报酬率

With the aging of the population, it is difficult to sustain and develop the system of accounting on the cash basis.

在完全积累制下，只有当投资报酬率适当增长时，养老保险才是可以持续的。

In particular, the banks with small-sized networks apparently have higher deposits per branch and saving deposits per branch, but their net deposit costs are so high that they deteriorate return on equity and asset quality.

此时，小型分行网络银行虽然有较高的每分行国内总存款与储蓄存款额，但其资金成本也相对提升，致使其在权益报酬率与资产品质方面明显恶化。

The results show that current ratio and quick ratio, cash flow ratio, total asset turnover and return on assets are the most important variables to provide significantly discrimination ability.

本文实证如下：在财务变数中以强调短期偿债能力的速动比率和流动比率、现金基础的现金流量比率指标以及经营能力和获利能力上之总资产周转率与资产报酬率等，於财务危机预警上占重要的区别能力。

This paper use five up and out warrants that have been issued in Taiwan, assuming the returns of their underlying assets follow the generalized autoregressive conditional heteroskedastic process. We can estimate their parameters by in-sample data, and simulate the price of underlying assets and also the theoretical price of the up and out warrants.

本文选取在台湾发行之五档上限型的认购权证假设其标的资产报酬率服从GARCH(1，1)模型，利用样本内的资料模拟GARCH(1，1)模型的参数，并利用估计出来的参数模拟标的资产样本外的价格以及上限型认购权证的理论价格。

The hypothesis of a constant correlation of volatility among markets is likely to be incorrect and unfit for real data.

过去大部分讨论股价与汇率间关系的研究，均著重在报酬率关系上，较少探讨波动性的关系。

To overcome the problem of limited market data on forward credit spread quotes, and to increase the accuracy in estimation, we propose a multinomial tree model in this paper and apply it on both European and Bermudan CDSwaptions.

相较过去文献上建构多元树必须配适标的资产对数报酬率之分配的多阶动差，本文建构多元树的方法仅需配适较少的动差，即可建构出任意分枝个数的多元树模型。

In the pricing of a Bermudan CDSwaption, by assuming that the forward CDS credit spread are log-normally distributed, Tucker and Wei (2005) illustrate some of their applications and propose a binomial tree valuation model.

而在百慕达式 CDSwaption 的评价中，Tucker and Wei (2005)提出了二元树状模型，在 CDS 远期信用利差之分配为对数常态分配假设下得到近似解，然而在此假设之下，只能捕捉到远期信用利差报酬率分配之一阶动差和二阶动差的性质以致於评价的结果缺乏弹性。

In part two, the empirical results indicate that the predictive ability of SGT is much better than GT、ST、t and Normal distribution. SGT can correct not only fat-tailed property, but also defects the low kurtosis of GT and t distribution. For the volatility of asset return setting, the assumption of volatility of assets price is more appropriate than Normal and asymmetric distribution which was often used.

第二部分以实证结果显示偏态一般化t分配的配适能力较一般化t分配、偏态t分配、对称t分配和常态分配为佳，亦即当金融资产报酬率存在高峰态与厚尾现象时，偏态一般化t分配不仅可以解决常态分配所无法捕捉到的厚尾现象，亦可修正一般化t分配与对称t分配无偏态的缺点，对於资产报酬率波动性之设定，比过去常使用的常态分配与对称的分配更为适当。

With this background, the paper is trying to make an empirical study on the information content of interim finance reports our listed company disclosed In the process of research, firstly, an analysis of cumulative average abnormal return is carried out Through testing the degree of deviation from zero of cumulative average abnormal return statistically in the certain test window in the days around the disclosure of interim surplus, the paper analyses whether the interim surplus our listed company disclosed has information content Secondly, an analysis of earning response coefficient is made.

在研究过程中，首先对我国上市公司中期财务报告会计盈余信息含量进行了累计平均超额报酬率分析，通过考察中期财务报告会计盈余公告日前后的某个特定研究窗口的累计平均超额报酬率偏离零的程度，对我国上市公司中期财务报告会计盈余是否具有信息含量进行初步的定性分析。

The bank managers can use the new expected return decision model of interest-sensitive assets portfolio to calculate the expected return of the portfolio.

三运用利率敏感性资产投资组合最适配置预期报酬率决策模式，可以迅速得知，下一个期间利率波动风险最小下之预期报酬率。

At the rear was an innovative combination transaxle with the gearbox, clutch, differential, and inboard-mounted drum brakes.

在后面是与变速箱，离合器，差的创新结合变速，和内侧安装鼓式制动器。

For more people can apprecaite and have the master work, there is reproduction painting appears in the market, the large various selection of paint,the high saturation of color plus the plentiful sfumato, to make the reproduction perfect copy and detail as original painting, so as to meet the requirment of amateurs who love art paintings,they do not need to pay high price to get classical paintings.

颜料色域广，色彩饱和度高，色彩层次丰富，图像色彩还原真实，能完美的复制原作，满足艺术爱好者欣赏，艺术爱好者们不用支付昂贵的价格就能拥有经典油画。