摘要
竞争优势持续期是企业投资收益率超过资本成本的可持续时间 ,这一概念有效联结了股票估值理论与企业竞争优势评价理论。本文根据Danielson( 1 998)的竞争优势持续期评价模型检验了部分家电行业上市公司的竞争优势持续期 ,并且对竞争优势持续期与股票持有期收益率之间的相互关系及一些特殊现象进行了深入探讨。
The Competitive Advantage Period (CAP) is the sustainable time during which the business investment income exceeds the capital cost. This concept joints together effectively the theory of stock value of assessment and the theory of business competitive advantage appraisal. According to Danielson's (1998) mode of the appraisal on the CAP, this paper surveys such a period of some listed companies in the home appliances industry, and makes a thorough probe into the correlation between the CAP and the income rate of stock-holding period and some other special phenomena.
出处
《当代经济科学》
CSSCI
北大核心
2002年第6期41-44,共4页
Modern Economic Science