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S. Wang · 2023年06月20日

可以简单的理解情景分析就是将重大的变量纳入模型,去看对公司财务表现的影响对不?还想问下老师,情景分析一定会用到模型吗?另外,我记得情景分析一定是bottom up不,可不可以top down去研究具体的变量是由于哪些公司贡献的最多?

NO.PZ2022120702000054

问题如下:

J Justin Deyzak is conducting a review of the food industry and came comes across two companieswhich are interesting investment opportunities. Because he is aware that agricultural companies can be highly exposed to climate risk, he investigates Company A and Company B’s business models in order to assess those risks. Below is the summary of his findings.

In what way is Justin least likely to conduct scenario testing to refine his assessment of the companies’ climate risk?

选项:

A.Justin could impose a shadow carbon tax in his financial model to quantify any potential impact on the companies' margins. B.Justin could obtain information on how a 2.1 degree Celsius change would impact agricultural output in the countries to which both companies are exposed and include that in the financial model. C.Justin could quantify the short-term impact of extreme weather events on both companies' preparedness for physical disruptions in his financial model D.Justin could incorporate the impact of climate change and risk purely on the socio- economic conditions of workers in the affected regions.

解释:

本题问的是Justin最不可能通过何种方式进行场景测试来完善他对公司气候风险的评估。

A选项Justin可以在他的财务模型中征收影子碳税,以量化对企业利润率的潜在影响。B选项Justin可以获得关于2.1摄氏度的变化将如何影响农业产量的信息,并将其纳入金融模型。C选项Justin可以在他的财务模型中量化极端天气事件对两家公司应对物理破坏的短期影响。A,B,C三种方法均可以执行。

D选项Justin可以将气候变化的影响和风险纯粹纳入受影响地区工人的社会经济条件。情景分析不是把气候变化的影响纳入工人的社会经济条件,看对工人的影响,而是看对公司财务表现的影响,因此选择D选项。

可以简单的理解情景分析就是将重大的变量纳入模型,去看对公司财务表现的影响对不?还想问下老师,情景分析一定会用到模型吗?另外,我记得情景分析一定是bottom up不,可不可以top down去研究具体的变量是由于哪些公司贡献的最多?

1 个答案
已采纳答案

王岑 · 2023年06月21日

嗨,努力学习的PZer你好:


是的。情景分析是一种方法,用来评估和估计重大变量对公司或组织财务表现的影响。它通常涉及制定不同的情景或假设,然后在这些情景下进行预测和分析。这种分析可以帮助企业了解不同变量或情景对其财务状况和绩效的影响程度。情景分析通常是使用模型作为分析工具的,模型可以是数学模型、统计模型、财务模型或其他类型的模型,用于建立变量之间的关系和进行预测,帮助分析者更系统地理解和评估不同情景或变量对企业财务表现的影响。但有时候,情景分析可以直接使用定性的思考、假设和预测,而无需依赖具体的模型。这种情况下,分析师可以根据经验、专业知识和直觉,考虑不同变量和情景的可能影响,并进行评估和决策。

情景分析可以用bottom-up或top-down的方法。top-down情景分析就是指从整体情景的角度出发,逐步分解和观察各个变量的影响。这种方法适用于对整体影响进行估计和预测的情景分析,例如对整个行业或市场的预测和趋势分析。bottom-up则是先对具体变量进行研究和分析,然后将这些分散的变量整合到整体情景中。这种方法通常需要详细的数据和信息收集,可以深入了解各个变量的特点和影响。它适用于需要具体了解各个组成部分对整体的贡献的情景分析,例如具体产品线的销售额、特定市场的增长率等。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

S. Wang · 2023年06月22日

非常清楚,感谢老师!

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