证券市场

The two features result in the disjoint of the chain of "earnings-intrinsic value- stock price".

但国外普遍认同的"被遗忘效应"和"纳税效应"都无法对我国证券市场的"小公司效应"进行解释。

This paper is to study thelegal system of the disclosure of information in the view of the dissymmetry ofinformation between the shareholder and the corporate.

本文的出发点是从如何解决股东与公司之间的信息不对称问题的角度展开对证券市场信息披露制度的法律研究。

The history of foundation and development of the security business in our country is not long, so divestiture is a new form.

我国证券市场的建立和发展只有短短的十几年，资产剥离在中国是比较新鲜的事物，历史并不长。

The divestiture also gradually is becoming one kind of important tool to manipulate capitals for the listed companies.

而随着我国证券市场的建立和发展，资产剥离正逐步成为上市公司资产操作的一种重要工具。

Through compare theory and empirical analysis to China's securities market, the feasibility of VaR and CVaR application is demonstrated, the necessary of VaR and CVaR double limit risk management is born out, and the point of parameters chosen and other advices are given.

通过实证分析论证了将VaR和CVaR应用于我国证券市场风险管理实践的可行性，实行VaR和CVaR双限风险管理的必要性，并给出实际运用VaR和CVaR时计算参数选择的要点和其它建议。

Especially of orgnaization of a few big main finance close down, hit investor confidence badly, make security market enters 2 stage new round malign drop, course of study of the state-owend enterprise in bringing about is gone to abroad appear on the market be compared apparent effect.

特别是几大主要金融机构的倒闭，严重打击投资者信心，使得二级证券市场进入新一轮恶性下跌，导致中国企业赴海外上市受到比较明显的影响。

By defining ε-hedging strategy, applying duality principle of linear programming and martingale measure theory, we present a kind of calculation method for the seller's arbitrage price and the buyer's arbitrage price of capital asset in finite security market.

在定义ε-套期保值策略的基础上，采用线性规划对偶原理和鞅测度理论，给出了有限证券市场资本资产的卖方套利价格和买方套利价格的计算方法。

Secondly, we choose the proportion of shares held by institutions as dependent variable, and we use log of the total asset, volatility, beta, Jensen Index, debt-to-asset ratio, dividend yield, turnover ratio, years listed in exchange and HS300 Index dummy as explanatory variables. Then we set up a multiple regression model. Finally, we use the cross-sectional data from the end of 2006 to the end of 2007Q3 to test the relationship between the explanatory variables and the proportion held by institutions.

具体方法如下：首先，在已有研究成果的基础上，对我国机构投资者的审慎性持股偏好提出了两个假设；其次，以机构持股占个股流通盘的比例为因变量，以公司的总资产对数值、波动率、贝塔值、Jensen指标、资产负债率、股息率、年度换手率、上市年限为解释变量，并在引入沪深300虚拟变量后，建立了多元线性回归模型；最后，采用我国证券市场迎来历史性大牛市、机构投资者发展最为迅猛的2006年末-2007年3季末的四个横截面数据，对各解释变量与机构持股比例之间的关系进行了实证检验。

In China, earnings management has become more and more universal in listed companies with development of securities market.

在我国，盈余管理是伴随着证券市场的发展而产生的，现已广泛存在于我国的上市公司中。

With securities market development of our country, earnings management of listed companies becomes more and more common.

随着我国证券市场的发展，我国上市公司进行盈余管理的情况越来越普遍。

And Pharaoh spoke to Joseph, saying, Your father and your brothers have come to you.

47：5 法老对约瑟说，你父亲和你弟兄们到你这里来了。

Additionally, the approximate flattening of surface strip using lines linking midpoints on perpendicular lines between geodesic curves and the unconditional extreme value method are discussed.

提出了用测地线方程、曲面上两点间短程线来计算膜结构曲面测地线的方法，同时，采用测地线间垂线的中点连线和用无约束极值法进行空间条状曲面近似展开的分析。