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But market efficiency is not the fact or truth, there should be three necessary conditions to attain market efficiency:(1) There should be enough investors to create liquidity;(2) there should be enough arbitrageurs to correct the distortion of market;(3) the information relative to the stock price must be obtained by all investors reliably, completely and timely.

然而,市场有效并不是想当然的一个既定前提或事实,市场达致有效的三个必要前提是:(1)有足够数量的投资者创造流动性;(2)有足够数量的理性套利者校正市场的扭曲;(3)与股票价格相关的信息必须可靠、完整、及时地被所有投资者获得。

Lehman Brothers was last night scrambling to shore up confidence in the Wall Street bank after investors gave a comprehensive thumbs-down to its survival plans.

雷曼兄弟昨晚匆忙设法提振投资者对这家华尔街投行的信心,此前投资者对该银行的存续计划普遍投下了反对票。

The deal was typical of those made by foreign investors who flocked to Taiwan in 2006 and 2007 to take advantage of a wave of government-led bank consolidations.

该交易为典型的海外投资者交易。这些投资者于2006年和2007年涌入台湾,以期利用政府主导下的银行整合浪潮。

Some economic analysts said that the global financial crisis faced by foreign investors in India so that the pressure on disinvestment, and the Indian financial center Mumbai attacks may be a further blow to investor confidence in the economy of India.

一些经济分析师说,全球金融危机使印度面临外来投资者撤资压力,而印度金融中心孟买遭受袭击可能进一步打击投资者对印度经济的信心。

Studies on the prudence of their stock preference will provide help to forming the prudent investment concept for Chinese institutional investors, and to giving some useful suggestions to our decision-makers and regulation system. So this paper is practically and theoretically important. Guided by above objectives, we make an empirical study on stock preferences of Chinese institutional investors. Our study is based on models and methods designed by S.G.

上述情况表明,我国监管层和学术界对该问题的重视不足,因此,对我国机构投资者的审慎性持股偏好进行实证研究,进而为机构投资者审慎投资理念的树立、为决策层、监管层的政策制定与监管实施提供参考意见,也就具有非常重要的理论价值和现实意义。

Y choosing prudent determinants and making cross-sectional regressions, they find that American institutions preferred stocks with prudent characteristics in the end of 1985. Secondly, S.G.

adrinath et al (1989)首次对机构投资者审慎性持股偏好进行实证研究,他们选择了一系列能够代表公司审慎性的特征变量,并在横截面回归后,得出美国机构投资者在1985年末的持股偏好具有审慎性的结论;二是S.G。

Before you begin to trade, you should obtain a clear explanation of all commission, fees, markups, markdowns

投资者未交易之前,应该了解清楚投资者将支付的所有费用,包括佣金、手续费、涨价、减价、延期

If 'naive' investors dominate the market, the government's job is also relatively straightforward: to convey an unambiguous message to the tens of millions of investors that neither the principal nor the return on their stock investment is guaranteed.

而如果幼稚投资者主导股市,政府的工作也较为简单,即明确无误地告知投资者,无论是他们的本金还是收益都不会得到保障。

Transfer of equities to other related enterprises or other transferees by an investor in the enterprise with agreement from other investors.

企业投资者经其他各方投资者同意向其关联企业或其他受让人转让股权

The next year, the district was established with $600,000 raised through business owners, who had their trepidations. They had heard the "Hollywood is back" storyline before.

第二年,这一地区获得了投资者们600,000$的投资,但投资者们仍然非常担心,因为他们曾经听过&重建好莱坞&这样的空头口号。

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歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车,和一双合并为一移交&整个lotta爱&。

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