and spindles followed by continuous fast frequency activity.
      
The general effect of reactive hyperemia is to shorten the time intervals for initial return of tissue oxygen levels and the washout of accumulated lactic acid and to maintain tissue oxygen levels above steady-state values.
      
Investors should then expect a smaller initial return on the offering.
      
The median initial return was 5.0%, while there were negative initial returns in only 17% of the IPOs.
      
Spiderlings that had physical contact with their mothers for 3 and 5 days required significantly less time to enter the arena, to reach the central grid area of the arena, and for an initial return to the start box than spiderlings in groups 1 and 4.
      
更多          
  initial returns
Initial returns on mail questionnaires: A literature review and research note
      
The median initial return was 5.0%, while there were negative initial returns in only 17% of the IPOs.
      
Using data on IPOs that are issued in Japan during January 1975-March 1989, we examine the deliberate underpricing and overreaction hypotheses to explain high initial returns at offering dates.
      
The obtained results indicate that the deliberate underpricing theories which we examine are unable to explain the high initial returns on the Japanese IPOs.
      
However, there is evidence consistent with the hypothesis that for a certain minority group of IPOs, the high initial returns occur due to overreactions by investors.
      
更多          


This paper exams the initial returns of initial public offerings in Chinese stock market. Using the sample of 498 IPOs for the 1997-2000 period, we make a research on the statistic character of initial returns and excess returns. Findings show that highly initial returns and excess returns exist on all cross sections, and "legend of IPOs" is obvious. Further, we find various industries differently influence the initial returns of stocks. Meantime, the excessively high turnover on the initial-day indicate that...

This paper exams the initial returns of initial public offerings in Chinese stock market. Using the sample of 498 IPOs for the 1997-2000 period, we make a research on the statistic character of initial returns and excess returns. Findings show that highly initial returns and excess returns exist on all cross sections, and "legend of IPOs" is obvious. Further, we find various industries differently influence the initial returns of stocks. Meantime, the excessively high turnover on the initial-day indicate that flippers congest the stock market.

以 1 997年~ 2 0 0 0年间上市的 4 98只新股为样本 ,研究了在上市首日的初始收益和超额收益率的统计特征 ,发现在各个横截面都有很高的初始收益和超额收益率 ,“新股神话”表现明显 ,而且不同行业对股票的首日收益有不同的影响。同时 ,首日换手率过高表明我国IPO市场上充斥着短期寻利者 ,存在过度投机行为。

The paper is devoted to a positivist study of the long-run returns of Japan’s OTC market(JASDAQ)since the 1990s(1991-2001).By subjecting the holding period returns to various alternative benchmarks,a tendency of underperformance is found to be strikingly evident on that market within a period of one to five years after the initial public offering(IPO).Further cross sectional tests and three-factor regressions discover that offerings with smaller proceeds,higher initial returns and by larger issuers always suffer...

The paper is devoted to a positivist study of the long-run returns of Japan’s OTC market(JASDAQ)since the 1990s(1991-2001).By subjecting the holding period returns to various alternative benchmarks,a tendency of underperformance is found to be strikingly evident on that market within a period of one to five years after the initial public offering(IPO).Further cross sectional tests and three-factor regressions discover that offerings with smaller proceeds,higher initial returns and by larger issuers always suffer severer market deterioration.This evidence is well consistent with the irrational expectation and “market timing” hypothesis based on behavior finance.In view of the determinants of JASDAQ IPO underperformance,the paper ends up with some lessons and implications analysis for the future development of Chinese over-the-counter market.

本文实证考察了日本二板市场(JASDAQ)90年代以来股票首次公开发行后的长期收益。通过与多种参照系对比,该市场的IPO上市后1-5年的持有期收益表现出显著的弱势趋势。分组统计和三因素多元回归还显示,发行规模小、初始收益高、市值大以及“热市期”集中发行的股票弱势程度更剧烈。这些结果与投资者非理性预期和发行公司“择机上市”等行为金融学解释相符。最后,根据上述新股弱势与JASDAQ内在缺陷和日本经济衰败的必然联系,总结出我国今后发展创业板市场值得借鉴的启示和教训。

We examine empirically Rock's(1986) theory using data of 267 A-share initial public offerings(IPOs) in Shanghai from January 1,1999 through December 31,2003.Consistent with Rock's(1986) theory of adverse selection,the allocation rate was negatively related to initial return.Uninformed investors earned an initial return of 0.265% that approachs to 0,although the average initial return is 130.63%.The initial return earned by uninformed investors was affected not only by publicly known pre-IPO market return but...

We examine empirically Rock's(1986) theory using data of 267 A-share initial public offerings(IPOs) in Shanghai from January 1,1999 through December 31,2003.Consistent with Rock's(1986) theory of adverse selection,the allocation rate was negatively related to initial return.Uninformed investors earned an initial return of 0.265% that approachs to 0,although the average initial return is 130.63%.The initial return earned by uninformed investors was affected not only by publicly known pre-IPO market return but also by the turnover rate of stock transactions in the first day of trading.We find that the way of allocating IPOs by secondary market value of subscribers is against occurrence of adverse selection.

运用1999-2003年来自上海证券交易所的267只A股首次公开发行股票(IPOs)数据实证考察了Rock模型。与Rock(1986)的逆向选择理论一致,中签率与初始收益负相关。虽然平均初始收益为130.63%,但无信息投资者获得了接近于0的初始收益0.265%。无信息投资者获得的初始收益不仅受到发行前就已知的市场收益的影响,而且受到二级市场换手率的影响。文章发现:二级配售这种发行方式阻碍了逆向选择现象的出现。

 
图标索引 相关查询

 


 
CNKI小工具
在英文学术搜索中查有关初始收益的内容
在知识搜索中查有关初始收益的内容
在数字搜索中查有关初始收益的内容
在概念知识元中查有关初始收益的内容
在学术趋势中查有关初始收益的内容
 
 

CNKI主页设CNKI翻译助手为主页 | 收藏CNKI翻译助手 | 广告服务 | 英文学术搜索
版权图标  2008 CNKI-中国知网
京ICP证040431号 互联网出版许可证 新出网证(京)字008号
北京市公安局海淀分局 备案号:110 1081725
版权图标 2008中国知网(cnki) 中国学术期刊(光盘版)电子杂志社