論文代寫價格-成長型股票和價值型股票

23 7月 論文代寫價格-成長型股票和價值型股票

本篇文章講的是成長型股票和價值型股票,當考慮到支持傳統資產定價理論的人,可以發現價值溢價背後的困惑。這可以表述為成長型股票,其中價值對業務階段的依賴性更強,考慮到經濟的情景,它可能涉及價值依賴性較低的風險。因此,可以這樣說,成長型股票被認為是在處理更高的貝塔以及更高的回報的參與。然而,沒有一個論據被放在經驗證據考慮這一說法的準確性。另一方面,與成長型股票相比,價值型股票可以被認為具有較高的收益,但存在低貝塔係數的參與。本篇論文代寫價格文章由美國論文人EducationRen教育網整理,供大家參考閱讀。

When considering the proponents regarding conventional theory towards the pricing of asset, there can be an identification of the puzzle behind value premium. This can be stated as growth stocks within which values have more dependency on the stages of business and it may involve risk within which there is low dependency of values considering the scenarios of economy. Therefore, it can be stated that growth stocks are known to be dealing with the involvement of higher betas as well as higher returns. However, none of the arguments have been placed by empirical evidences to consider the accuracy of this statement. On the other hand, value stock can be considered to have high returns when comparing it with growth stock but there is an involvement of low betas.
Considering a famous example, the HML of Fama- French ended up returning 0.45 per cent as per month within the period of 1963 and 2006. Even when considering the risk systematically, the estimated value of Alpha had been identified as 0.58 per cent and is said to involve high significance. Since recent time, Chen et al. (2006) mentioned about less evidence in order to claim that the impact of value premium has weakened significance. Hence, it can be considered as an anomaly persistent scenario. There can be a calculation of HML by “high book-to-market portfolio returns minus low book-to-market portfolio returns”. An argument had been placed by Fama (1993) and French (1995) that there can be a consideration of HML as a risk factor for the representation of distress related to finance among weak business organizations where there is an involvement of low earnings. There is an underlying tendency to have higher ratios when considering book value to market value. From the other perception, there was an underlying suggestion by Lakonishok et al. (1994) that if investors incorrectly extrapolated, the past growth of earning value ends up becoming a source to generate value premium.
When considering the principle of accountancy, in the duration of uncertainty, the underlying deference is to recognize earnings from the future until or unless uncertainty is resolved. This is the principle of realization that is known to be commanding the accountants to consider book earning while there is a need of largely resolving risk within the actual earnings as per what is expected. In accordance with the asset pricing theory, an accountant may not have the abilityto recognize the value of earning until the business organization will consider booking an asset when comparing low beta. Most of the time is cash receivable or near- cash receivable.
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