To set rate of equity returns is a critical step for long-term investment decisions,but in a realistic irrational world,it s not easy to do that using CAPM familiar in standard financial theory.
确定股权回报率是进行长期投资决策的关键步骤,但在现实非理性世界中难以直接运用传统财务理论所推荐的资本资产定价模型来确定股权回报率。
In order to disclose the long-term ROI of Chinese A-Share stock markets, SSE 180 Index is selected as the representative of Chinese A-Share stock markets and its pidend yield, return on right offering, capital gain and return on investment, paper.
为了全面地反映我国A股市场长期投资回报的高低,选取有代表性的上证180指数,计算其成份股从1993年至2002年的股利回报率、配股回报率、资本利得和投资回报率。
Hoarding（囤积） so much is inefficient: companies reduce their return on equity by having too little debt.
积聚如此之多的资金不利效率：公司负债极少，股本回报率因而降低。
For a highly indebted corporate sector, this makes a huge difference to returns on equity.
对于负债累累的企业界而言，这会对股本回报率产生重大影响。
Return on Working Capita
资本运用回报率 (%)
The Cost of Capital and Return on Corporate Investment of A-share Listed Company;
A股上市公司的综合资本成本与投资回报——从内部报酬率的视角观察
In these cases the company cost of capital and the expected return on the stock are the same thing.
在这些例子中，公司资本成本和股票的期望回报率就是一回事情。
The returns obtained from investing in a share can be broken down into two components - capital gain and pidend yield.
投资股票的回报可分为两部分——资本增值和股息率。
If the share price does not change, then the investment return is equal to the pidend yield.
若是股价不变，那么，投资回报率只等于股息率。
Risk Adjusted Return on Capital (RAROC)
风险调整资本回报率
Value and utilize capital of the shareholders well, continually make profit for the shareholders.
珍惜和善用股东的资本，为股东赢得持续回报。
Investors want a rate of return, and the longer they have to wait, the less attractive a stock becomes.
投资商们都希望有高的回报率，他们需要等待的时间越长，股本就越来越没有吸引力了。
Indeed, research shows that the more money is raised by private-equity funds in any year, the lower returns tend to be.
的确有调查表明，私募股本融集资金越多的年份，回报率也倾向于越低。
On How to Set Rate of Equity Returns for Listed Companies in An Irrational World;
上市公司如何在非理性世界中确定股权回报率
The Quantitative Analysis on ROI of the Component Stocks of SSE 180 Index to Investors;
上证180指数成份股对投资者回报率的统计分析
An Empirical Study of the Relationship between Public Information and Market Activities;
公开信息与股票回报率相关性的实证研究
Medium and Long-term returns overreaction in domestic stock market;
我国股票市场的中长期回报率的过度反应
Quantitative relation holding companies rate of return and their risk;
对控股公司回报率与风险关系的量化分析
The Research of Investors Realized Rate of Return in Chinese Stock Markets;
中国流通A股市场投资者实现回报率研究
An Empirical Study of A-share Stock Market s Initial Returns with No Limitation of IPO/s P/E Ratio;
发行市盈率放开后的A股市场初始回报研究