股票的市场价值曲线接近固定适应值点的左边,右边接近预期收益的资本化的点。低预期未来收益、适应值更多贡献公司的股权的市场价值,和修正预期未来收益对公司的估值。高预期的未来收益,然而,递归价值更多的贡献公司的股权的市场价值,和修正预期未来收益对市场价值有很大的影响。中产阶级的收入,市场价值属性到一个更加平衡的递归组合和适应值。在这种情况下,保持适应值不变,市场价值修正,因为预期未来收益的均值的变化取决于水平的预期收益的均值。市场价值之间的关系的斜率和预期收益的增加超过预期未来收益的范围对其极限值,收益资本化的部分。
英国德比论文代写:股票的市场价值
The market value of equity curve is approaching the fixed adaptation value on the left of the point, and approaching capitalized expected earnings on the right of the point. For low expected future earnings, adaptation value does more contribution to market value of firm’s equity, and a revision in expected future earnings matters little for the valuation of a firm.For high expected future earnings, however, recursion value does more contribution to market value of firm’s equity, and a revision of expected future earnings has a great impact on market value. For middle class of earnings, the market value is attributive to a more balanced combination of recursion and adaptation value. In this case, keeping adaptation value constant, the market value revision because of a change in the mean of expected future earnings depends on the level of the mean of expected earnings. The slope of the association between market value and expected earnings increases over the range of expected future earnings towards its limiting value, the earnings capitalization part.
