摘要翻译：
为了研究金融市场中煤炭企业经营管理与收益之间的关系，本文运用时差相关法和PageRank法对a股市场中21家煤炭企业的股票集合进行了领先指数的求取，并对这些股票进行了评分。基于2011年的收益率，揭示了收益率序列的异步性，并呈现了我们股票集的层次结构。最后，我们将实证结果与企业层面的变量进行了比较，并讨论了它们之间的关系。研究结果表明：经营状况良好的大型煤炭企业，其股票收益率往往具有先行性；公司规模与PageRank方法给出的得分呈显著正相关。
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英文标题：
《Coal Enterprise Management and Asynchronism of Return》
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作者：
Kenan Qiao
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最新提交年份：
2012
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Portfolio Management        项目组合管理
分类描述：Security selection and optimization, capital allocation, investment strategies and performance measurement
证券选择与优化、资本配置、投资策略与绩效评价
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一级分类：Quantitative Finance        数量金融学
二级分类：Statistical Finance        统计金融
分类描述：Statistical, econometric and econophysics analyses with applications to financial markets and economic data
统计、计量经济学和经济物理学分析及其在金融市场和经济数据中的应用
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英文摘要：
  For researching the association between coal enterprise management and return in financial market, this paper applies the method of time difference relevance and PageRank method to seek the leader-index of a stock set containing 21 coal enterprises in A-share market and score those stocks. Based on the return in 2011, the asynchronism of the return series is revealed and presents a hierarchical structure of our stock set. Finally, we compare the result with the firm-level variables and discuss the relation between them. The results show that those large coal enterprises with a good management condition always present an antecedence of stock return; there is a significant positive association between company scale and the score given by PageRank method.
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PDF链接：
https://arxiv.org/pdf/1211.2754