信息效率

企业信息效率分析

Analysis of Informational Efficiency of the Firm

我们讨论了债券和股票市场的信息效率，同时考察了利率波动的原因。

We discuss the informational efficiency of the bond and stock markets and examine the sources of interest rate volatility .

增强透明度对我国银行间债券市场信息效率的影响&以交易信息对流动性的影响为例

The Effect of Enhancing Transparency on the Information Efficiency of Inter-bank Bond Market

而外在效率就是有效市场理论所研究的信息效率。

The exterior efficiency is just the information efficiency studied by Efficient Market Theory .

金融生态的信息效率研究

The Information Efficiency Research of Financial Ecology

第四章研究股指期货对现货市场信息效率的影响。

Chapter four studies the impact of stock index futures on information efficiency of spot market .

本人认为，股票市场效率除了信息效率外，还包括资源配置效率。

In my opinion , the efficiency of stock market includes resource distribution efficiency besides information efficiency .

以法玛位代表的信息效率学派认为，一个具有信息效率的股市自然会具有资源配置效率。

Fama and other efficient market researchers have taken for granted the informational efficiency implies resource allocation efficiency .

因此，从二级市场信息效率角度研究资本配置效率问题不能回答信息披露与资本配置效率的实质关系。

So the research of information efficiency can not answer the real relationship between information disclosure and capital allocation .

市场价格信息效率有助于解决市场中的逆向选择问题，而市场道德风险问题的解决，则取决于上市公司公司治理结构的优劣和经营效率的高低。

The informational efficiency can mitigate the reverse selection problem and the agency problem will be solved by good corporate governance .

从定量化的信息效率来看，资产价值波动幅度与市场信息传递效率存在密切关系。

As to the quantitative information efficiency , the swing range of the capital value has close relation with the information-transfer efficiency of the market .

客户经理素质、银行组织结构和产品多样化是信息效率的主要影响因素。

The main influencing factors of information efficiency include the client managers ' capabilities , the structure of the bank and the diversification of products .

在对计算结果进行分析之后得出结论：股指期货的推出对于市场的信息效率没大的影响。

We get the conclusion that the launch of stock index futures has not much influence on information efficiency in the stock market through analyzing the calculation results .

这也在一定程度上说明，在信息效率上，上海A股市场并未达到半强式有效，对于无内幕信息的投资者来说，基本面分析仍为投资决策主要手段。

This evidence indicates that the information have not reached semi-strong strong efficiency . For investors without insider information , fundamental analysis is still the primary means of investment decisions .

在分析资本市场的信息效率时，首先从法玛的弱有效性检验出发，检验了上海证券综合指数的延续性，判定上海股票市场已逼近弱有效率；

According to Fama 's weak efficiency theory , the paper tests the continuity of Shanghai Securities Complex Index and arrives a conclusion that Shanghai share market is near weak efficiency .

基于这种现象，本论文探讨了影响金属商品国际定价权的重要因素之一&金属期货市场的信息效率，通过计量模型检验并比较我国金属期货市场的信息效率。

Based on this phenomenon , the paper explores one of the most important factors which impact the pricing of metal in international market , that is the information efficiency of metals futures market .

上海中医药大学的大量业务系统，在提高师生获得服务和信息效率的同时，也带来了许多不便。

In Shanghai University of Traditional Chinese Medicine there are multiple application systems , providing different services . These systems , while improving users ' efficiency in obtaining service and information , have caused great inconvenience .

但是，由于我国资本市场还不完善，容易受政府干预，资本市场反映信息效率低下，股票价格不能充分的反映企业的真实价值。

However , the capital market in China is not perfect , and vulnerable to government intervention , the capital market reflects the information inefficiently , stock prices can not fully reflect the true value of the enterprise .

再次，本文运用金融中介效率观，从交易效率、信息效率、管理效率、功能效率和制度效率等方面，进一步地解释金融中介之所以存在和发展的现实效率基础。

Third , using financial intermediary efficiency view , from transaction efficiency , information efficiency , management efficiency , function efficiency and system efficiency , the dissertation has further explained the realistic efficiency foundation of their existence and development .

通过分析信息效率向资本配置效率传导的条件，然后从产业资本形成的角度出发，利用协整分析方法对中国股票市场上的资本配置效率进行了检验。

The paper firstly analyzed the condition for the transit of information efficiency to the capital allocation efficiency , then tested the efficiency of the stock market mainly from the viewpoint of the formation of industrial capital employing co-integrated testing .

证券非公开发行以其减少交易成本、提高信息效率、有效消除信息不对称等作用，在资本市场中为发行人提供了一种具有吸引力的直接融资方式。

The securities of Non-Public Offering , as a method to reduce transaction costs and improve efficiency of information , and effectively eliminate the information asymmetry , provides an attractive direct financing way for the issuer in the capital market .

笔者通过模型构建系统分析投资者和投资经理之间的委托代理结构以及由此引发的道德风险、羊群行为和有限套利对提高市场信息效率的制约机制和消极影响。

It constructs models to fully analyze the restriction mechanism and negative influence on improving the market information efficiency imposed by principal-agent structure between investors and investment managers and the moral hazard , institutional herding and limited arbitrage arising in delegated investments .

文中第一部分回顾评价了资本市场效率的研究成果，对资本市场效率划分为内部交易效率、外部信息效率和宏观功能效率三个层次。

In the first part of the paper , the former research achievements of the study area is reviewed and evaluated . Then the efficiency of the capital market is classified into three types : interior exchange efficiency , exterior information efficiency , and macro-function efficiency .

资产价值的波动性越大，市场的信息效率越差。（4）不管是否存在涨跌幅限制，知情交易者的平均交易收益都多于非知情交易者，但这一点在统计上并不显著。

The bigger the swing range , the less the information-transfer efficiency of the market . ( 4 ) With or without price limits , the average proceeds of informed traders were more than uninformed traders , but there was not a statistically significant difference between the two scenarios .

计算机在处理信息方面效率极高。

Computers are very efficient at manipulating information .

根据对系统的性能评估，系统满足Web社区的搜索要求，可以提高在社区内查找信息的效率，为组织间的合作提供方便。

The search system improves the information retrieval performance in the community and makes the collaboration among organizations more effective .

经过初步实践表明，智能Agent用于提高信息检索效率和减小网络信息过载是可行和有效的。

Intelligent agent is doable and efficacious to increase the efficiency of information retrieval and to lighten network jam by preliminary practice .

针对系统的信息传输效率，提出了具体的基于时空混沌的码分多址通信系统模型，给出了基于混沌序列的保密通信方法，并与Gold序列码分多址的系统性能做了比较。

The particular model of CDMA communication system based on spatiotemporal chaos is proposed , which is based on the communication efficiency and the method of secure communication is given up .

考虑到多进制数字信号与二进制数字信号相比具有信息传输效率更高的优点，本文对输入信号为四进制PAM信号的情况进行了详细的研究。

Considering the higher efficiency of information transmission , however , we study the case of using quaternary PAM signal as input here .

正交频分复用技术（OrthogonalFrequencydivisionMultiplexing，OFDM）以其较高的频谱利用率和信息传输效率，以及较强的抗多径衰落的能力在无线通信领域得到广泛的应用。

Orthogonal Frequency Division Multiplexing ( OFDM ) has been applied widely because of its high spectrum utilization and efficiency of information transmission , as well as a strong anti-multi-path fading in wireless communications .