Far from being an engine of economic growth, the typical infrastructure investment fails to deliver a positive risk-adjustedreturn, "the paper found."
“典型的基建投资不光远远不是经济增长的引擎，而且不能提供经风险调整的正回报，”该论文发现。
2
Using the risk-adjustedreturn to evaluate the funds performance, the open-end funds outguess the market, and there is strong correlation between different rankings by using different indexes.
This paper researches the principle of allocate economic capital. Depending on limitation of the previous economic capital allocation, we take Risk-AdjustedReturn on capital (RAROC) as the base.