报酬率

"When returns on capital are ordinary, an earn- more- by-putting-up-more record is no great managerial achievement. You can get the same result personally while operating from your rocking chair. just quadruple the capital you commit to a savings account and you will quadruple your earnings. You would hardly expect hosannas for that particular accomplishment. Yet, retirement announcements regularly sing the praises of CEOs who have, say, quadrupled earnings of their widget company during their reign - with no one examining whether this gain was attributable simply to many years of retained earnings and the workings of compound interest."

当资本报酬率平平，这种大堆头式的赚钱方式跟本没什么了不起，你坐在摇椅上也能轻松达到这样的成绩，好比只要把你存在银行户头里的钱，一样可以赚到加倍的利息，没有人会对这样的成果报以掌声，但通常我们在某位资深主管的退休仪式上歌颂他在任内将公司的盈余数字提高数倍，却一点也不会去看看这些事实上是因为公司每年所累积盈余与复利所产生的效果。

" When returns on capital are ordinary, an earn- more- by-putting-up-more record is no great managerial achievement. You can get the same result personally while operating from your rocking chair. just quadruple the capital you commit to a savings account and you will quadruple your earnings. You would hardly expect hosannas for that particular accomplishment. Yet, retirement announcements regularly sing the praises of CEOs who have, say, quadrupled earnings of their widget company during their reign - with no one examining whether this gain was attributable simply to many years of retained earnings and the workings of compound interest."

当资本报酬率平平，这种大堆头式的赚钱方式跟本没什麼了不起，你坐在摇椅上也能轻松达到这样的成绩，好比只要把你存在银行户头的钱，一样可以赚到加倍的利息，没有人会对这样的成果报以掌声，但通常我们在某位资深主管的退休仪式上歌颂他在任内将公司的盈余数字提高数倍，却一点也不会去看看这些事实上是因为公司每年所累积盈余与复利所产生的效果。

"When returns on capital are ordinary, an earn- more- by-putting-up-morerecord is no great managerial achievement. You can get the same resultpersonally while operating from your rocking chair. just quadruple thecapital you commit to a savings account and you will quadruple yourearnings. You would hardly expect hosannas for that particularaccomplishment. Yet, retirement announcements regularly sing thepraises of CEOs who have, say, quadrupled earnings of their widgetcompany during their reign - with no one examining whether this gainwas attributable simply to many years of retained earnings and theworkings of compound interest."

当资本报酬率平平，这种大堆头式的赚钱方式跟本没什么了不起，你坐在摇椅上也能轻松达到这样的成绩，好比只要把你存在银行户头里的钱，一样可以赚到加倍的利息，没有人会对这样的成果报以掌声，但通常我们在某位资深主管的退休仪式上歌颂他在任内将公司的盈余数字提高数倍，却一点也不会去看看这些事实上是因为公司每年所累积盈余与复利所产生的效果。

Different types of innovative companies can have similar outstanding ROEs.

不同型态的创新企业可以获得同样的股东权益报酬率。

Operating cost rate of post-establishment significantly was lower then pre-establishment. Sales growth rate of post-establishment was significantly higher then pre-establishment. According this result, we can find Financial Holding Company to get operation synergy during 2 years.

在财务绩效方面，现金流量报酬率在设立金融控股公司前后并无明显改变；设立金融控股公司后营运成本率明显降低；设立金融控股公司后营收成长率显著高於为设立前；根据分析结果可以得知金融控股公司在设立后，经由2年来的整合，已经逐渐发挥营运综合效益。

The empirical results indicate that the level and curvature factors have significantly positive and negative effects on the investment performance of bond mutual funds, respectively. In addition, the effects of term structure movements on the real bond fund returns are less sensitive than those of the quasi money market fund.

实证结果说明国内债券型基金超额报酬率对於水平移动(β0)和曲度变化(β2)变动所带来的利率风险最为敏感；此外，固定收益型债券基金对於利率期限结构变动的敏感度，则较类货币型债券基金为低。

This study applies the model used in the research of Jones, Lamont and Lumsdaine(1998), Mavroeidis(1998). Then, it uses MA(1)-GARCH(1,1) to fit in these two models to explore the announcement effect of macroeconomic information in America to expected return, volatility, and shock sustainability of stock market in Taiwan.

本研究采用Jones， Lamont， and Lumsdaine(1998)及Mavroeidis(1998)於研究中所采用的模型，再以MA(1)-GARCH(1，1)配适以上两种模型后，来探讨当美国重大总体经济讯息宣告时，其对於台股的预期报酬率、波动度以及冲击持续性的影响。

Moreover, about the effect of the unexpected volatility, the spillover effect of the market return shock in America and Japan has a significant influence to the variance of the market return in Taiwan and Korea.

再者，非预期波动效果方面，美、日股市报酬冲击之外溢效果对台、韩股市报酬率变异数有显著之影响。

The rate of return on total assets is the best overall measure of the earning power of a corporation.

总资产报酬率是对公司盈利能力进行全面衡量的最好的指标。收藏反馈

The rate of return on total assets is the best overall measure of the earning power of a corporation.

总资产报酬率是对公司盈利能力进行全面衡量的最好的指标。

They weren't aggressive, but I yelled and threw a rock in their direction to get them off the trail and away from me, just in case.

他们没有侵略性，但我大喊，并在他们的方向扔石头让他们过的线索，远离我，以防万一。

In slot 2 in your bag put wrapping paper, quantity does not matter in this case.

在你的书包里槽2把包装纸、数量无关紧要。