结果表明：尽管基金的周转率远低于股票交易周转率，基金投资者仍然存在明显的处置效应；

The results show that there is obvious disposition effect on institutional investors although the turnover ratio of mutual funds is lower than that of stocks.

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由结果我们可以看到我们的负债比率、净资产收益率、股票周转率有正相关之关系的解释变量，这是符合预期的。

From the results we can see the debt ratio, return on net assets, equity turnover ratio had a positive relationship with the explanatory variables, and this is consistent with the expected.

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