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英语翻译Since it is difficult toascertain the exact timing and t

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英语翻译
Since it is difficult to
ascertain the exact timing and the true impact of these liberalization
efforts
on the respective financial markets of these countries,we conduct sub-period tests to see if we can detect any changes in
herding patterns over time.The sub-period results are reported in Table 7.For South Korea,
we conduct sub-sample tests on a two-year by two-year basis.We do not find any patterns in the two-year by two-year a’s.Most of the c2
coefficients
in up and down markets are negative and statistically
significant.Hence,we are unable to detect any impact of liberalization efforts on
investor herd behavior in South Korea‘s
equity market.
英语翻译Since it is difficult toascertain the exact timing and t
Since it is difficult to
由于很难
ascertain the exact timing and the true impact of these liberalization
确定确切的时间和这些自由的真正影响
efforts
努力
on the respective financial markets of these countries, we conduct sub-period tests to see if we can detect any changes in
在这些国家各自的金融市场,我们进行了分时段测试来看看我们是否可以检测到任何变化
herding patterns over time. The sub-period results are reported in Table 7. For South Korea,
放牧模式随着时间的推移.子期,结果列于表7.韩国,
we
conduct sub-sample tests on a two-year by two-year basis. We do not find
any patterns in the two-year by two-year a’s. Most of the c2
我们进行亚抽样检验,两年通过两年的基础上.我们没有发现任何模式在为期两年的两年的.大部分的C2
coefficients
系数
in up and down markets are negative and statistically
在动荡的市场中是负和统计学
significant.Hence, we are unable to detect any impact of liberalization efforts on
重要的.因此,我们无法检测到任何的自由化努力的影响
investor herd behavior in South Korea‘s
在韩国的投资者羊群行为
equity market.
股票市场.
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