美国本科Corporate Finance习题答案能讲解吗？
我目前在美国读本科，现在有几道Corporate Finance的习题不太会做，想让老师讲解答案可以吗？(1)Financial market prices are much too volatile, for financial markets to be efficient. Comment. (2)Maximizing stock prices does not make sense because investors focus on short term results, and not on the long term consequences. Comment. (3)There are some corporate strategists who have suggested that firms focus on maximizing market share rather than market prices. When might this strategy work, and when might it fail? (4)Anti-takeover amendments can be in the best interests of stockholders. Under what conditions is this likely to be true?
最佳答案
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课程顾问-小管家 2022-05-09 13:34:03立即咨询美国本科Corporate Finance习题答案我们可以讲解，针对同学的习题，答案分析如下：
(1) Financial market prices are much too volatile, for financial markets to be efficient. Comment.
市场波动的事实本身并不意味着市场没有效率。如果市场上交易的投资的潜在价值在不同时期变化很大，那么价格应该是波动的。即使潜在价值的波动没有价格那么大，市场犯错的事实并不意味着价格不是对价值的无偏估计。
(2) Maximizing stock prices does not make sense because investors focus on short term results, and not on the long term consequences. Comment.
经验证据不支持所有投资者都关注短期结果的观点。特别是，有证据表明，高增长股票能够获得高市盈率，并且在宣布R&D和重大投资时，股票价格平均上涨，这可以被视为与一些投资者至少关注长期的市场相一致。
(3) There are some corporate strategists who have suggested that firms focus on maximizing market share rather than market prices. When might this strategy work, and when might it fail?
如果从长远来看，更高的市场份额能带来更高的长期利润和现金流，那么这种策略可能会奏效。另一方面，如果更高的市场份额是通过降价和牺牲长期盈利能力来获得的，那么这种策略就不太可能奏效。
(4) Anti-takeover amendments can be in the best interests of stockholders. Under what conditions is this likely to be true?
如果现任管理层是高效的，并且为了现有股东的利益运营公司，反收购修正案将在两个方面有所帮助：①这可能会让他们免受不必要的收购企图的干扰，让他们专注于最大化现金流和价值;②在恶意收购的情况下，这可能会允许现任经理索取更高的价格。
如果同学需要老师进一步针对美国本科Corporate Finance习题答案进行讲解，现在就可以和我们联系，我们会及时安排老师一对一为同学解答相关习题。
