The higher of the dispersion of analysts′ forecasts of the trading price is,the bigger the divergence of opinions is and the higher the IPO overvaluation is.

研究發(fā)現(xiàn),媒體公眾關(guān)注度和IPO溢價(jià)水平顯著正相關(guān);在存在賣空限制下,價(jià)格由樂(lè)觀投資者決定,機(jī)構(gòu)投資者的價(jià)格預(yù)測(cè)離散程度越大,意見(jiàn)分歧程度越大,IPO溢價(jià)越高;較高的消費(fèi)者預(yù)期指數(shù)和平均IPO溢價(jià)水平會(huì)助長(zhǎng)投資者的狂熱情緒,提高IPO溢價(jià)水平;上市首日換手率越高,IPO溢價(jià)水平越高。

Using the dispersion of analyst forecast of first-day trading price and the turnover rate on the first trading day of IPOs to measure the divergence of opinions among investors in Chinese stock market from 2001 to 2007,this paper examines the relationship between the degree of divergence of opinion and the IPO overvaluation.

以2001~2007年的IPO公司為樣本,以分析師對(duì)IPO上市首日價(jià)格預(yù)測(cè)的離散程度和上市首日換手率衡量投資者之間的意見(jiàn)分歧,研究在嚴(yán)格賣空限制下,意見(jiàn)分歧程度的大小是否影響IPO溢價(jià)。

The result shows that CPAs tend to switch the opinions from unqualified opinions to qualified opinions by explanatory paragraphs and the previous audit opinion shows strong continuity.

以2004～2005年A股上市公司的財(cái)務(wù)報(bào)告為研究對(duì)象,實(shí)證分析審計(jì)意見(jiàn)變通行為及其影響因素,發(fā)現(xiàn)注冊(cè)會(huì)計(jì)師很可能存在利用帶說(shuō)明段無(wú)保留意見(jiàn)代替保留意見(jiàn)的變通行為,上期審計(jì)意見(jiàn)表現(xiàn)了很強(qiáng)的連續(xù)性,而前十大的會(huì)計(jì)師事務(wù)所出具保留意見(jiàn)的可能性更大。

Disagreements split the party into rival factions.

意見(jiàn)分歧使該黨分裂為對(duì)立的幾派。

Difference of opinion broke the party up into camps.

意見(jiàn)分歧使該黨分裂成若干集團(tuán)。

Opinion is divided on the issue of taxes.

關(guān)於稅捐問(wèn)題，大家意見(jiàn)分歧。

The leaders are divided, and the rank and file don't know whom to turn to.

領(lǐng)導(dǎo)意見(jiàn)分歧，群眾無(wú)所適從。

He and his wife differed constantly.

他和妻子總是有意見(jiàn)分歧。

It also suggested the diversity of opinion within the American government.

它也透露出美國(guó)政府內(nèi)部的意見(jiàn)分歧。

They were split on the question of women's rights.

他們?cè)谂畽?quán)問(wèn)題上意見(jiàn)分歧。

Why do people disagree?

為什么人們產(chǎn)生意見(jiàn)分歧？

bridge over the chasm between capital and labor

在消除勞資雙方之間的意見(jiàn)分歧 [隔閡]

A disagreement or controversy.

意見(jiàn)分歧不一致或有爭(zhēng)議

The Board of Directors divided on the new project.

董事會(huì)對(duì)這個(gè)新計(jì)劃意見(jiàn)分歧。

what is the point of discussing it?

兩個(gè)人意見(jiàn)分歧太大,再談下去也沒(méi)有什么意思。

Disagreements across the Atlantic--and within Western Europe--prevented common action.

大西洋兩岸意見(jiàn)分歧，——西歐內(nèi)部也同樣分歧——妨礙了采取共同行動(dòng)。

The party was divided by serious differences.

該黨因存在嚴(yán)重的意見(jiàn)分歧而四分五裂。

bring (people who are disagreeing)into agreement

使（有分歧的人）意見(jiàn)一致

His opinions were not in unison with those of the majority of men.

他的意見(jiàn)與大多數(shù)人的意見(jiàn)有分歧。

""agreement to disagree" formula"

“同意保留分歧意見(jiàn)”的方式

We had a slight misunderstanding over the time.

我們?cè)跁r(shí)間方面意見(jiàn)稍有分歧.