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英国结构学论文代写:股权价值期间

本研究发现,股权价值期间是一个函数(1)的时间序列的持久性收入的系列,(2)使用的利率贴现预期未来收益,(3)收益的相对能力和选择信息来预测未来收益。比较时间统计(1990)表明,响应系数对过去的收益起到了越来越重要的作用来预测未来收益和持久性的递增函数。此外,股票价格的运动改变了有条件的收益被宣布是一个减少收益的可预测性系列的效果,越来越影响的收益持久性。如果可预测性或响应系数的影响是积极的,这是因为价值一元的当期收益的冲击越来越影响的可预测性,如果可预测性或variance-of-price-changes效应是负的,这是因为意想不到的信息发布期间的平均数量是一个递减效应的可预测性。其他研究精制的早期研究瓦解收益成组件,然后实证测试这些组件之间的关系和资产价值.

英国结构学论文代写:股权价值期间

This study found that the equity value during a period is a function of (1) the time-series persistence of the earnings series, (2) the interest rate used in discounting expected future earnings, and (3) the relative ability of earnings versus alternative information to predict future earnings. The comparative statistics of Lipe (1990) showed that the response coefficient played an increasingly important role for past earnings to predict future earnings and an increasing function of persistence. In addition, the movements of stock price changed conditionally on earnings being announced was a decreasing effect of the predictability of the earnings series and an increasing effect of earnings persistence. If the predictability or response-coefficient effect was positive, that was because the value attached to a one-dollar current-period earnings shock was an increasing effect of predictability; if the predictability or variance-of-price-changes effect was negative, that was because the average quantity of unexpected information released during the period was a decreasing effect of predictability. Other studies refined the earlier studies by disintegrating earnings into components and then empirically testing the association between these components and equity values

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