allocation of funds
- allocation of funds的基本解释
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资金分配
- 相似词
- 更多 网络例句 与allocation of funds相关的网络例句 [注:此内容来源于网络,仅供参考]
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In the part of empirical analysis of Chinese IPO first-day return, the difference between existing study and this study is that we use principal components analysis to extract from five factors to construct investors'sentiment index, add it to controled varibles, on which we examine the influence of offering mechanism on IPO first-day return. Moreover, we gather statistics and compare the IPO holding return for lockup period between fixed-price-class offering method and bookbuilding-class offering method, as well as price range between Chinese A-share market and Hongkong stock market, which prvide comprehensive evidence to appraise Chinese IPO bookbuilding mechanism. 2. Compare to the existing literatures which consider discount or allocation, incentive allocation and discount are considered at the same time in optimal mechanism design in this dissertation, and the offering bottom price is introduced to the price range. We investigate the relationship between price range and allocation quantity, and obtain the optimal price range and allocation strategy so that the advantages of independent allocation are reflected. On the other hand, the disadvantages of independent allocation are reflected in the manipulation in case of no restriction on IPO allocation. To distinguish from the existing literatures, bookbuilding mechanism is introduced to the model. We study the allocation strategy adopted by the underwriter in the pooling equilibrium of manipulation. In addition, we analyze the incentive compatibility conditions to which the existence of pooling equilibrium should satisfy and examine some factors'impact on the existence of manipulation.3. In bookbuilding without independent IPO allocation, Chinese realistic IPO background is considered and the condition of bookbuilding and fixed-price hybrid offering is added. Divide bookbuilding and fixed-price hybrid offering into sequential hybrid and simultaneous hybrid, and point out that the key points of subscription strategy in the two kinds of hybrid are different. Through modeling and simulation we obtain the impact of institutional investors'subscription strategy on bookbuilding without independent IPO allocation, which fill the gap in related research. Moreover, in the part of IPO bookbuilding with over-allotment option, the pricing strategy is divided into hot-IPO strategy and weak-IPO strategy. Take into account the procedure of Chinese IPO with over-allotment option, it presents how the underwriter determines the pricing strategy and what effect it brings to offering price and issue size through modeling and simulation. Therefore, it is instructive as a complement to existing literatures.
此外,对我国A股市场询价发行方式与固定价格发行方式下的IPO锁定期到期时持有收益率、以及我国A股市场与香港市场的询价发行价格区间进行了统计比较,为评价我国IPO市场的询价发行提供了比较全面的依据。2、相比已有文献仅考虑折价和分配中的一种激励措施,本论文在有自主配售权下的机制设计中并用了分配与折价两种激励措施,并且在价格区间的制定中引入发行底价,考察了价格区间与分配量之间的关系,得到最优的价格区间和分配策略,从中体现自主分配权的优点;在有自主分配权下的操纵行为研究中则体现了自主配售权的弊端,与已有文献不同的是,在模型中引入了累计投标询价机制,研究了承销商在混同均衡操纵中采取的分配策略,并对操纵存在的条件进行分析讨论,得出各个因素对混同均衡操纵存在的影响。3、在无自主分配权下的询价发行中,充分考虑了我国实际应用的背景,加入了与固定价格发售混合的条件,并将询价与固定价格混合发行分为序贯与同步两种方式,指出机构投资者在两种情况下申购策略的侧重点各有不同,通过对序贯混合发行方式下的网下累计投标策略以及同步混合发行方式下的资金分配策略的模型建立和数值仿真,考察了机构投资者申购策略对无自主分配权下的询价发行的影响,填补了相关研究文献的空白;在包含超额配售选择权的询价发行中,将发行定价策略分为热销策略和弱销策略,在考虑了我国含超额配售选择权的发行流程下,通过建模以及数值仿真得出承销商会对发行定价策略作出怎样的选取,进而会对新股发行价格、发售数量产生怎样的影响,对目前相关研究的缺乏做出了有益的补充。
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This article analyzes the profit model of insurance companies in detail and validates the relevance between the prescripts which have been constituted by the China Insurance Regulatory Commission in the operation of insurance funds and the investment income of insurance companies through financial statements of the three companies, China Life, Ping An of China and China Pacific, which have been coming into A-stock market. It analyzes the relationship between the insurance company asset allocation and the funds income and risk of insurance companies by simulating the different insurance companies' earnings on different asset allocation and different equity investment yield, so as to arrive at the objective how to configure which prescripts to funds operation of insurance companies is reasonable, demonstrates the rationalities of insurance funds operation prescripts which have been constituted by the China Insurance Regulatory Commission, and considers the equity investment of insurance companies can be properly enhanced to thirty percent of total assets because China's economy will develop stably, chronically and at high-speed .
文中通过借助目前A股上市的中国人寿、中国平安和中国太保三家保险公司的报表详细地分析了保险公司的盈利模式,验证了保监会关于保险资金运用的管理规定与保险公司的投资收益率存在的相关性,并通过模拟在不同资产配置及不同股权投资收益率下保险公司最后的收益情况,用数据分析了保险公司资产配置与保险公司的资金收益和风险的关系,从而得出保险公司的资金运用怎样规定才是合理的,也论证了保监会对保险资金运用的管理规定的合理性,并认为在我国经济仍将长期稳定高速发展的情况下,可适当将保险公司的股权投资比例提高到总资产的30%。
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Meanwhile, we highlight several research corners for future further study, the trade-offs on resource allocation within perennial plant had not been proved, the relationship of neighbor effects and reproductive allocation was still not so clear for individual plant, there was no definite conclusion on perennial plant reproductive strategy under different neighbor effects and different habitats. The relationship between reproductive allocation and sexual allocation , the cause of resource distribution in anthotaxy structure, the similarities and differences of reproductive allocation and the maintain mechanism within all kinds of reproductivest rategy need a further investigation. In addition, a molecular study is required for explaining the variation mechanism and the biological meanings on seed size research.
指出生活史研究仍存在不足首先是研究内容上,资源分配在多年生植物中的权衡仍未被有力证明,邻体效应与繁殖分配的关系在个体水平上仍不明了,多年生植物在不同邻体效应和生境下将采取何种繁殖对策目前尚无明确的结论;繁殖分配与性分配之间的关系,引起花序结构上资源分配差异的原因,各种繁殖对策中繁殖分配异同与维持机制等问题仍有待于进一步的研究;种子大小的变异机制以及生物学意义仍未得到令人满意的答复,更需分子水平上的研究来解释其机理。
- 更多网络解释 与allocation of funds相关的网络解释 [注:此内容来源于网络,仅供参考]
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allocation of profits:內- 利潤分配 港- 溢利分配;盈利分配
allocation of funds 港- 分配款項;溢利分配 | allocation of profits 內- 利潤分配 港- 溢利分配;盈利分配 | allocation of quota 內- 額度分配 港- 配額分配
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circulate funds:融资
资金:funds | 融资:circulate funds | 经费:funds
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embezzle public funds:挪用公款
资金运行:running funds | 挪用公款:embezzle public funds | 养老基金:Pension funds