The value investing philosophy, whi

The value investing philosophy, which can be traced at least to the teaching of Graham and Dodd in the 1930's, entails identifying and investing in potentially under valued stocks with a potential for extraordinary returns. The focus of this thesis is to identify patterns and characteristics in financial accounting data preceding creation of shareholder value.
The authors of this thesis utilize a multivariate discriminant analysis in order to identify indicators of value creation and subsequent extraordinary returns in in value stocks. A discriminant function is derived which successfully identifies which value stocks will eventually become growth Stocks.

結果 (中文) 1:

价值投资理念，可以追溯至少到一九三 ○ 年代的格雷厄姆和多德教学，需要查明和潜在投资下高估值的股票具有非同寻常的回报的潜力。本论文的研究重点是找出模式和在前面创造股东价值的财务会计数据的特点。这篇论文的作者利用多元判别分析，确定指标的价值创造和价值的股票在随后非凡返回。判别函数导出了成功标识哪些价值的股票最终将成为成长型股票。

結果 (中文) 3:

价值投资的理念，这至少可以追溯到1930年代的格雷厄姆和多德教学，需要识别和投资于可能低估的股票具有非同寻常的回报潜力。本文的重点是确定财务会计数据处理为股东创造价值的模式和特点
。本文利用多元判别分析，以确定价值创造和随后的非同寻常的回报，在价值股指标。一个判别函数推导出成功确定了其价值的股票最终将成为成长股
。