efficient market hypothesis (emh)造句
例句與造句
- 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(jīng)典金融理論中，有效市場(chǎng)假說( emh )一直是數(shù)量化資本市場(chǎng)理論的核心，同時(shí)也是現(xiàn)代金融經(jīng)濟(jì)學(xué)的理論基石之一。 - In this thesis , the efficiency of stock market is defined as two aspects : information efficiency and function efficiency . efficient market hypothesis ( emh ) has studied the relationship between stock price and information in stock market
本文將股票市場(chǎng)的效率界定為兩個(gè)方面，即市場(chǎng)有效定價(jià)(外部有效)的信息效率和市場(chǎng)有效運(yùn)行(內(nèi)部有效)的功能效率。 - Although the efficient market hypothesis ( emh ) is the core theory of the pricing efficiency of capital market , emh is " the revolution of rational expectation " in some meaning according to author ' s view
因此，在某種意義上，有效市場(chǎng)假說是金融領(lǐng)域的“理性預(yù)期革命” ，而預(yù)期又是建立在信息基礎(chǔ)上的。第三章較為系統(tǒng)地論述了資本市場(chǎng)效率的核心理論? ?有效市場(chǎng)假說的理論內(nèi)核。 - Fama and french wrote an article for the journal of finance in the year of 1992 . they thought that p is unrelated to stock return . this view is strongly against the key thought of capm and directly against the efficient market hypothesis ( emh )
1992年fama和french在《金融雜志》上撰文認(rèn)為，股票的系數(shù)和收益率之間基本上沒有關(guān)系，這一觀點(diǎn)抨擊了capm核心思想，并直接抨擊了有效市場(chǎng)假說。 - At present , the researches about pricing efficiency are all based on efficient market hypothesis ( emh ) both at home and abroad . but many researchers do not truly understand emh , and many concepts have not been clarified , even the existence and tenable conditions of emh have not been fully understood
目前國內(nèi)外對(duì)定價(jià)效率的研究均以有效市場(chǎng)假說( emh )為基礎(chǔ)，但是許多研究并沒有真正理解emh ，許多概念都沒有澄清，對(duì)有效市場(chǎng)的存在性和成立的條件也不甚理解。 - It's difficult to find efficient market hypothesis (emh) in a sentence. 用efficient market hypothesis (emh)造句挺難的
- In this paper , the newest empirical test of efficient market hypothesis ( emh ) was done in terms of the empirical test of capital asset pricing model ( capm ) . because of the logical relationship between emh and capm , we tried to use a new method to find whether the emh theory is available in china ' s stock market . we did our research on the basis of emh ( efficient market hypothesis )
本文從資本資產(chǎn)定價(jià)模型出發(fā)，首先回顧了有效市場(chǎng)假說的理論以及國內(nèi)學(xué)者在這一領(lǐng)域中的研究成果，其次用實(shí)證研究的方法檢驗(yàn)了該模型在中國的適用性，得到的結(jié)論認(rèn)為在目前階段中國股票市場(chǎng)還不適合用資本資產(chǎn)定價(jià)模型來確定資產(chǎn)價(jià)格，最后對(duì)中國股票市場(chǎng)效率不足的原因進(jìn)行分析并提出政策性建議。 - The forepart theories studying about the investors " behavior in the securities market are the classical financial theories as efficient market hypothesis ( emh ) and modern assets portfolio theory ( apt ) . but some abnormal phenomenon in the securities market could n ' t be explained by those classical financial theories . the rational man hypothesis and valid market theory are especially wildly oppugned
而早期研究證券市場(chǎng)投資者行為主要是有效市場(chǎng)假說（ emh ） 、現(xiàn)代資產(chǎn)組合理論（ apt ）等經(jīng)典金融理論，但證券市場(chǎng)中的一些異常現(xiàn)象卻無法用經(jīng)典金融理論來解釋，尤其是經(jīng)典金融理論中的理性人假設(shè)和有效市場(chǎng)理論更受到廣泛質(zhì)疑。 - Seasonality effect is the abnormal returns connected with the calendar . the existence of the seasonality is a strong challenge to the efficient market hypothesis ( emh ) . for that reason , among others , seasonality effect has been drawing enough attentions from both policy makers and market investors
