中国正在经历一场高度经济转型的道路上成为一个重要的和不可替代的一部分,目前全世界经济一体化。因此,有趣的是检查如果收益的协会,账面价值与股票价格适用于更大的和更有效的市场仍将保持在一个不成熟的股市(发展中),喜欢中国。本文的目的是检查之间的关系递归价值(收入),适应值(账面价值)在一个新兴的股票市场和股票价值。本文的结果将表明,收益与股价显著相关成功和中间派公司;同时,账面价值与股票价格明显失败的公司。这可能表明,“递归价值”的部分公司的股权价值是相对更重要的股票估值比“适应价值”成功(高收益)的公司,而“适应价值”的部分公司的股权价值是相对更重要的股票估值比“递归价值”不成功(低收益)的公司。
英国肯特论文代写:高度经济转型
China is experiencing a highly economic transition and on the path to become an important and irreplaceable part of economic integration all over the world at present. Therefore, it is interesting to examine if the association of earnings, book value with stock prices which is applied to the larger and more efficient market will still hold in an immature (developing) stock market, like China. The objective of this dissertation is to examine the relationships between recursion value (earnings), adaptation value (book value) and equity value in an emerging stock market.The results of this dissertation will show that earnings is associated with stock price significantly for successful and middle-of-the-road companies; while, book value is associated with stock price significantly for unsuccessful companies. This may indicate that the “recursion value” portion of a company’s equity value is relatively of greater importance in equity valuation than “adaptation value” for successful (high earnings) companies, whereas the “adaptation value” portion of a company’s equity value is relatively of greater importance in equity valuation than “recursion value” for unsuccessful (low earnings) companies.
