1.Last but not the least, the covariance between stock liquidity and systematic liquidity, stock return and systematic liquidity, stock liquidity and market return have little explanatory power on cross-sectional stock return, but the volatility of stock liquidity does have significant influence on stock expected return.
股票流动性水平与系统流动性水平的协方差、股票流动性水平与市场收益率的协方差以及股票收益率与系统流动性水平的协方差这三个变量对股票期望收益率水平的解释力有限,但股票流动性水平的波动性对股票期望收益率有显著影响。
2.Then, according to the cause of formation analysis, find out that the influential factor of liquidity risk mainly derive from two aspects-the internal structure of asset and liability and external economic environment, affirm and quantitatively analyze the influential degree of these factors for liquidity risk by means of static index method, correlation coefficient method, liquidity gap method, consequently acquire the major influential factor of liquidity risk.
然后,结合成因分析,找出国有商业银行流动性风险的影响因素主要来自于银行自身资产负债结构和外部的宏观经济大环境两个方面,并分别利用静态指标法、相关系数法、流动性缺口模型法对影响因素对流动性风险的影响程度加以量化确认,从而明确现阶段流动性风险的主要影响因子。
3.On this basis, the authors think that there is no inevitable directness between the settlement of liquidity surplus of commercial bank and the development of capital market, and put forward some corresponding views to different reasons of the problem of liquidity surplus.
在此基础上,本文认为商业银行流动性过剩问题的解决与资本市场的发展并无必然的直接联系,并针对流动性过剩问题的不同形成原因提出了相应的几点看法。
4.With high frequency data and the market liquidity depth indicator VNET, the dynamic features and the determinative factors of market liquidity are studied, and the market microstructure theories are verified.
摘要使用超高频数据,并利用流动性深度指标,研究流动性的动态特征、影响因素以及检验市场微观结构理论,结果支持基于信息不对称下的市场微观结构理论。
5.It is argued that life insurance companies should not have to attach importance to liquidity short since they have been running based on the actuarial principle with long-time assets and liability and then would have no liquidity requirements.
在保险界,许多学者认为只有财产保险公司需要保持一定的流动性以防范流动性短缺问题,至于以寿险精算为产品设计要素的寿险公司,因其资产和负债以长期性为主,则不需要考虑相关的流动性问题。
6.According to the analysis of cash flows structure, enterprise ability to pay debt, liquidity, ability to obtain cash, earning quality and enterprise ability to develop, investors can know the liquidity of enterprise assets, judge enterprise financial position, predict enterprise future cash flows and invest rationally with the help of cash flows report.
通过对现金流量的结构、企业的偿债能力、支付能力、获取现金的能力、收益质量、企业发展能力等方面各主要指标的分析,可以了解企业资产的流动性,判断和正确评价企业的财务状况,预测企业未来的现金流量,帮助投资者进行正确的理性投资。
7.Only the liquidity risk measuring from investor standpoint can reflect the real market liquidity risk, and can satisfy investor.
本文认为站在投资者角度的市场流动性风险度量才能真正地符合投资者流动性风险管理的实际需要,也才能真实反映市场的流动性风险状况。
8.The adoption of theoretical research and empirical analysis methods to 2000-2004 Shenzhen Stock Exchange listed companies to disclose all the data for the annual report samples, try using a data-based panels linear regression model approach to the analysis of the operating performance of equity liquidity impact, On the whole industry, (including manufacturing) : uphold state share reduction for major measures to improve the liquidity of shares will help increase company performance;
本文通过理论研究和实证分析的方法,以2000年至2004年深圳证券交易所全部上市公司依法披露的年报数据为样本,尝试利用建立基于面板数据的线性回归模型的方法,分析了股权流动性对经营绩效的影响,从而得出结论,就全行业而言(包括制造业):坚持以国有股减持为主要措施来提高股权流动性,有利于提高公司经营绩效;
9.If there is good liquidity of SiMSCI Futures to start with, a virtuous circle can set in to draw in more hedgers and speculators, leading to even lower transaction costs and higher liquidity.
某君在这一刻对全盘股市看跌(涨),他可以立刻卖出(买进)指数期货。如果他在五分钟后改变了想法,他可以立刻买进(卖出)、把盘口给盖了;除了价差,只是损失了一点交易费用。
10.Liquidity is crucial when you are selecting a market to trade.
当你选择一个市场进行交易后,流动资金很关键。