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英语翻译IntroductionThere are established but dynamic patterns o

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英语翻译
Introduction
There are established but dynamic patterns of information flows across markets,and it is
important to understand them.Government policies on capital flows across borders and
regulation of financial markets may alter patterns of information flows.Portfolio managers
and hedge funds can use patterns of information to formulate international investment and
asset allocations trategy,and multinational corporations can develop hedging policies based
on patterns of information flows across markets.In analysis of information flows across
equity markets,Eun and Shim(1989),Kwan,Simand Cotsomitis(1995),and Ghosh,Saidi
and Johnson(1999)have demonstrated the importance of the U.S.in the global market and
its influence on other equity markets.
英语翻译IntroductionThere are established but dynamic patterns o
简介
市场上贯穿着确定但不断改变的信息流,我们对他们须有所了解.政府针对跨国界的资本流动政策以及金融市场的管理制度可能会改变信息的流动方式.投资组合经理人和避险基金可以利用信息的各种模式来谋划国际投资和资产分配战略,此外跨国企业还能在市场上流通的信息模式来制定对冲避险策略.在分析股票市场的信息流时,Eun ,Shim(1989),Kwan,Simand Cotsomitis(1995),Ghosh,Saidi和Johnson(1999)都证明了美国在全球市场的重要性以及其对其他股市的影响力.