Given no dividend, this paper also performs an empirical research on its forecast effect, which is decided by the precision of estimated expected yield and changeability. 研究表明,伊藤过程的预测效果决定于对总体预期收益率(EY)和易变性参数的估计。
The cost of capital is expected yield investors demand. 资本成本是投资者要求获得的预期收益率(EY)。
Commercial banks tend to be optimistic in expected yield lower limit. 各类商业银行在预期收益率(EY)下限方面具有乐观预测倾向。
In order to improve this information structure and raise the expected yield function of the banks, the banks take the different actions before and after the event respectively, such as screening and monitoring, namely screen in advance, improve the borrower's credit quality; 针对这种信息结构,商业银行分别在事前与事后采取甄别行动与审查行动,即事前甄别,改进了借款者的信用质量;
Our theory development for the first time proves that the realised real return for international capital contains information for expected yield, which enables us to use yield differential of financial assets in different countries to predict currency crises. 本文也从理论上证明了过去的实际收益率中包含预期收益率(EY)信息,从而从理论上解决了用过去实际的收益率差来预测货币危机的可行性问题。