So we ca n ' t consider that the higher value of options the more possibility of the investment . 3 ) through the factor 1 / ( 1 - 1 ) , we connected the traditional theory and tobin q with the real options theory and give the quantity correction of valuation rule as l * = / ( - 1 ) ( - ) i > ( - ) i and q * = 1 / ( 1 - 1 ) > 1 ( 3 )本文通过乘数_ 1 / ( _ 1 - 1 )将期权决策标准与传统的投资理论模型和托宾q联系起来了。并通过该参数对传统的决策标准从数学公式上进行了修正得到和这两个标准。
The third kind of channels is the asset prices channels , in particular the equity ( stock and bond ) price channels , which include the investment - related tobin ' s q channel and the consumption - related wealth channel . the fourth kind of channels is the exchange rate channel . each channel is related to an implicit financial structure and the financial structure impacts on the scope and relative strength of the concerned kind of monetary transmission channels 第3章根据资金流量帐户,从金融工具的发展速度和顺序、金融总体相关比率和相对比率、金融机构和金融市场的结构和渗透程度、非金融部门(居民、企业和政府)的金融资产负债结构共四大方面,系统地考察了中国金融结构的变迁轨迹,以及以美国为参照系的演变前景。
One is to study the relationship between the share - holding structures of senior supervisor , stock structure etc , and the finance performance of the corporate ; the other is to study the relationship between correlative factors of the corporate governance . in this article , based on the analysis of the relationship between corporate governance and financing performance , the author divide performance into two aspects : roe and tobin ' s q ratio , tries to establish the correlation and regression analysis mathematics model of corporate value and developing ability of the corporate , using statistical software spss10 . 0 , carry through the correlation and regression analysis , then analyzes the model to study the relationship between corporate governance , corporate value and developing ability of the corporate . this is a beneficial experiment to the research of the relationship between corporate governance and performance 本文试图在分析公司治理结构各方面与公司经营财务业绩相关关系的基础上,将公司绩效分解为净资产收益率代表的公司价值和托宾q值代表的公司价值成长能力两个指标,分别建立公司价值与公司治理结构各影响因素以及公司价值成长能力与公司治理结构各影响因素关系的多元线性数学模型,利用spss10 . 0统计软件,对之进行多元线性回归分析,考察它们之间的相关性和回归系数,并通过拟和出的回归方程考察公司短期与长期发展能力与公司治理结构的关系,是对公司治理结构与公司绩效关系进行研究的一次有益尝试。