1) long-run abnormal returns
长期异常回报率
1.
The article analyses the method used by Chinese researcher in calculating and testing long-run abnormal returns(calculating long-run abnormal returns by market portfolio,testing by standard t test),point out its deficiency,gives new method to overcome it.
本文分析了中国学者在经验研究中采用的传统长期异常回报率计算和检测方法,即利用市场平均计算长期异常回报率,利用t检验检测的方法,指出了缺陷,介绍了新的长期异常回报率计算方法和检测方法,说明了改进的机理。
3) return rate on long-run holdings
长期持有回报率
1.
The return rate on long-run holdings is negatively correlated with the controlling shareholders\' subscription percentage (reflecting their motivation for tunneling) and the proportional balance of originally holding stocks,with a significant effect at the statistical level of 10%.
研究结果表明,融资非理性和股权融资偏好使其长期回报率出现了长期恶化趋势;控股股东和关联股东参与认购的企业长期持有回报率较低,但该影响并不显著;长期持有回报率与反映控股股东利益输送动机的控股股东认购比例与原持有股比例差额均存在负相关关系,且在10%的统计水平上显著。
4) long-term abnormal returns
长期异常收益率
1.
First, theoretical analysis is made on the difference and the adaptability of three models of measuring long-term abnormal returns, then simulation is employed to detect the utility of these models and the conclusion that TBHAR is better than the other two is made.
首先分析了CAR、BHAR和TBHAR模型用于度量股价长期异常收益率的差异及适用性,随后利用我国深沪两市A股市场的数据用随机模拟抽样的方法比较了三种度量方法的度量效果,指出TBHAR模型在度量长期异常收益率方面的可取性。
5) First-day abnormal return
上市日异常回报率
1.
First-day abnormal return of IPO, which is also referred as Underpricing, is one of the ten mysteries in financial study.
首先,本文详细介绍了IPO相关制度和其折价发行原因的基本理论;其次,描述了我国近几年的IPO的审核、定价、发行相关的制度沿革;最后对我国的2006年6月以来的股票市场IPO进行了实证分析,发现了我国IPO在牛市环境下招股到上市之间的时间间隔越长,IPO的上市日异常回报率越大。
补充资料：边际投资回报率
边际投资回报率：是指在各个投资量水平上，每增加1元投资一年能带来多少利润收入。
说明：补充资料仅用于学习参考，请勿用于其它任何用途。
参考词条