季節(jié)效應(yīng)是指與季節(jié)相聯(lián)系的股市非正常收益，由于它在很大程度上違背了市場(chǎng)有效性的假說，因此對(duì)季節(jié)效應(yīng)的研究一直備受國內(nèi)外金融市場(chǎng)的投資者和管理者的關(guān)注。 - In the last chapter , we managed to put forward some useful idea to help develop the efficiency of china ' s stock market from the point of view of law , market and political system . in 50 ' s of 20 century , the famous professor eugene fama introduced the idea of efficient market hypothesis ( emh ) , which means that the information available on the asset market can be found in the price of assets without delay and fault
在效率市場(chǎng)中，投資者都利用可獲得的信息力圖獲得更高的報(bào)酬，證券價(jià)格對(duì)新的市場(chǎng)信息的反應(yīng)是迅速而準(zhǔn)確的，證券價(jià)格能完全反映全部信息，市場(chǎng)競(jìng)爭(zhēng)涉及的證券價(jià)格從個(gè)均衡水平過渡到另一個(gè)均衡水平，而與新信息相應(yīng)的價(jià)格變動(dòng)是相互獨(dú)立的，或稱隨機(jī)的。 - Traditional capital market theories are studied in the frame of neoclassical economics . as the core of neo - classical economics , efficient market hypothesis ( emh ) has always being the foundation of capital market theories . many classical capital market theories are developed on the basis of emh or on some bases closely related with it
傳統(tǒng)資本市場(chǎng)理論研究一直是在新古典經(jīng)濟(jì)學(xué)的研究框架下進(jìn)行，作為新古典經(jīng)濟(jì)學(xué)核心的有效市場(chǎng)假定( emh )是資本市場(chǎng)理論研究的基石，許多經(jīng)典資本市場(chǎng)理論都是在emh基礎(chǔ)上發(fā)展起來或與之有密切聯(lián)系。 - 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(chǎng)假說和分形市場(chǎng)假說為理論基礎(chǔ)，結(jié)合中國股票市場(chǎng)的現(xiàn)實(shí)情況(中國股票市場(chǎng)收益率不符合正態(tài)分布，市場(chǎng)屬于分形結(jié)構(gòu)) ，以分形統(tǒng)計(jì)學(xué)的相關(guān)方法為手段，對(duì)我國滬、深兩市的有效性進(jìn)行實(shí)證檢驗(yàn)，力圖對(duì)中國股票市場(chǎng)的有效性做出客觀真實(shí)的評(píng)價(jià)。 - The thesis , somehow , is a summary , which expounds the main contents of traditional portfolio theory ( tpt ) and mpt , also gives a comparison between tpt and mpt ; analyses two aspects of markowitz theory , one is the effects of risk disperses and the demonstration , the other is how to make an optimal portfolio strategy ; researches into capital assets pricing model ( capm ) , factor model ( fm ) and arbitrage pricing theory ( apt ) respectively in three parts ; studies another two parts , one is the premise of mpt , which is the efficient market hypothesis ( emh ) , the other analyses the behavior finance theory ( bft ) produced in the background of challenging and querying to emt and capm . the thesis finally discusses the researching and applying prospects of mpt in china
論文對(duì)現(xiàn)代資產(chǎn)組合理論與傳統(tǒng)資產(chǎn)組合理論分別進(jìn)行了分析，并對(duì)兩者進(jìn)行了比較研究，對(duì)馬克維茨的均值? ?方差理論從資產(chǎn)組合風(fēng)險(xiǎn)分散效應(yīng)和最優(yōu)資產(chǎn)組合選擇兩方面進(jìn)行了重點(diǎn)分析，對(duì)資本資產(chǎn)定價(jià)模型、因素模型、套利定價(jià)理論進(jìn)行了一定深度的分析和研究，對(duì)現(xiàn)代資產(chǎn)組合理論的前提假設(shè)? ?有效市場(chǎng)理論及在對(duì)有效市場(chǎng)理論和資本資產(chǎn)定價(jià)模型形成挑戰(zhàn)和質(zhì)疑背景下提出的行為金融理論進(jìn)行了論述，論文最后分析了現(xiàn)代資產(chǎn)組合理論在我國的研究及其應(yīng)用的廣闊前景。