「賺越多、漲越多？」獲利與報酬之間的真實關係 (Fama and French,2006)

from 論文投資學 Quantified Dialogues · host J&A

這裡是論文投資學 Quantified Dialogues，每周用AI探討有意思的投資學術論文和我們一起踏入投資的專業世界論文大綱: 這篇分析探討了尤金·法瑪和肯尼斯·弗倫奇的研究，該研究旨在解釋公司獲利能力和投資對股票報酬的影響。他們開發了實證模型，並發現以滯後獲利能力、資產增長和應計項目作為預期指標，能有效預測股票報酬。內文討論:   A. 為什麼用「過去的獲利能力」來預測股票報酬會比用複雜模型還準？ B. 資產成長率跟未來報酬呈負相關，是不是代表成長股報酬會比較差？ C. accruals 是什麼？為什麼它跟股票報酬有負相關？ D. 論文中的「公司強度」指的是什麼？真的能用來預測報酬嗎？ E. 這些指標對小型股和大型股的預測效果一樣嗎？ F. 加入這些變數後模型的解釋力變強了多少？ G. 為什麼「回歸預測值」反而比「簡單落後變數」預測能力還差？ H. 這些變數的預測效果是否只在某些時期特別有效？ I. 如果我想自己用這個模型投資，要怎麼抓出 lagged profitability 和 asset growth？ J. 實際應用時，這種方法能打敗市場嗎？還是只是研究上的結果？資料來源: Fama, Eugene F., and Kenneth R. French. "Profitability, investment and average returns." Journal of financial economics 82.3 (2006): 491-518. Powered by Firstory Hosting

Episode metadata supplied by the publisher feed · Published Jul 24, 2025

Embed this episode

Attribution link and audio player

Ready to play

「賺越多、漲越多？」獲利與報酬之間的真實關係 (Fama and French,2006)

0:00 10:28

1×

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

No similar episodes found.

Similar Podcasts

Crypto Education Cypher Funk Elevate your crypto game with the University's Audio Channel! Enjoy free education that uncovers the secrets of blockchain and investment strategies. Perfect for all levels – unlock your potential in the crypto world now!__00___¡Eleva tu juego cripto con el Canal de Audio de la Universidad! Disfruta de educación gratuita que revela los secretos de la cadena de bloques y las estrategias de inversión. Perfecto para todos los niveles – ¡desbloquea tu potencial en el mundo cripto ahora!__00___提升你的加密游戏，加入大学音频频道！享受免费教育，揭示区块链的秘密和投资策略。适合所有水平的人士——现在就在加密世界中释放你的潜力吧！ Oliver Bardwell Podcast Oliver Bardwell Welcome to ”The Oliver Bardwell Podcast,” where insightful conversations converge. Join me, Oliver Bardwell, author, speaker, and seeker of wisdom, as I engage in thought-provoking dialogues that span spirituality, unity, and diverse perspectives. Delve into respectful discussions with legislators, doctors, education experts, and guests from every corner of life, as we explore a myriad of intriguing topics. From the heart of Iowa to the world, let’s embark on a journey of discovery and understanding together. Albert英语研习社 Albert英语研习社欢迎关注微信公众号「Albert英语研习社」获取节目文本和更多原创英语学习内容。关于Albert ●没有名牌大学背景，没有英语专业背景 ●没有国外留学经历，没有英语生活环境 ●22岁成为500强公司英文讲师，录音素材全球员工使用 ●24岁自学成为同声传译 ●25岁为瑞士总统翻译

Frequently Asked Questions

How long is this episode of 論文投資學 Quantified Dialogues?

This episode is 10 minutes long.

When was this 論文投資學 Quantified Dialogues episode published?

This episode was published on July 24, 2025.

Can I download this 論文投資學 Quantified Dialogues episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.

URL copied to clipboard!