财务管理专业英语 句子及单词翻译_财务管理专业英语翻译
财务管理专业英语 句子及单词翻译由刀豆文库小编整理，希望给你工作、学习、生活带来方便，猜你可能喜欢“财务管理专业英语翻译”。
Financial management is an integrated decision-making proce concerned with acquiring, financing, and managing aets to accomplish some overall goal within a busine entity.财务管理是为了实现一个公司总体目标而进行的涉及到获取、融资和资产管理的综合决策过程。
Decisions liabilitiesinvolving refertoa workingfirm’scapital short-termmanagement.aetsand决断涉及一个公司的短期的资产和负债提到营运资金管理
The right-handfirm’ide long-term ofthefinancingbalance sheet.decisionsconcernthe该公司的长期融资决断股份资产负债表的右边。
This affectsis company.theanfinancial importantriskdecisionfacedas bythethelegalownertructureofthe这是一个重要的决定作为法律结构影响金融风险面对附近的的业主的公司。
The management(executiveboardincludesindividualome directors), butmembersoftop
directors).fromoutsidethecompany(non-executive shouldalsoinclude董事会包括有些隶属于高层管理人员(执行董事)，但将也包括个体从外公司(非执行董事)。
Maximization stockholdersofshareholderwealthfocusesonlyencompaescommonwhereas allfinancialmaximizationoffirmvalueonstockholders.stockholders, debtclaimholders holders, andpreferred including股东财富最大化只集中于股东，而企业价值最大化包含所有的财务债券持有者，包括普通股股东，债权人和优先股股东。
Given maximizationthesestakeholdersaumptionsand isconsistent，societyinshareholders’ withthethelongbestwealthrun。interests
of根据这些假设，从长期来看，股东财富最大化与利益相关者和社会的最好利润是相一致的。
No comprehensivecompetingthese consistentaumptions, shareholders’ wealthmeasure ameasurethatofcanafirm’sprovideas
maximizationstanding.Giveniociety in the longwiththerun.bestinterestsofstakeholdersand没有竞争措施，能提供由于全面的一个措施的一个公司的站。给这些臆说，股东'财富最大化一贯不比任何人差项目干系人项目利益相关者的利益，社会从长远说来。
In shareholders, andreality, managers andfinancingdecisionschoosemayignoretheinterestsof
that insteadbenefittomakethemselves.investment在现实中，经理可能忽视股东的利益，而是选择利于自身的投资和融资决策。
Financial of stakeholders(otherinformationstatementsfromareprobablytheimportantsourcefirm’sfinancialhealth.thanwhich
management)canthesevariousae
a财务报表可能是最重要的信息来源，除管理者以外的各种利益相关者可以利用这些报表来评估一个公司的财务状况。
The commonstockholders’equitysectionlistspreferred retainedstock earnings.andcapitalsurplusandaccumulatedstock,股东权益列示有优先股，普通股，资本盈余和累积留存收益。
The aets, which are the “things” the company owns, are listed in the order of decreasing liquidity, or length of time it typically takes to convert them to cash at fair market values, beginning with the firm’s current aets.资产，也就是公司拥有的东西，是按照流动性递减的顺序或将它们转换为公允市场价值所需要的时间来排列的，通常从流动资产开始。The market value of a firm’s equity is equal to the number of shares of common stock outstanding times the price per share, while the amounthe cumulative amount the firm raised when iuing common t reported on the firm’s balance sheet is basically stock and any reinvested net income(retained earnings).公司权益的市场价值等于其发行在外的普通股份数乘以每股价格，而资产负债表上的总额则主要是公司在发行普通股以及分配任何再投资净收益（留存收益）时累积的数额。
When depreciationcompared early expenseyearsbuthasofhigheraetto loweracceleratednetlife, whichdepreciationmethods, straight-lineincome.tendsexpensetoainhigherthe
tax与加速折旧法相比,直线折旧法在资产使用年限的早期折旧费用较低，这也会趋向于较高的税金费用和较高的净收入。The statement of cash sections:(1)operating cashflows consists of three
and(3)financing bring activitiesincashflows.flows,(2)investingActivitiesin each areacashflows,thatcash.that cashinvolve representspendingsourcescashofcash areuses whileof该声明现金流量表包含三个部分:(1)经营现金流,(2)投资的现金流,(3)融资现金流。在每个地区活动带来现金来源的现金而代表活动涉及到花钱是使用现金
