We adopt a standard equity valuation relation,the constant-growth dividend discountmodel (DDM),as the base for our P–E modelling.The advantage of the DDM is that itallows identification of the fundamental determinants of P–E and provides their ex

来源：学生作业帮助网编辑：作业帮时间：2024/11/06 02:45:27

We adopt a standard equity valuation relation,the constant-growth dividend discountmodel (DDM),as the base for our P–E modelling.The advantage of the DDM is that itallows identification of the fundamental determinants of P–E and provides their ex
We adopt a standard equity valuation relation,the constant-growth dividend discount
model (DDM),as the base for our P–E modelling.The advantage of the DDM is that it
allows identification of the fundamental determinants of P–E and provides their expected
signs in the empirical model.The DDM,when transformed into a P–E determination
model,takes the form:这里是个公式
where P,E,D,g and k represent the stock price,periodic earnings per share,declared
dividend,discount rate,and growth rate of earnings per share respectively,and the
subscripting reflects the time period.
However,casting the earnings-scaled DDM as a behavioural model suitable for
statistical estimation raises some problems.In particular,reinterpretation of the growth
rate in terms of some form of expected value is required.Additionally,the relevant market
risk-related premium needs to be measured and incorporated into the discount rate or
otherwise represented in the model.The problems of adequately measuring expected growth and of properly reflecting the risk premium in the model lead us to extend its form
beyond that immediately derived from the DDM.

We adopt a standard equity valuation relation,the constant-growth dividend discountmodel (DDM),as the base for our P–E modelling.The advantage of the DDM is that itallows identification of the fundamental determinants of P–E and provides their ex
太专业了,不大懂.以下为金山翻译出来的结果,仅供参考：
我们采用一个标准的资产估值的关系,不断增长的股利贴现
模型（DDM）功能,作为我们的P - E建模的基础.该DDM的好处是,它
可以识别的P - E的基本决定因素,并提供他们的预期
在实证模型的迹象.其DDM,当把一个P - E的决心转化
模型,采取的形式如下：这里是个公式
其中P,电子,研发,克和K代表股票价格,每股收益周期,宣布
股息,折扣率和每股收益的增长速度分别与
下标反映的时间段.
不过,铸造的收益,作为一个规模DDM的行为模式适合
统计估计提出了一些问题.特别是,重新解释的成长
在一些形式上的预期值率是必需的.此外,相关市场
风险相关的保费需要测量到的折扣率或纳入
否则代表的模式.充分衡量预期的增长和适当反映在模型中的风险溢价使我们扩大它的形式的问题
除此之外,立即来自DDM的.

全部展开

我们采用一个标准的资产估值的关系，不断增长的股利贴现
模型（DDM）功能，作为我们的P - E建模的基础。该DDM的好处是，它
可以识别的P - E的基本因素，并提供他们的预期
在实证模型的迹象。其DDM，当把一个P - E的决心转化
模型，采用的形式如下：这里是个公式
其中P，英，地下D和K代表股票价格，每股收益周期，宣布
股息，折扣率和生长率分别为每股收益，以及
下标反映了一段时间。
不过，铸造的收益，作为一个规模DDM的行为模式适合
统计估计提出了一些问题。特别是，重新解释的成长
在一些形式上的预期值率是必需的。此外，相关市场
风险相关的保费需要测量到的折扣率或纳入
否则代表的模式。对问题充分衡量预期growt

收起

英语翻译Dears.As the external auditor of SHI headquarter in Korea,we are sending thismail to the external auditor of subsidiaries of SHI.SHI will adopt International financial reporting standard(IFRS)effectively from 2011 FY and as a comparativ We adopt a standard equity valuation relation,the constant-growth dividend discountmodel (DDM),as the base for our P–E modelling.The advantage of the DDM is that itallows identification of the fundamental determinants of P–E and provides their ex sleep debt accumulates and harms our health and we need to adopt a sleep As we can adopt counter plan when something unexpected occurs instead of being at a loss 求翻译翻译：since no better plan had been put forward,we had to adopt a basically workable one Since we have not resolved this problem so far,we need to adopt a different _____ to it.选项:a、altitudeb、appreciationc、applicationd、approach we have a standard room with air conditioning and bathtub.(对画线部分提问)a standard room with air conditioning and bathtub就是画线部分. The world will be different,and we will have to prepared to ___to the change?[A] apt [B] adapt[C] adept [D] adopt standard standard standard this is a standard是什么意思 After seemed a period of five years,they decided a child.A that; to adopt B what ;adoptingC what ; to adopt D which;to adopt we can do a standard twin room for 300 yuan per night.这个do是什么意思?什么用法? 英语翻译1、r-tech welder2、The standard link anode has no resistor.We do produce a r-tech link anode. 英语翻译1、r-tech welder2、The standard link anode has no resistor.We do produce a r-tech link anode. 英语翻译1、r-tech welder2、The standard link anode has no resistor.We do produce a r-tech link anode. afraid to be pregnant的话是否可以adopt a child