什么是有表决权优先股股票 股票按照股东是否对股份有限公司的经营管理享有表决权,可将股票划分为表决权股股票和无表决权股股票。 表决权股股票是指持有人对公司的经营管理享有表决权的股票。 有表决权优先股股票是指优先股股东有权参与公司的管理,能够参加公司股东大会并选举董事。这种优先股在实际中并不多见,其表决权根据发行时的规定也有所不同。 这是优先股股票中的特例。持有这类股票的股东,可以参加股东大会,有权对规定范围内的公司事务行使表决权。 有表决权优先股股票的分类 1、永久表决权优先股:持有该种股票的股东与普通股股东具有同等的地位。 2、临时表决权优先股:在某些特定情况下,授予优先股股东的表决权,但这种表决权的作用是很小的。 3、特别表决权优先股:在公司准备增加资产时,可能给予优先股股东一定的表决权。 相关条目 普通表决权股股票限制表决权股股票多数表决权股股票
A report issued by an individual analyst, investment bank or financial services company indicating how a particular company's stock will perform in the coming quarter. Analysts provide guidance as to how they expect a company to perform. This is typically a range of values that a particular variable is expected to fall between. If a stock peforms better than than what analysts expected, it is considered to have "beat expectations" or delivered stronger-than-expected results. Publicly-traded companies also issue their own guidance outlining expected future profits or losses. This forecast helps financial analysts set their own expectations, and can be compared to analyst expectations to get a better idea of potential company performance in the upcoming quarter.
什么是期货利息利益交易 期货利息利益交易是指将所有的闲置资金投资于期货市场,以获取一个比传统的货币交换利率或银行利率更高的有保证的收益。 ">编辑] 目录 1 期货利息利益交易的基本原理 2 期货利息利益交易运用 3 参考文献 期货利息利益交易的基本原理 期货利息利益交易的基本原理是出现期货升水时,现货价格低于期货价格,买进现货,卖出远期期货,到期进行现货交割,从而获取差价利润,以此补偿闲置资金的利息收益。 ">编辑] 期货利息利益交易运用 这种交易的做法很简单,只要在期货升水时现货价与期货价之间的价差高于一般的货币交换利率和银行利率的利息收入日九用闲置资金买进现货并同时卖出同等数量的远期交割货物的合约即可轻而易举地实现。 需要指出的是,做期货利息收益交易业务者必须具有一定的现货交割能力和仓储能力。否则行不通。 参考文献 ↑ 田源.期货交易全书.ISBN:7-5000-5096-8/F713.5-61.中国大百科全书出版社,1993.08. ↑ 2.0 2.1 姚得骥,杨森.新编金融词语总汇.ISBN:7-5044-2369-6/F83-61.中国商业出版社,1995.
A game-theory situation with several players. Similar to a prisoner’s dilemma, a diner’s dilemma occurs when several participants attempt to obtain the highest possible personal reward, but instead find themselves in an unfavorable situation. The diner's dilemma is based on a situation where several people agree to split the bill before going out to eat. By following a logical course of action, every member of the group finds him- or herself ordering dishes more expensive than what they would normally buy, and they all end up facing the outcome they tried to avoid: a more expensive meal. For example, prior to going out for dinner, Steve, Dave and Arthur decide that they will split the bill equally. Since the restaurant offers a wide mix of expensive and reasonably priced items, the three friends are faced with a tough decision. Arthur, who would not normally purchase the expensive items, figures that since his costs will be distributed between the other members, today he can afford to do so. Dave and Steve use the same logical reasoning. As a result, the three friends end up spending more money than they would have liked.