Financing repaymentsactivities andcashdividendorretirements, stockincludenewpayments.sales debtiuances, debt andrepurchases,筹资活动,包括发行新债券，偿还债务，股票销售和回购，以及现金股利支付。
Not $750 millionsurprisingly, Enron’sexecutives options in the 12 monthsinsalaries, bonusesandhadprofitsrealizedfromsomestockbankrupt.beforethecompanywent毫不奇怪, 公司破产前的十二个月里，安然的高管们实现了7.5亿美金的工资、奖金和股票期权利润。First, financial the aremanyfinancialratiostextbooks arenotstandardized.A andothersourcesperusalofcalculateavailablesomewillratios.oftenshowdifferencesinhow thatto首先,财务比率不规范。一个参考的许多金融教科书及来源,可将经常表现出差异如何计算一些率。
Liquidity obligationsratiosin theindicateshortrun.afirm’sabilitytopayits流动性比率表明公司的支付能力在短期内它的义务。
Exceively firmhighcurrentratios, however, mayindicateinvestor-supplied capitalmayhave too muchofitslong-term
acurrentaets.invested in short-termlow-earning当前的比率过高,然而,可能表明,一个公司可能有太多的长期investor-suppliedIn an inflationary 资本投资于短期first-out(LIFO)inventoryenvironment, firms low-earning that流动资产use
currentvaluationwilllikelyhave last-in,lowerfirst-out(FIFO).ratiosthanfirmsthatusefirst-in, 在一个通货膨胀的环境下,企业选择使用后进先出法对存货计价的公司比采用先进先出法的公司有一个低的流动比率。
The reflectcash thata firm’sratioliquidityistooconservative positionbecausetoaccuratelycashfirms andmarketable canfundtheiritaumeecurities.currentliabilitieswithonly 流动比率太稳健不能正确反映一个公司的流动性状况，因为在这一比率假定公司仅仅用现金和有价证券就可以偿还流动负债。
Debt of providethe relativemanagementmixratiosofdebtcharacterizeafirmintermsabilityofmeasuresthefirm.ofthelong-termandequitydebtfinancingpayingand描述一个公司债务管理比率从相对的混合的债务和股权融资的措施,提供长期偿债能力的公司。
Total equity, andcapitalthusincludesexcludesallshort-term non-currentdebt.liabilitiesplus资本总额包括所有非流动负债加上股本,从而排除短期贷款。Net industry.profitmarginsvarywidelybythetypeof有着很大的不同,其净利润为典型的产业。
Note thaninterestthat netincome, Is earningsbefore usedininterestthenumeratorandtaxes, ratherbecauseability taxes.toispay paidcurrentwithpre-taxinterestdollars, andisnotaffectedthefirm’sby注意,分子中用的是息税前利润而不是净收入，这是因为利息是税前支付的，公司支付现金利息的能力不受税收的影响。
Managers increasedshouldanalyzethetradeoffbetweenanyand andtheaociated salesfromcostsamoreoflongerlenientcollectioncreditpolicywhethermore increasechanginguncollected shareholder’sthereceivables wefirm’s alth.credittosalesdetermine periodspolicy
could管理者应该分析权衡增加的销售从一个更为宽松的信贷政策和相关费用较长的周期和更多的应收账款收集来决定是否改变公司的信用销售的政策可能会增加股东的财富。
If creditthereceivablescollectionperiodexceedsafirm’sineffectiveterms credittomarginal inthis collectingmaycustomers.indicate itscreditthatsalesafirm orisisgranting
如果应收账款采集时间超过公司的信用条款这也许说明了企业信用销售收集它无效或给予客户信用边缘。
A continuedlow, decliningratiomaysuggesttheweakeningoutdatedto demandbuildor upinventoryinthe firmfacehasof
soldatreduced orobsoleteprices, ifinventory maybeatall.that carryingcouldandonlyreportingbe一个低税率、下降率可能显示这个公司已经持续不断地加强库存面对需求不断减弱或可能携带和报告过期或过时的库存,只能减价出售。Thus, the operatingmeasuresoperating profitprofitmargin, whichindicatesthefinancinggeneratedperdollarofnetsales, costs.thefirm’soperatingprofitabilitybefore因此,经营利润,预示着美元营业利润产生的净销售额,公司的经营利润措施在融资成本。
If depreciatedthefirm’sfixedaetsareoldandhavebeen
not denominatorlosttheirtowilla productivelowbookinflate ROA.ability, the lowvalue, andthefigure in theaetshave如果公司固定资产比较旧,分母的减少会是ROA折旧到低的账面价值，但是资产并没有失去生产能力。
