Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal
英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献
ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter
澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文
小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法
英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查
temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语
经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目
日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题
职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意
论文作者:www.51lunwen.org论文属性:硕士毕业论文 thesis登出时间:2014-09-18编辑:felicia点击率:31669
论文字数:12190论文编号:org201409160936028892语种:英语 English地区:中国价格:免费论文
关键词:账面价值收益股票价值equity valueearningsbook value
摘要:如何写好一篇会计学留学论文?需要注意哪些方面的问题?本文将为你展示一篇优秀的会计学优秀论文的写法。在发达国家,收益和账面价值都是在预测股票价值方面都发挥着极为重要的作用。然而在中国,收益本身似乎随着时间的变迁,其重要性在不断地削弱。账面价值与股权价值的联系重要且紧密。本文就收益和股权价值方面分析,探索股票价值的不断发展。
The increase in credit market interest rates in the fourth quarter in 2007 is a turning point; it reversed the continued downward trend in interest rates in the third quarter of 2005. At the same time, the revaluation of the Chinese market and the increase of the process of synchronization is a decline in interest rate, and the market period of decline in other basic synchronization is also a rise in interest rates. Since the first quarter of 2008, the stock market in China has been far beyond expectations of all the investors for the rapid decrease in the large scale of stock price.
From the point of view liquidity supply, the trend of capital inflows may be the maintenance of high and even expanding; taking the changes in the direction of the real economy into account, the trend of credit control may be tight after the first song, as well as, the trend in the supply of liquidity should be about high after the first low. In other words, in the short term, the credit control leads to tighter liquidity or even shortage, the existence of asset markets may also have some pressure, the pressure can track from changes in interest rates in the credit market and consider the imbalance of the market itself to infer. In the medium to long term, the trend of assets revaluation is still clear and the bull market in China will still exist.
The average earnings as a percentage of book value also exhibit large variation over period. What is interesting is that the in China average earnings scaled by book value are higher than in more advanced countries. This difference in earnings may be an influence of the degree of business risk associated with the specific economic environment in China. The environment in the developed markets is more competitive as firms have to compete not only with many domestic competitors but also with many foreign rivals.
But the business environment in China is not so open and less competitive. Chinese companies are protected from internal and external competition with entry barriers and large scale and numbers regulation. In addition to that, many sectors in China, such as high-tech sectors, electronically communication sectors and industrial sectors etc., are highly concentrated and control is dominated by some very large companies, the typical characteristics of an oligopolistic market that yield high profits.
Table 2
Summary statistics of Chinese firm’s Market value (Pt), Earnings (Et) and Book Value (Bt) scaled by Book Value (Bt-1) between 2001-6-30 and 2008-12-31
Note: Pi,t is price per share (market value) of equity for firm i at the end of period t; Ei,t is the annualized earnings per share for firm i in period t; Bi,t is book value per share for firm i at the end of period t. Following Bowen (1981), Burgstahler and Dichev (1997) and Bao and Bao (1998), the v本论文由英语论文网提供整理,提供论文代写,英语论文代写,代写论文,代写英语论文,代写留学生论文,代写英文论文,留学生论文代写相关核心关键词搜索。