资产收益

• Looking at returns on assets and equity between 1996 and 2003 , they conclude that the profitability of local banks serving single rural markets was dented by the presence of more broadly based competitors
  考察1996 - 2003年之间银行的资产收益率和净资产收益率，他们发现，由于涉足于更广阔市场的竞争对手的存在，服务于单一郊区市场的本地银行的利润受到蚕食。
• There are two keys : one is the profit which reflect the ability of produce , the other is to restore profit to property . there are three concrete valuation methods : profit restoring , remaining and valuing the transferring brands
  这个思路有两个要点：一是评估的依据为资产收益，它反映的是资产的产出能力；二是对收益进行本金化处理，即根据社会所决定的收益率把收益还原成资产。
• < wp = 8 > chapter 3 is the core of this paper , which focus on the chinese stock market informational efficiency . we try to explain why chinese market dose not possess the informational efficiency ( the first part of the resource allocation efficiency )
  上市公司融资量的上升并没有起到促使上市公司业绩保持持续增长的作用,相反,企业的上市融资往往与每股收益,资产收益率等反映企业盈利能力的指标存在明显负的相关性。
• One is that it is benefit to the preservation of cultivated land ; another is that depress the initial cost of construction land in favor of effective circulation of construction fund ; the third is that protect fanner ' s benefit and collective land asset
  一是集体非农建设用地流转有利于保护耕地；二是其降低了建设用地的土地初始开发成本，有利于建设资金的良性循环；三是有效地保护了农民利益和集体土地的资产收益。
• When the rate of total capital returns exceeds the average debt ratio , the financial leverage can be fully employed for more interest , for debt financing is more profitable than stocking financing . otherwise , it ' s unreasonable for the enterprise to float the loan
  当总资产收益率高于债务平均利率的情况下，可更多的利用财务杠杆得到更高的利益，这时举债融资比股票融资可获得更多的收益，否则，企业举债是不利的。
• Recently , zhaojibinhas stated that , “ in 2007 china railcom will mainly evaluate its various branches on their rate of return on capital , profit margin , labor productivity and utilization of equipments with the goal to ensure the value and increasing in value of national assets
  近日，赵吉斌表示， “中国铁通2007年对各分公司的考核重点将突出资产收益率、收入利润率、劳动生产率和设备利用率，下大力气确保国有资产的保值、增值。 ”
• Due to overburden left by improper system and lack of effective supervision on operation , china ' s banks found in pain when they confront with the competitions from their foreign counterparts . index of profitability , such as actual profit growth rate and profit margin , show that china ' s banks rank a low level , irrespective of their giant assets scale
  通过与全球其他大的银行比较可以发现，我国商业银行的综合实力和竞争能力相对较弱，在税前利润、实际利润增长率、资本利润率、资产收益率等反映经营效益的指标排名中都属于世界同业中等偏下的水平。
• Furthermore , we take the pension funds management problem in liaoning province as an application , to determine contribution costs and rates to make the deficit punishment lowest and the optimal asset allocation in the planning period considering future returns of varieties of assets , wage change and the uncertainties of pension funds payment
  进一步以辽宁养老金管理问题为背景，考虑了未来各种资产收益、工资变动以及养老金支付的不确定性，确定出计划期间缴费成本和赤字惩罚最低的缴费率和最佳的资产配置。
• In regards to techniques employed in active asset allocation , the author found that models applied in asset allocation can be divided into the optimal mean - variance model and risk averse asset allocation model , according to their different risk levels , and they can also be divided into linear asset allocation model and non - linear asset allocation model according to whether the asset return follows a normal distribution
  关于积极资产配置的技术，作者研究结论认为，积极资产配置模型按对风险的不同测度标准可区分为，均值方差最优化框架下的资产配置模型和下偏风险厌恶框架下的资产配置模型两类；按是否假定资产收益服从正态分布，可区分为线性资产配置模型和非线性资产配置模型。