Return returnoncommonequity(ROCE)focusesonjusttheremovingto netthe commondividendhareholderstopreferredandis shareholderscomputedfrom bycommonincomeshareholders.anddividingbythecapitalprovidedby普通股权益报酬率仅仅关注普通股股东的报酬率，用净收入扣除优先股股利除以普通股股东提供的资本计算得到。
Dividend return;anotheryield appreciation.part representsofaparts stock’softotalastock’sreturntotalisprice
代表部分股息率的股票总回报;另一部分是一个股票的总回报价格上涨。
In morefact, ofalltheconceptsusedinfinance, noneiscalledimportant discountedthancashtheflow(DCF)analysis.timevalueofmoney, also事实上,财务上所有的概念中，货币时间价值是最重要的，也称作是折现调整现金流量折价分析。
Thus, investors bearing principlesandtherequiretimecompensationvalueofmoney.Theseforbothrisk twodecision-makinglieatconcepts.theheartofthefinancial因此,投资者需要为风险负担和货币时间价值提供补偿，这两个原则的核心在于财务决策的概念。
Interest baseratesare investments.ratestodrawalsocomparisonoftenusedtoas alternativeriskleriskier or利率也常常作为无风险利率或基准利率来对可替代的风险投资进行比较。
Most operatepersonalonaloans, mortgages compoundingbasis.andcreditcards大多数个人贷款、抵押贷款和信用卡是以复利计息的。
Therefore, the is to reducetothe correctdiscountingadjustmentfactorforbyanoneannuityandtoduestream.thereducedcalculationanon-discountedcashflow add因此,正确的调整年金是为了减少由于贴现因子,增加减少的一个non-discountedIf rate, theinterest 计算现金流量
bondrateswillmovesellabove(below)thebelow(above)itsbond’s parvalue.coupon如果利率移动高(低)债券的票面利率,债券将出售低于(以上)其票面金额.If period, asanannuitynotbeginitspaymentinwith deferredanordinary withandue, then ordinaryit annuity, orisimmediately, as thefirststreamsubsequentannuity-anto annuitythefirstthatperiod.begins claifieditsas casha
flow如果一项年金不像普通年金那样在第一期支付，也不像预付年金那样马上支付，那么我们就把它划分为递延年金，这种年金在第一期后的期间支付。
The highereffective when year.interest thanthe rateofaninvestmentwillalwaysbeisnominal compoundedorstatedmoreinterest thanoncerateper当利息用复利计算一年多于一年的时候，一项投资的有效利率将永远比名义利率高。
Nonethele, intrinsic determining whencomparedwhethervaluetoits tomarket buyservesorvaluesell asabasisfor
a orfinancialprice.aet尽管如此,内在价值作为基础,与市场价值或价格作比较，来决定是否购买或卖出一项金融资产。
The the relatedamount valueoftotheofaamount expectedfinancialofcashaetisdirectlyrelatedtorisk.flows, butinversely一项金融资产的价值与期望的现金流量正相关，与风险程度负相关。If fallinterestratesincrease, causingthebackbelowtothepar, theiuerbondholderatparormayahigher sell bondthepriceprice.bondto如果利率上升,导致债券价格跌破面值,场所将该债券交付可能卖债券回发行人的面值,或一个更高的价格。
In a claimthecaseof pledgedontothe otheraets unsecuredsecurities.thatdebt, thetheiuerbondholdershasnothave就信用借贷来说，债券所有人对发行人未抵押给其他担保人的资产有要求全。
An ratinginverse oryieldandtoquality relationshipmaturity.ofagenerallybondandexistsitsbetween interestthe rate评级和债券的质量与利息率或到期收益率程相反关系。
Common theirstockholdersareafterandclaim preferred satisfyingtoearningsand theaets residualisowners whatremainsbecausestockholders.thepriorclaimofvariouscreditors普通股股东是剩余所有者，这是因为他们对收益和资产的要求权是在满足各债权人和优先股股东优先选择权后剩余的。
In butsomeinstances, existingstockholderspurchasenotthecompanythe ofall obligation, tosells.newsharehareofcommon proportionately havethestockinright, thatthe在某些情况下,现有的股东也有这个权利,但不是义务,在购买比例分享所有新股的公司的普通股票卖出。
Future dividendcash price(gainspaymentsflowsorloes)overmay and/orbechangesinthe theholdingin formtheof period.stock’scash未来现金流的形式可能是现金股利支付和/或改变股票的价格(收益或亏损)控股的时期
It infinitesuggestsinvestorsmustvalue valueatand ofthethen commonrequireddiscountforecast thembackdividendstopresentto
