...趋变大,显示新上市公司股票异常报酬的现象只会出现在短期,长 期并无此情况:此外,Ritter采用相对财富比例(wealth relative,WR)进行衡量比较新 上市公司股票与非新上市公司股票长期绩效表现,结果所有样本平均的财富比例只达 O.83...
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Relative Wealth Hypothesis 相对财富假说
Viewing the full picture — economic wealth — Americans save as much as they always have; otherwise, their wealth relative to income would fall.
从全景来看问题——经济财富——美国人一向有多少就储蓄多少;否则,他们相比于收入的财富会减少。
In Greece, Italy and, to a lesser extent, France, unsustainable tax cuts and spending sprees added to households' estimates of their private wealth relative to their wage income.
在希腊、意大利还有法国(后者程度较轻),不可持续的减税和支出热潮放大了家庭对个人财富相对于薪资收入的预期。
Economic reform has brought relative wealth to peasant farmers.
经济改革使农民相对富裕起来。
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