1) CAR
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累积超常收益
1.
Empirical results show that funds holding stocks have a significantly positive cumulative abnormal return(CAR) before publicizing the funds holding portfolio,while holding stocks have a significantly negative CAR after publicizing;Funds holding stocks have some manifestly recognizable characteristics.
基于对1999-2004年我国封闭式基金重仓持有股票的收益结构特征、财务和非财务特征以及重仓股的可预测性研究,结果表明:重仓股在季度末基金持股信息披露前后的累积超常收益(CAR)分化显著,在信息披露之前[-75,-15]内有显著正的CAR,而在信息披露之后[15,75]内有显著负的CAR;重仓股具有明显的可识别特征,基金表现出一定的择股能力;重仓股具有较强的可预测性,Logit模型的预测结果总正确率达到92。
2) cumulative abnormal return
累积超常收益率
3) accumulative abnormal return (CAR)
累积超常收益率(CAR)
4) Cumulative abnormal return
累计超常收益率
1.
The result shows that the market overreacts to the offering announcement and the overreaction is more pronounced and persistent in the companies with larger offering price discount so the post announcement cumulative abnormal returns is significant lower for these companies.
发行后短期内高折价公司累计超常收益率显著小于低折价公司。
5) cumulative average returns
超常累计收益
6) cumulated abnormal return
累积异常收益率
1.
Conducting with the method of event study, this article chooses randomly about 200 stocks as samples in Shanghai A share market and calculates the cumulated abnormal return of noise traders by constructing the markup portfolios of positive feedback trading.
本文采用事件分析法,随机抽取了上海A股市场的近200种股票作为样本,通过构建正反馈交易的"涨幅组合",对噪音交易者投资的累积异常收益率进行检验。
补充资料:超常期传导
超常期传导
又称"超常传导"。在心脏传导系统明显受抑制时,发生的极短时间内意外的传导功能矛盾性的改善。其表现是在心肌激动之后的早期(绝对不应期),本应引起传导阻滞的时候,却反常地发生激动的传导;或在心肌激动之后的晚期(相对不应期),本应发生传导延迟的时候,却反常地发生传导改善。临床所见超常传导多见于房室交界区,其次是希氏束、浦肯野纤维。
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