stock.rateofreturntoestimatethe建议投资者必须预测派发股息的无限,然后他们回到现值折扣在所需的收益率的估计价值普通股。
The riskiergreatertheinvestment thevariabilityis.ofthepoiblereturns, the大的可变性的回报，投资将会有冒险性。
Investment actuallyrisk, then, isrelatedtothe thechanceearning investment.ofaalowloworornegativenegative thereturn, the return-theprobabilityriskier greaterof投资风险,然后,涉及的概率低或者消极实际获得回报，更大的机会或负回报低,风险投资。
This as standardtwoaumptionparameters, thegreatlyexpectedsimplifiesreturn(mean)andinvestmentanalysis,thecompletelydeviation(or financialreturns.describethevariance), areprobabilitysufficientdistributionto
ofall这个假设,极大地简化了投资分析的两个参数,预期回报(平均)和标准偏差(或方差),能够完整地描述所有财务回报的概率分布。
Financial beingtheorytypically considersrisk-averse.Aviewsdecisionmakersascompensationariskyrisk-aversedecisionmakerforrisk investmentthroughonlyariskifitpremium.provides金融理论的观点是典型的决策者风险。一规避风险投资决策者认为只有当它提供补偿风险通过风险溢价。
Rational some constraintsobjectivebehaviorthatfunction-theirmeansthattheyface.utility individualsfunction-undermaximize
the理性行为意味着个人一些目标函数最大化效用函数下-他们的效用函数-他们所面临的约束条件的。
In forreality, it is orindividualprobably orretailmore investorslikelyastobetrueonlystocksinstitutionalasopposedinvestors, andtothinlyfor tradedfrequentlyopposedstocks.tradedto large事实上,它可能是更有可能是真的只是为了个人或散户投资者反对大或机构投资者的交易,因为很多股票交易反对稀疏的股票。Based market, Fama(1970)distinguishesonthetypeinformationinformationallyefficientmarkets.three availableformstoofthe基于类型资料提供给市场,现有(1970)区分成三种形式的信息的有效率的市场。
Banks, insurance financial diversifiedinstitutionscompanies, mutualportfolios.arerequiredfunds, and bylawtootherhold银行、保险公司、基金和其他金融机构依法举办多种组合。
As thea numberrule, theofriskinetocksinoftheaportfolio portfoliowill increases.declineas 一般来说,投资组合的风险也会下降股票的数目在组合增加。
The isbecalled part eliminateddiversifiable ofastock’siscalledrisk, whileriskthatcanbeeliminatedmarketrisk.thepartthatcannot部分股票的风险可以省略,被称为可分散风险,而无法消除的部分叫做市场风险。
In addinggeneral, theanswerisno, buttheextenttowhichin smallerthestocks degreetoofaportfolioreducesitsriskdepends therisktheinpositive correlation alargecorrelationamongportfolio.coefficients,thestocks: thethelower通常来说，答案是否定的，但是向证券投资组合中增加股票种类能使风险减小的程度取决于组合中股票的关联性：正相关系数越小，一个大的证券投资组合的风险就越低。
In individualtherealworld, wherethe+1.0, some, butstocksnotare correlationsamongtheall, riskgenerallycanpositive eliminated.butle than 在现实世界中,在相关个股通常是积极的,但是低于+ 1.0,有些,但不是全部,风险就会消除。
You securities, thefindoutbereduced, withouttotal thatrisk byreducingcombining ofthetheinvestmenttwoorexpectedmore
pay-off.canactually 你发现结合两个或两个以上的证券,总投资者的投资风险会减少,而不减少预期的收益。
Most annualpublic the shareholderSecuritiesreports firms。annualand TheseinExchangethe includeUnited（US）preparetworeport。
Commiion theannual（SEC report）andtothe在美国大多数上市公司都准备两份年度报告，这包括给证券交易委员会的一份，和给股东的一份。
The owners’(stockholders’)equitybalancesheetreportsafirm’sattheendofareportingasperiod.ofagiven aets, anddate, usually
资产负债表报告的是特定日期公司的资产，负债和所有者权益，通常是在报告期末。
Net becauseincomeandactualnetcashflowmayfor therecognizingaccountants treatmentof revenuesusedepreciationan andaccrualaccounting differproce
expenses, and andtaxes.becauseof净利润和实际的净现金流量可能不同，这是因为会计人员用应机制会计过程来确认收入和费用，也可能是因为对折旧和税收的处理不同。
