资产收益

Sure, slower global demand will crimp Chinese earnings, and US subprime exposure is denting Chinese banks' balance sheets.

确实，全球需求放缓会减少中国的收益，美国次贷危机对中国各银行的资产负债表也有影响。

The author finds that both the ownership structure and organizational characteristics have significantly positive impacts on dividend policy; the large shareholders have stronger incentive to distribute corporate cash, and force management disgorges free cash flow.

本文发现，股权结构（第一大股东持股、前二大股东持股和前三大股东持股）对现金股利发放概率具有显著的正向影响。公司各项组织特征（成长性机会、每股收益、每股留存盈余、资产规模和财务杠杆）也对现金股利发放概率具有显著的影响。

Demand for liquidity is unpredictable and, for banks, holding liquid assets means forgoing more profitable investments.

流动性需求是不可预测的，而对银行来说，持有流动性资产意味着放弃收益更大的投资机会。

Due to the above problems in ascertaining capitalization rates, it can be assumed that capitalization rate is one of the main factors in causing risks in REA. Thus, the ascertaining of capitalization determines the accuracy of profitable housing properties appraisal. On the other hand, it indirectly influences the rationality of the re-composition of capitals and the structural modulation. Furthermore, it influences the legitimate rights of the privies involved in real estate dealings; it influences the standardization of real estate markets; it influences the risks involved in real estate financing; it also influences real estate taxation.

因此资本化率的确定直接影响收益型房地产估价的准确性，间接影响资产重组和结构调整的合理性，影响房地产交易各方当事人的合法权益，影响房地产市场的规范性，影响房地产融资风险、房地产税的征管工作等各方面；而且目前，对资本化率的确定方法并不统一，有着多种做法，有时这些做法的估价结果相差极大，因此，对资本化率进行深入研究是非常有必要的。

Since 2000, according to BCA , the value of assets held in hedge funds, with their high fees and higher leverage, has quintupled.

自2000年以来，根据BCA，由于对冲基金的高收益、较高的杠杆率，其资产价值已翻了5倍。

Now they are starting to demand higher returns on riskier assets.

而现在他们开始想要来源于更具风险的资产的更高的收益了。

In these three processes, the valuating and the optimization have big theoretic meanings. They are the core process in the portfolio management research.

在这三个过程中各资产风险与收益的评估与投资组合的优化具有很大的理论意义，是投资组合管理研究中核心的过程。

The process of the portfolio management mainly includes the valuating of each property risk and return, the optimization of the portfolio selection, the scaling of the portfolio efficiency.

证券投资组合管理的过程主要包括各项资产风险与收益的评估、投资组合的优化与投资组合业绩的衡量。

Finally, the paper analyzed the theory and the actuality of Chinese tolling system, pointed out that there are two ways to enhance the efficiency of tolling system. The first is to improve the pricing theory, and a new theory focusing on the benefit of the road user is brings forward. The second is to improve the theory of road compensation. A thought of new method to compensate road capital is put forward, and the significance is explained.

最后，本文通过对我国公路收费制度的理论和现状进行分析，指出提高收费制度效率的措施有两个，其一是对我国收费标准的理论进行改进，提出了以使用者收益为核心的收费标准制定理论；其二是对公路资产补偿理论的拓展，提出了零基补偿的思路并分析了其对公路收费制度的意义。

According to BNY Mellon Asset Servicing, currency overlay managers have produced negative excess returns over one year, three years and five years, although they are positive over longer periods.

据纽约银行梅隆资产管理国际有限公司的数据，货币管理外包经理在1年期、3年期和5年期的投资中所获得的超额收益为负值，尽管他们更长期限的投资回报是正值。

I didn't watch TV last night, because it .

昨晚我没有看电视，因为电视机坏了。

Since this year, in a lot of villages of Beijing, TV of elevator liquid crystal was removed.

今年以来，在北京的很多小区里，电梯液晶电视被撤了下来。