目录 1 概述 2 相关条目 概述 不完全信息静态博弈,是指至少某一个局中人不完全了解另一个局中人的特征,即不知道某一参与人的真实类型,但是知道每一种类型的出现的概率。 古巴导弹危机 二战后,美国和苏联两个超级大国形成了对峙,组成了两大敌对阵营。1962年苏联偷偷地将导弹运送到古巴对付美国,但却被美国的侦察机发现,于是美国决定对古巴进行军事封锁,美苏之间的战争一触即发。面对美国的反应,苏联面临着是将导弹撤回国还是坚持部署在古巴的选择。而对于美国,则面临着是挑起战争还是容忍苏联的挑衅行为的选择。博弈矩阵如下: 美国 进攻撤退 苏联 进攻Va,Vb6,-6 撤退-6,6-3,-3 在这个博弈中,假设Va,Vb∈{1,-4},如果双方都选择进攻,则会发生一场战争。对每一方而言,如果决策者属于鹰派,则会选择进攻,其支付为1;如果决策者属于鸽派,则可能会选择撤退,其支付为-4。每一方都知道自己属于哪一派,但这一信息是自己的隐私,所以说这是一个不完全信息博弈问题。又因为双方的行动有先后顺序,但是后行动者美国并不知道先行动者苏联所采取的行动,只能通过所掌握的有限信息进行归纳,从而预测出对方可能会采取何种策略,因此它也是一个静态博弈。 在美国对苏联的行动考虑对策时,可以选择的策略有多种,从默许到温和的制裁直至全面对抗,事实上,它选择了最强烈的反应并取得了成功。美国这样推理:如果苏联采取进攻,那么当Va=1时,他的最好反应是进攻;而当Va=-4时的最好反应是撤退。如果苏联选择撤退,那么无论他的私人信息是什么,他的最好反应都是进攻。此外,根据美国情报部门所掌握的信息和对对手苏联决策层的估计,即赫鲁晓夫的强硬姿态背后苏联内部对此各种态度的冲突和综合,苏联的实力、赫鲁晓夫执行其意旨的能力等估计的基础上,美国当局做出了正确的反应。虽然苏联也可以这样推理,但是赫鲁晓夫错误地估计了对方的反应,认为美国会容忍这种后果,而事实相反。所以说,这是一种不完全归纳推理,即从若干个个别性前提推出一个特称结论的推理。 [1] 海萨尼转换 在假定局中人拥有私人信息的情况下,其他局中人对特定局中人的支付函数类型是不清楚的。如果一些局中人不知道另一些局中人的支付函数,或支付函数不是共同知识,局中人就不知道他在与谁博弈,博弈的规则是没有定义的。因而在1967年以前,博弈论专家认为此时博弈的结构特征是不确定的,无法进行分析。海萨尼提出了一种处理不完全信息博弈的方法,即引入一个虚拟的局中人——“自然”。自然首先行动,它决定每个局中人的特征。每个局中人知道自己的特征,但不知道别的局中人特征。这种方法将不完全信息静态博弈变成一个两阶段动态博弈,第一个阶段是自然N的行动选择,第二阶段是除N外的局中人的静态博弈。这种转换被称为“海萨尼转换”,这个转换把“不完全信息”转变成为完全但不完美信息,从而可以用分析完全信息博弈的方法进行分析。 相关条目 不完全信息动态博弈 完全信息动态博弈 完全信息静态博弈
In the foreign exchange world, a collective term for the legions of Japanese housewives who resorted to currency trading in the first decade of the new millennium. With Japanese interest rates near zero percent for most of the decade, their motivation for currency trading was to increase the low returns on their portfolios. These homemaker-traders are also called "Mrs. Watanabes." |||Japanese housewives have had a discernible impact on currency markets. Bank of Japan officials said in 2007 that the housewives' trading activity helped to stabilize currency markets because of their tendency to buy on dips and sell into rallies. A significant amount of this trading was carried out through online margin accounts, which offered leverage of 20 to 100 times. Carry trades, which involve borrowing in low-interest rate currencies and investing in higher yield assets, were also a favored strategy for many of the Japanese housewives.
An investment that is not one of the three traditional asset types (stocks, bonds and cash). Most alternative investment assets are held by institutional investors or accredited, high-net-worth individuals because of their complex nature, limited regulations and relative lack of liquidity. Alternative investments include hedge funds, managed futures, real estate, commodities and derivatives contracts. Many alternative investments also have high minimum investments and fee structures compared to mutual funds and ETFs. While they are subject to less regulation, they also have less opportunity to publish verifiable performance data and advertise to potential investors. Alternative investments are favored mainly because their returns have a low correlation with those of standard asset classes. Because of this, many large institutional funds such as pensions and private endowments have begun to allocate a small portion (typically less than 10%) of their portfolios to alternative investments such as hedge funds. While the small investor may be shut out of some alternative investment opportunities, real estate and commodities such as precious metals are widely available.
The European equivalent of the National Best Bid and Offer (NBBO). The EBBO refers to the current best prices available for selling or buying a trading instrument such as a stock. On any exchange, a series of price levels appear for both the buy and sell sides. The EBBO represents the best price that is available - the lowest price for a buy or the highest price for a sell. The EBBO continually updates the prices so the market participant's have fair access to the best prices. The EBBO guarantees that market participants have access to the best available prices at any given time. Where EBBO is supported, market participants' trade orders will be filled at or better than the EBBO price for a given trading instrument.