UC知道急需财会论文翻译！！！有人能帮我翻译下吗
来源：百度知道 编辑：UC知道 时间：2024/05/18 00:08:36
我最近在看一些专业的英文文献，由于英文水平有限，有很多不明白的地方，想请教各位。大家帮帮我好吗？看得我头都大了：（（（在此先谢谢大家了，下面是一段：
They find that when stocks are ranked on three- to five-year past returns,
past winners tend to be future losers, and vice versa. They attribute these
long-term return reversals to investor overreaction. In forming expectations,
investors give too much weight to the past performance of firms and too little to
the fact that performance tends to mean-revert.
（摘自Fama1998年发表的《Market effciency, long-term returns, and behavioral finance》）
They find that when stocks are ranked on three- to five-year past returns,
past winners tend to be future losers, and vice versa. They attribute these
long-term return reversals to investor overreaction. In forming expectations,
investors give too much weight to the past performance of firms and too little to
the fact that performance tends to mean-revert.
（摘自Fama1998年发表的《Market effciency, long-term returns, and behavioral finance》）
他们发现当股票被排列在三对五年过去回归, 通过优胜者倾向于是未来输家, 并且反之亦然。他们归因于这些长期回归逆转投资者过度的反应。以形成期望, 投资者给许多重量企业过去表现和太少许事实表现倾向于意味恢复。???Fama1998?????Market effciency 、长期回归, 和关于行为的财务?? 。