HaoBo · 2024年03月10日
NO.PZ2022072501000014
问题如下：
Which of these is NOT an ESG-integrated valuation technique?
选项：
A.Adjusting sales growth assumptions due to weak employee engagement scores. B.Adjusting cost of capital due to poor governance ratings. C.Adjusting cash flows due to cash tax adjustments. D.Changing fair value price/earnings (PE) ratio due to strong sustainability scores.解释：
解析：
选项C错误。由于税的调整而调整财务数据，这个不是ESG分析。
请问老师这个问题对应讲义的哪里呢？
王岑 · 2024年03月11日
嗨，努力学习的PZer你好：
C选项提到的是“由于现金税调整而调整现金流”。现金税调整通常是基于实际的税收变动或税法修改来进行的，并非直接关联到ESG因素。尽管税收政策可以反映公司的治理质量，例如，避税行为可能指示治理问题，但现金税调整本身并不是一个直接整合ESG评分或考量的估值技术。它是一个更普遍的财务调整，可以因各种非ESG相关的原因而变动，如会计政策改变、税率调整、可抵扣亏损的使用等。
这个知识点可以看一下第七章水印版讲义的P71&72页。
----------------------------------------------努力的时光都是限量版，加油！
NO.PZ2022072501000014问题如下 Whiof these is NOT ESG-integratealuation technique? A.Austing sales growth assumptions e to weemployee engagement scores.B.Austing cost of capite to poor governanratings.C.Austing cash flows e to cash taustments.Changing fair value price/earnings (PE) ratio e to strong sustainability scores. 解析C错误。由于税的调整而调整财务数据，这个不是ESG分析。 如题。。。。。。。。。。。。
NO.PZ2022072501000014问题如下 Whiof these is NOT ESG-integratealuation technique? A.Austing sales growth assumptions e to weemployee engagement scores.B.Austing cost of capite to poor governanratings.C.Austing cash flows e to cash taustments.Changing fair value price/earnings (PE) ratio e to strong sustainability scores. 解析C错误。由于税的调整而调整财务数据，这个不是ESG分析。 老师，打个比方，一个公司在e方面没做好，可能增加碳税，进而影响现金流，所以c怎么不对呢
NO.PZ2022072501000014 问题如下 Whiof these is NOT ESG-integratealuation technique? A.Austing sales growth assumptions e to weemployee engagement scores. B.Austing cost of capite to poor governanratings. C.Austing cash flows e to cash taustments. Changing fair value price/earnings (PE) ratio e to strong sustainability scores. 解析C错误。由于税的调整而调整财务数据，这个不是ESG分析。 Whiof these is NOT ESG-integratevaluation technique?您的回答正确答案是: Austing sales growth assumptions e to weemployee engagement scores.是否weemployee engagement scores 暗示公司的治理或者社会责任履行不到位？
