SOME FORMAL CONNECTIONS BETWEEN ECONOMIC VALUES AND YIELDS AND ACCOUNTING NUMBERS
SOME FORMAL CONNECTIONS BETWEEN ECONOMIC VALUES AND YIELDS AND ACCOUNTING NUMBERS
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经济价值、产量和会计数字之间的一些正式联系
DOI：
10.1111/j.1468-5957.1982.tb01001.x
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发表时间：
1982
影响因子：
2.9
通讯作者：
K. Peasnell
中科院分区：
文献类型：
--
作者：
K. Peasnell
本文报道了一些关于会计数字与经济价值和收益率之间关系的结果。有些结果已经出现在以前的文献中，有些是新的。它们被收集在一个共同的分析框架，以证明其形式，数学性质。它表明，现值可以通过贴现几乎任何利润数字;会计收益率定义了一个贴现函数直接类比的期限结构和内部收益率;和内部收益率可以表示为一个线性加权和的会计收益率。
This paper reports a number of results concerning the relationship between accounting numbers and economic values and yields. Some of the results have appeared previously in the literature and some are new. They have been collected together in a common analytical framework in order to demonstrate their formal, mathematical character. It is shown that present value can be obtained by discounting almost any profit numbers; that accounting rates of return define a discount function directly analagous to the term structure and the internal rate of return; and that the internal rate of return can be expressed as a linear weighted sum of accounting rates of return.