权益成本 meaning in English
cost of equity
Examples
- Cost of equity and its determinants for listed companies in china
中国上市公司的权益成本及其决定要素 - Eva is the difference between return on an organization ' s capital and cost of the capital . it involves the cost both the debt and the equity , and represents the true value added from the operations
它不仅考虑了债务成本，也考虑了权益成本，使得最终的结果，体现了价值的增加部分，真正的反映了企业经营的效果。 - In the condition of perfect capital market , firm s average net cost is a definite quanity . namely , power and profit net cost of no liability firm . it is no relation to capital structure . but power and profit net cost of liability firm shareholder is added with liability rate improved . so firm value is no relation to capital structure ; firm value depends only on firm ' s future surplus . the more future surplus is , the more firm ' value is ; the less future surplus is , the less firm ' s value is
在完善的资本市场条件下，企业的平均成本是一个定量，即为：无负债企业股东权益成本，从而与资本结构无关，负债企业股东的权益成本，则是随负债率的提高而上升。因此，企业价值与资本结构无关。企业价值只取决于企业未来的盈余，未来的盈余多，则企业的价值大，未来的盈余少，则企业的价值小。 - The value created by enterprise every year is the residual income , from which all costs should been deducted , and it still could not be depicted by traditional evaluation systems vividly , such as roe and eps . the main defects lay on two aspects . one is that only the debt capital is directly considered to the gain - or - loss of that year
主要缺陷在以下两方面： ( 1 )传统指标的计算只有债务资本成本计入损益表，而权益成本被忽视了，从而导致成本的计算不完全，因此无法判断公司为股东创造的价值的准确数量； ( 2 )传统指标的计算以会计报表信息为基础，而会计报表信息由于其固有的缺陷对公司业绩的反映本身就存在部分失真。