That may be the best explanation of why the equity premium is so high – volatile assets need to show much higher returns to compensate for the pain of frequently seeing small losses. 这或许是对于股票溢价如此之高的最佳诠释&价格波动的资产,需要有高得多的回报率,才能补偿因频频目睹小额损失而造成的痛苦。
But will the premium go up when I get older? Revelation from "Increasing Returns" of Complexity Science 但我的保费会随着年龄增长而递增吗?来自复杂性科学报酬递增率的启示
Regression results of EGARCH ( 1,1)-M indicate that market exists the positive risk premium, but expected returns has low compensation to expected risk. EGARCH(1,1)-M模型回归结果表明,市场存在正的风险溢价,但是预期条件波动对预期收益仅有微弱补偿。
F1 racing during the premium years of tobacco sponsorship was generating significant returns. 一级方程式在烟草赞助的好日子里有着可观的回报。
If excess reserves were deployed in assets with a 3 per cent premium over returns on risk-free assets, benefits could tot up to as much as 1 per cent of gross domestic product for some countries. 如果超额储备所配置的资产回报率较无风险资产高3%,那么对一些国家而言,其收益合计可能高达GDP的1%。
How has your company generated premium returns? What does Management view as its strategic advantage? Is this advantage and positive economic performance sustainable? 贵公司是如何产生溢价回报的?管理层所认为的战略优势是什么?该优势和正向经济效益是否可持续?
Finally, this article draws two conclusions: there is negative relation between the equity premium and the covariance of consumption growth stock returns, therefore the investors must expect higher returns for higher risk premium when the covariance of consumption growth and stock returns is bigger; 最后,本文认为:股票溢价与消费增长、股票收益两者的协方差有正比关系,当消费增长与收益之间的协方差越大时,投资者必然要求更高的收益,得到更高的风险溢价;
However, due to the intrinsic value of the stock can not be directly observed, in order to facilitate research, there are two other concepts: IPO first day of premium and abnormal returns. 但由于股票内在价值不可直接观察,为了方便研究,就有另外两个概念:IPO溢价和首日超额收益率。
In domestic academic field, many papers have proved that there exists value premium in Shanghai and Shenzhen stock markets. Firms with higher BM ratio will earn higher returns in the future. 国内很多实证结果表明账面市值比效应在深圳和上海股票市场中都显著存在,高账面市值比的企业通常有较高的股票收益。
Market risk premium has the ability to predict fund returns but have low explanatory ability in explaining changes in future earnings and the volatility of the market risk premium has low power in changing the future yields. 市场风险指标对基金的未来收益有预测能力,但其对基金未来收益变动的解释能力较弱,市场风险溢价的波动造成的未来基金收益的波动也较小。