equity earning 中文意思是什麼
equity earning
解釋
股本盈利-
Moreover, this paper discusses the feasibility of option pricing theory by adopting cases. on the one hand, it admits this method plays a key role in the realization of " debt - in - lieu - of - equity " of state - owned enterprises and appraising the value of potential earning - capacity ; on the other hand, it illustrates the application of option pricing theory in appraisal is still immature. for it can not meet the prerequisite of the theory ; its result will not be generally accepted and the quality of appraisal staff are relatively lower, this method is not applicable to business valuation aiming at equity alteration. thus it should not be regarded as a brand - new appraisal method to be promot ed in the short run. in the finial the thesis forms its conclusion on method application of superseding cost method gradually. generalizing the use of income method and developing the sense of using option pricing method
由於成本法所固有的局限性，無法評估出資產組配成具有獲利能力的整體資產的創造性價值，因此注重企業獲利能力的收益法已成為轉軌時期中國評估業的現實選擇，並進一步對收益法的起源、方法特點和適用性進行了深入的分析；運用理性分析與案例分析相結合的方法對收益法發展的新階段? ?期權定價法應用於企業價值評估的可行性進行了研究，肯定了這一方法對國企實現「債轉股」和評估高新技術企業潛在獲利能力價值的重大意義，同時對此方法應用於企業價值評估不滿足前提條件、評估結果的可接受性、及評估人員素質等方面說明了這一方法在資產評估領域的應用尚不成熟，尤其不適用於產權變動為目的的企業價值評估，因而短期內不宜作為一種全新的評估方法推廣。 -
2 ) we can do it by applying the dcf model and earning income scheme. second ly, whereas these theories are applied very well abroad, i will discuss the practicability of these theories when we use in chinese stock market, then i will draw a conclusion that there is some localization when these theories are applied in chinese stock market. finally, by studying the markov process, we can see the equity risk premium data which are derived from chinese stock market have characteristic of markov process, so i will establish the model based on the markov process and make a short time forecast about chinese equity risk premium
我們首先對諸多國外理論工作者在這方面的研究做一次總體的介紹與分析，國外的理論工作者在研究股權風險溢價，可以分為兩大類：一是運用歷史數據估計未來股票市場的業績；二是以運用dcf模型或收入收益方案為基礎進行的研究工作；其次，鑒于上述理論在國外良好的實用性，我們進一步討論這些國外的理論在研究中國股票市場股權風險溢價時的實用性，並得出這些理論應用於中國股票市場的局限性；最後，通過對馬氏鏈的研究得出中國股票市場上的股權風險溢價的樣本數據同樣滿足馬氏鏈的特徵，本文建立了基於馬氏鏈的股權風險溢價模型。 -
Third, the financing structure rely on internal financing mainly in the developed countries was correlated with the strong earning capacity and the high degree internal equity accumulate of the companies
3 、發達國家企業高度發展內源融資的融資結構與發達國家企業的獲利能力和權益積累水平相關。 -
The modern capital structure theory shows that a company ' s financing structure does affect its value, so firms usually raise their finance in pecking order : retained earning refinancing, debt financing, and then external equity financing
現代資本結構理論表明，公司的融資結構確實影響公司價值，公司的融資順序應遵循優序融資理論，即留存收益優先，債權融資次之，外部股權融資最後。 -
Through comparing with the advantage and disadvantage of pure earning method ( per net capital, investment earning ratio ) and risk - adjusted method ( jensen index, treynor index, sharpe index, m2, t - m model, h - m model, morning star ). the paper point out the existing problem on the performance measurement of equity investment fund
其次，對證券投資基金績效的評價方法進行綜合性介紹；主要介紹傳統的純收益法（如：基金單位凈資產，基金的投資收益率）和現代的風險調整法（如：詹森指數、特雷利諾指數、夏普指數、 m2指標、 t ? m模型法、 h ? m模型法、晨星法）以及數據包絡分析方法。 -
This study is focused on the financial index relativity between pre - seo and after - seo of 31 sample companies, which issued seasoned equity from 1998 to 2000. the results of the study are listed as followings : first, the relativity of economic valve added between pre - seo and after - seo is more evident than that of net profit, earning per share and return on equity
通過相關性檢驗發現：經濟附加值指標在公司實施股票增發前後體現的相關性要較每股收益、凈利潤和凈資產收益率等傳統業績評價指標要顯著，利用經濟附加值指標能夠幫助投資者更加準確的預期上市公司實施股票增發以後的業績。
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