Uses the shareholder wealth maximization to take the goal, both has supported the enterprise operation property right foundation, and sufficiently considers and has respected the enterprise funder(shareholder)the reasonable benefit, causes the entire enterprise management and operation to set up in one may hold with above the reality foundation.“shareholder wealth maximization” manages finances the goal inAt the same time,the capital market developed environment, also is advantageous for the balance and the operation, the feasibility is strongest.financial management decision-making财务管理 acquire决策，决策的 publicly traded corporations获得，取得
vice president of financechief financial officer财务副总裁公开上市公司 公众 chief executive officer首席财务官 balance sheet首席执行官capital budgeting资产负债表 working capital management资本预算
hurdle rate营运资本管理 capital structure最低报酬率 mix of debt and equity资本结构
cash dividendstockholder现金股利 负债与股票的组合dividend policy股东
dividend-payout ratio股利政策
stock repurchase股利支付率 stock offeringtradeoff股票发行 股票回购 common stock权衡，折中current liabilitycurrent aet普通股流动负债 marketable security流动资产
inventorytangible fixed aets存货
流动性资产，有价证券 in tangible fixed aets有形固定资产 patenttrademark专利 无形固定资产 creditor
商标 stockholders’ equity债权人financing mixrisk aversion融资组合股东权益 volatility风险规避allocate易变性不稳定性 capital allocation配置
busine financial risk企业 商业 资本配置 业务sole proprietorship财务风险partnership
limited partner合伙制企业私人业主制企业 general partner有限责任合伙人
separation of ownership and control一般合伙人
claim management buyout要求 主张 要求权所有权与经营权分离 tender offer管理层收购
financial standards要约收购initial public offering财务准则
private corporation closely held corporation私募公司 首次公开发行股票
未上市公司 board of directors控股公司executive directornon-executive director董事会执行董事
chairperson 非执行董事 controller treasurer 主计长 主席revenue profit earnings per share利润收入司库
return 每股盈余 market share 回报
social good市场份额financial distre社会福利
stakeholder theory财务困境value(wealth)maximization 利益相关者理论
common stockholder preferred stockholder普通股股东价值（财富）最大化 debt holder well-being优先股股东diversity福利债权人going concern多样化agency problem 持续的 free-riding problem代理问题
information asymmetry搭便车问题retail investorinstitutional investor散户投资者信息不对称
agency relationship net present value 代理关系机构投资者creative accounting净现值
stock option agency cost股票期权 创造性会计 bonding cost代理成本monitoring costs契约成本 takeover监督成本 corporate annual reports 接管
balance sheet 公司年报 income statement资产负债表statement of cash flows 利润表
statement of retained earnings 现金流量表fair market value 留存收益表
marketable securities 公允市场价值check 油价证券money order 支票
withdrawal 拨款但、汇款单 accounts receivable 提款
credit sale应收账款 inventory property plant and equipment 存货赊销
depreciation 折旧 土地、厂房与设备 accumulated depreciation liability 累计折旧 current liability 负债
long-term liability 流动负债 accounts payout note payout 应付账款长期负债accrued expense 应付票据
deferred tax preferred stock 递延税款应计费用common stock book value 普通股优先股capital surplus 账面价值 accumulated retained earnings 资本盈余
hybrid 累计留存收益 treasury stock 混合金融工具historic cost 库藏股current market value 历史成本
real estate outstanding房地产
现行市场价值 a profit and lo statement 发行在外的net income 损益表 operating income 净利润
earnings per share 经营收益simple capital structure 每股收益
dilutive basic earnings per share 冲减每股收益的简单资本结构 complex capital structures 基本每股收益 diluted earnings per share 复杂的每股收益convertible securities 稀释的每股收益warrant accrual accounting 认股权证
可转换证券 amortization 应计制会计 accelerated methods 摊销
