现代金融理论

20世纪60年代末问世的有效市场假设（EMH）理论是现代金融理论的基础，在开始形成的10年中，获得了巨大的成功。

EMH is the base of modern finance theory ; it has made great success in the past 10 years since its formation .

现代金融理论的进展综述

Review on the Progress for the Modern Finance Theory

CAPM导致了现代金融理论的一场革命。

CAPM has induced a revolution of modern financial theories .

利用现代金融理论中的资本财产定价模型（CAPM），分析融资项目的系统性风险，及因承担这种风险而得到的收益，据此对项目进行投资风险分析。

Uses CAPM to analyze systemic risk .

有效市场假说（EMH）自诞生之日起，就成为现代金融理论的一个重要基石。

Efficient Market Hypothesis ( EMH ) has become an important foundation of modern financial theory since it was founded .

有效市场假说（EMH）无疑是近现代金融理论最重要的基石之一。

Without doubt , Efficient Markets Hypothesis has become the most important foundation of the modern financial theories since the day Eugene Fama presented it .

有效市场假说（EMH）是现代金融理论的基石，由Fama（1970）深化并提出。

Efficient market hypothesis ( EMH ) is the cornerstone of modern financial theory , which was deepen and made by Fama ( 1970 ) .

在现代金融理论，与有效市场理论（EMH）相背离的最具代表性的异象便是过度反应。

In the modern financial theory , as the representative of the financial anomalies op-posite to the Efficient Market Theory ( EMH ) may be the overreaction phenomenon .

许多经典的现代金融理论和模型均是建立在理性人假设和Fama提出的有效市场假说这两个理论基础之上，其研究范式也局限于完全理性的分析框架。

Many classical theories and models of MF are based on the rational agent suppose and Efficient Market Hypothesis ( EMH ) put forward by Fama , which research pattern also localized on the analysis frame of complete rationality .

无套利原理是现代金融理论的精髓。

No arbitrage principle is the essence of modern corporate finance theory .

封闭型基金折价交易现象是现代金融理论中的一个异象。

Closed-end fund discount is an anomalous phenomenon in the modern financial theory .

现代金融理论的重要理论基础之一是均衡理论。

Equilibrium theory is one of the important pillars of modern Financial Theory .

有效市场假说：行为金融理论和现代金融理论

EMH : Behavioral Finance Versus Modern Financial Theory

现代金融理论与行为金融比较研究

Comparative Research on Modern and Behavior Finance Theories

现代金融理论的数量化趋势

On Quantitative Trend of Modern Financial Theories

资本结构理论是现代金融理论的重要基石之一。

The theory of capital structure plays a very important role in modern financial research .

面对金融复杂性的理论挑战：现代金融理论的困惑与出路

Facing the Challenge of Financial Complexity : Perplexity and Way Out of Modern Financial Theory

网络银行、电子货币的发展，必然会对现代金融理论和实践产生深刻影响。

The theory of Internet financial service is forming with the development of Internet banking and E-money .

西方许多商业银行开始探索运用现代金融理论、统计理论来定量评估和管理信用风险，开发出了新的现代信用风险度量和管理模型。

With modern financial and Statistical theories , western commercial banks have developed new models for credit management .

现代金融理论对套利的研究就是对不能获得套利机会这一假定的含义的研究。

Modern finance theory 's research on arbitrage is mainly focus on the supposition of no arbitrage opportunity .

作为金融理论研究的核心之一，波动率曾一度被学者们作为现代金融理论研究中对投资的风险度量。

As one of the cores of modern financial theory , volatility becomes a measure of investment risk .

作为现代金融理论的基石，有效市场假说对金融理论的发展起着至关重要的作用。

Being the foundation of modern finance theory , efficient market hypothesis is crucial to thedevelopment of finance theory .

投资基金也是这样一个里程碑，它促进了现代金融理论的突破，推动了金融制度的创新。

Investment Fund is such a milestone that it promotes breakthroughs in financial theories and innovations in financial institution .

本文的研究对于完善具有中国特色的现代金融理论，推进中国金融制度改革，建立有中国特色的社会主义市场经济金融体系，具有一定的参考价值。

The study of it not only promotes Chinese finance institution reform , but also perfects the Chinese-feature financial theory .

风险与回报的关系和风险定价成为现代金融理论的核心内容。

The relationship between risk and return on the pricing of risk has been becoming the key parts of modern financial theory .

现代金融理论的发展有赖于资本结构理论的演进，合理优化的资本结构对于现代企业而言无疑是至关重要的。

The development of modern financial theory depends on capital structure theory , the optimal capital structure is undoubtedly vital to modern enterprises .

现代金融理论认为，系统风险无法通过组合投资进行规避，承担系统风险被市场承认从而可以获得风险报酬；

Modern financial theories believe that systematic risks can not be avoided by portfolio and investors can gain risk returns by bearing systematic risks .

对于股票市场价格行为的解释一直是现代金融理论的核心问题之一。

The explanation of the behavior of stock market prices has been one of key questions of the modern financial theory all the time .

第三部分引入了现代金融理论、市场营销理论作为个人理财服务的理论基础，为光大银行个人理财业务的发展方向及营销推广提供理论指导；

In Chapter 3 , the modern financial theory and marketing theory is applied as the base of personal financing and the direction to marketing .

封闭型基金折价是一个一直困扰人们的难解之谜，它违背了有效市场假说，是对现代金融理论的一种挑战。

Closed-end fund discount is a puzzle which perturbs many people , for it violates the efficient market hypothesis and challenges the modern financial theory .