基于会计信息的权益估值研究:线性信息动态过程视野

基于经典权益定价理论,我们给出了广义的线性信息动态过程下的权益价值定价方法,并将线性权益定价模型拓展到了更一般的基于p阶历史信息的情形。本研究为探讨会计信息与公司权益价值之间的关系提供了重要的理论基础。

On Accounting-Based Equity Valuation: Linear Information Dynamics Perspective

Based on classic equity-pricing theory,we put forward a method of equity valuation in the context of general linear information dynamics process,and extend equity valuation model into a more general situation with p-order information vector.This paper provides an important theory basis for exploring the relation between accounting information and equity valuation.