For the purpose of analyzing the private equity investment return, this paper investigates the extent to which current earnings performance persisting into future depends on the components of earnings, and tries to fi...For the purpose of analyzing the private equity investment return, this paper investigates the extent to which current earnings performance persisting into future depends on the components of earnings, and tries to find out whether stock price reflects the information of earnings. Comparing to accrued components of earnings, cash flow components of earnings has more explanatory ability for abnormal returns and with higher persistence, especially for new economic industry. Eventually we find that investors＇ inability to distinguish correctly among the components of earnings. Constructing a portfolio based on the magnitudes of accrued components of earnings, we can earn 4% to 13% of excess returns for new economic industry and general industry.展开更多
If assortment priee parity of Clase coking coal and its qtalty price danrcnee is nonreasonable, it deren't gulde in Anprotrig tbe quallry metaliurgical coking coal and may be influence theeconomic benefit of me...If assortment priee parity of Clase coking coal and its qtalty price danrcnee is nonreasonable, it deren't gulde in Anprotrig tbe quallry metaliurgical coking coal and may be influence theeconomic benefit of metallurgical enterprises. This paper propose the principles and mathematicmodel for determination aseortment party of clean cokingcoal and its quality difference of ash content in clean coking coal in order to urge wasbenes into producing superior clean coking cleal whichis under condition of consideration both interest waskeries and interest metallurgicai industry. It canbe used as a method in theory to make price strategies under condition of socialism maket economicfor washeries of clean coking coal展开更多
文摘For the purpose of analyzing the private equity investment return, this paper investigates the extent to which current earnings performance persisting into future depends on the components of earnings, and tries to find out whether stock price reflects the information of earnings. Comparing to accrued components of earnings, cash flow components of earnings has more explanatory ability for abnormal returns and with higher persistence, especially for new economic industry. Eventually we find that investors＇ inability to distinguish correctly among the components of earnings. Constructing a portfolio based on the magnitudes of accrued components of earnings, we can earn 4% to 13% of excess returns for new economic industry and general industry.
文摘If assortment priee parity of Clase coking coal and its qtalty price danrcnee is nonreasonable, it deren't gulde in Anprotrig tbe quallry metaliurgical coking coal and may be influence theeconomic benefit of metallurgical enterprises. This paper propose the principles and mathematicmodel for determination aseortment party of clean cokingcoal and its quality difference of ash content in clean coking coal in order to urge wasbenes into producing superior clean coking cleal whichis under condition of consideration both interest waskeries and interest metallurgicai industry. It canbe used as a method in theory to make price strategies under condition of socialism maket economicfor washeries of clean coking coal
