下水平

Based on the relationship between the risk-aversion coefficient and the confidence level in VaR, liquidity-adjusted VaR at any confidence level was obtained.

由于投资者风险偏好系数和VaR下的置信概率水平具有一一对应关系，可以通过最优路径集下执行成本的期望和标准差组合曲线来获得不同置信概率下，经过流动性调整后的VaR。

We show that there is a critical capacity level below which the outcomes under both types of contracts are identical.

我们证明存在一个临界能力水平，低于该水平这两种协议下的结果将是相同的。

Based on the hypothesis that constant returns to scale,this paper uses cyclic estimate method of frontier cost function to indirectly...

因此，通过提升技术效率，在要素投入水平不变的前提下，能大幅改善产出水平，这将是辽宁省完成节能降耗指标的主要途径。

Results Punctiform erosion, hemorrhage were observed by nake eyes in each groups. Epithelium cellular necrosis, defluxion, neutrophil being dominant in propria lamina and intact glandular were observed with microscopy. The erosion became severe with the successive stimulate of ethanol. There is no difference between distillate spirit and sodium chloride rats in Guth in 7th day, but Guth in distillate spirit rats was higher than that in sodium chloride rats in 30th day. PGE2, TGF-α contents in gastric mucosa of treated group increased significangly compared with control group. PGE2 showed no difference between each group in 7th and 30th day; TGF-α in gastric mucosa of distillate spirit and sodium chloride rats decreased after 1 month.

结果 茅台组、乙醇组、生理盐水组胃黏膜均肉眼可见程度不同的点状糜烂、出血；光镜下黏膜部分上皮坏死脱落，固有层以中性粒细胞为主炎性细胞浸润，腺体结构基本完整，病变随时间延长有所加重，Guth积分1周茅台组与生理盐水组差异无统计学意义，1月两者相比差异有统计学意义；茅台组、乙醇组胃黏膜组织内PGE2水平与生理盐水组相比明显增高，同时TGF-α表达增强；但PGE2水平各组间1周与1月相比差异无统计学意义；TGF-α表达强度在茅台组、生理盐水组1月后逐渐降低，差异有统计学意义。

A continuous strain hardening-softening model of dilatant sand named "SHSOVOD", and FLACish language of FLAC3D software were put together to perform the numerical analyses. The results of matrix-arranged anchors placed in different horizontal spacing are compared with the results of single anchors.

数值分析乃利用砂土之连续应变硬化-软化与体积膨胀模式，简称SHSOVOD模式，配合FLAC3D语言FLACish进行群锚受力行为分析，同时比对群锚在不同水平间距下的分析结果与单锚之受力行为，以了解砂土中垂直扩座地锚锚碇力受水平间距之影响。

Following such study clue, I gradually introduced the factors that should be taken into account in discretionary disclosure and integrated all the theories in a frame. Firstly, I introduced the concept of "proprietary cost" and analyzed the level and strategies of disclosure which were taken by firms.

本文按照逐步引入影响因素的方法将现有的理论串成一线：首先引入"专有性成本"这一因素，分析了专有性成本理论框架下公司选择性披露水平及决策问题；在此基础上，引入了产品市场竞争因素，分析了不同产品市场竞争环境下公司的选择性披露决策；接着，笔者又将金融市场竞争因素引入，解释了为什么上市公司事实上并非完全遵循产品市场竞争环境下的披露策略，而会出现披露的"羊群行为"。

Also it is found that the industrialization level is the primary factor of the diversity in the current regional industrial structure of China.

通过对聚类结果进一步的分析得到，在目前的经济水平下，工业化水平是中国地区产业结构差异性的主要因素。

This paper suggests that moderate size of divi dends payment is what on condition that the target debt/equity ratio is unchanged,can satisfy the demands of corporation's investment...

文章认为适度股利支付水平应是：在目标的负债/资本比率条件下，满足公司盈利性投资需求而能达到融资成本最低、股权结构稳定，进而实现公司价值较大幅度提高的可操作性的水平。

The drag force s are the major forces that make the object move in the horizontal direction.

抛筑在水流中的块体，在水流作用下一般受到水平拖曳力和垂直上举力的作用，其中水平拖曳力是促使物体运动的主要动力。

To all fertilization treatments, the accumulation process of dry matter could be well fitted in the exponential equation y=aeb/x. Moreover, with fertilization amount rising, the a's value raised and b's remained stable.

不同施肥水平下的干物质积累过程均可以用指数方程y=aeb/x很好拟合，而且方程中的a值随施肥水平提高而增大，b值基本稳定。

As she looked at Warrington's manly face, and dark, melancholy eyes, she had settled in her mind that he must have been the victim of an unhappy attachment.

每逢看到沃林顿那刚毅的脸，那乌黑、忧郁的眼睛，她便会相信，他一定作过不幸的爱情的受害者。

Maybe they'll disappear into a pothole.

也许他们将在壶穴里消失