创造财富是由财富分配的相应模型。的重要条件,通常一个高度莫迪利阿尼和米勒(1958、1961)属性在估值分析,所有者权益会计的经济意义被要求提高股息减少账面价值而不是当前的收益。模型允许信息收益之外,账面价值和股息。附加信息是出于认为预期未来收益受到一些相关的价值活动与当前的收入,也就是说,会计测量结合一些相关事件后延时值。特性是有趣的,因为分析意味着资本化的加权平均收益和账面价值仍然估值函数的支持主要观点,尽管会计数据将不完整的价值指标。Ohlson(1995)做了一个结论,目前收入可能会有强烈的股权价值与市场虽然目前的股息比未来收益预测能力更重要。他的理论框架,进一步实证探索。
英国诺福克论文代写:创造财富
The creation of wealth is separated by the model accordingly from the distribution of wealth. On the important condition that one generally attaches to Modigliani and Miller (1958, 1961) properties in valuation analysis, the economic significance of owners’ equity accounting is enhanced by the requirement that dividends reduce book value but not current earnings. The model allows information beyond earnings, book value and dividends. The additional information is motivated by the idea that expected future earnings are affected by some relevant value events as opposed to current earnings, that is to say, accounting measurements incorporate some relevant value events only after a time delay. The feature is interesting because the analysis implies that the weighted average of capitalized earnings and book value still support the main point of the valuation function, though the accounting data will be incomplete indicators of value.Ohlson (1995) made a conclusion that, earnings at present might have a strong relation with market value of equity while current dividends are more important than future earnings in predictive ability. He made the theoretical framework for further empirical explorations.