straight-line depreciation 加速折旧法
statement of changes in shareholders 直线折旧法
source of cash use of cash 现金来源 ’equity 股东权益变动表 operating cash flows 现金运用
cash flow from operations 经营现金流direct method 经营活动现金流
indirect method 直接法bottom-up approach 间接法
investing cash flows 倒推法 cash flow from investing投资现金流joint venture投资活动现金流
affiliatefinancing cash flows 分支机构合资企业
cash flows from financing筹资现金流
time value of money simple interest 货币时间价值筹资活动现金流debt instrument 单利annuity 债务工具
future value 年金
present value 终值compound interest 现值
compounding principal 复利计算复利mortgage 本金 credit card 抵押terminal value 信用卡discounting discount rate 折现计算终值opportunity cost 折现率
required rate of return 机会成本cost of capital 要求的报酬率
ordinary annuity资本成本annuity due 普通年金financial ratio 先付年金
deferred annuity 财务比率restrictive covenants 递延年金perpetuity 限制性条款
bond indenture 永续年金face value 债券契约
financial analyst 面值
liquidity ratio coupon rate 息票利率财务分析师nominal interest rate 流动性比率
current ratio 名义利率
effective interest rate 流动比率window dreing going-concern value 账面粉饰有效利率
marketable securities持续经营价值 quick ratio liquidation value 清算价值短期证券
book value 速动比率cash ratio现金比率账面价值
debt management ratios marker value市场价值
intrinsic value debt ratio 内在价值债务管理比率mispricing 债务比率debt-to-equity ratio 给……错定价格
valuation approach 债务与权益比率equity multiplier discounted cash flow valuation 权益乘估价方法 数
long-term ratio undervaluation 长期比率折现现金流量模型debt-to-total-capital 低估
overvaluation 高估
债务与全部资本比率
leverage ratios 杠杆比率option-pricing model 期权定价模型
interest coverage ratio 利息保障比率contingent claim valuation 或有要求权估价
earnings before interest and taxes 息税前利润promiory note 本票
cash flow coverage ratio 现金流量保障比率contractual provision 契约条款
aet management ratios 资产管理比率 par value 票面价值
accounts receivable turnover ratio 应收账款周转率maturity value 到期价值
inventory turnover ratio 存货周转率 coupon 息票利息
inventory proceing period存货周转期 coupon payment 息票利息支付
accounts payable turnover ratio应付账款周转率 coupon interest rate 息票利率 cash conversion cycle 现金周转期 maturity 到期日
aet turnover ratio 资产周转率term to maturity到期时间 profitability ratio 盈利比率 call provision赎回条款
gro profit margin毛利润 call price 赎回价格
operating profit margin经营利润 sinking fund provision 偿债基金条款 net profit margin 净利润 conversion right 转换权 return on aet资产收益率put provision 卖出条款
return on totalequity ratio全部权益报酬率 indenture 债务契约
return on common equity普通权益报酬率 covenant 条款
market-to-book value ratio市场价值与账面价值比率trustee 托管人
market value ratios市场价值比率 protective covenant 保护性条款 dividend yield股利收益率 negative covenant 消极条款 dividend payout股利支付率 positive covenant 积极条款 financial statement财务报表 secured debt担保借款 profitability 盈利能力 unsecured debt信用借款 viability 生存能力
creditworthine信誉 solvency 偿付能力 collateral抵押品
collateral trust bonds 抵押信托契约 debenture 信用债券 portfolio组合diversifiable risk可分散风险 marketrisk市场风险 expectedreturn期望收益 stand-alonerisk个别风险 standard deviation标准离差 variance方差
normaldistribution正态分布
efficientmarkethypothesis（EMH）有效市场假设 pricetaker价格接受者
investorrationality投资者的理性 institutionalinvestor机构投资者 retailinvestor个人，散户投资者 anomaly异常（人或物）
post-earningsannouncementdrift期后盈余披露 behavioralfinance行为财务
expectedutilitytheory期望效用理论
mean-varianceefficientfrontier均值-方差有效前沿 covariance协方差
correlationcoefficient相关系数
company-specificfactor公司特有风险
arbitragepricingtheory（APT）套利定价理论
